Financial Meltdown Topics

Democracy Now! stories, posts and pages that relate to Financial Meltdown

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  • Filmmaker
    A major force pushing for ex-IMF and Bankia chief Rodrigo Rato’s prosecution has been the May 15 Movement, or M15, known around the world as the "indignados." Organized largely through social media, the M15 launched massive protests in Spain over unemployment, corruption and political stagnation. In Madrid, Democracy Now! host Amy Goodman interviews Stéphane Grueso, an activist and filmmaker who is making a documentary about...
    July 05, 2012 | Story
  • Glen
    Four years after the 2008 economic crisis, not a single top Wall Street executive has gone to jail. "These executives knew that they could take these huge risks and even break laws and pay no real price, and that’s what happened," says Glenn Greenwald, author of "With Liberty and Justice for Some: How the Law Is Used to Destroy Equality and Protect the Powerful," and a blogger for Salon. "It’s not just a...
    July 05, 2012 | Story
  • Button-diman
    Protesters confronted JPMorgan Chase CEO Jamie Dimon on Wednesday as he testified on Capitol Hill about how his bank lost up to $3 billion in risky bets. Lawmakers, however, gave a warmer greeting to the man described as Washington’s favorite banker. JPMorgan spent $7.6 million on lobbying last year, and Dimon has a long record of contributing campaign donations to lawmakers on the Senate Banking Committee. We speak to former investment...
    June 14, 2012 | Story
  • Button-ferguson
    The Labor Department has just announced the United States economy gained only 69,000 jobs in May and the unemployment rate rose to 8.2 percent. We air part two of our interview with Academy Award-winning director Charles Ferguson, who first examined the network of academic, financial and political players who contributed to the nation’s financial crisis in his documentary, "Inside Job." In his new book, "Predator Nation:...
    June 01, 2012 | Story
  • Button-predator-nation
    Two years after directing the Academy Award-winning documentary, “Inside Job,” filmmaker Charles Ferguson returns with a new book, “Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America.” Ferguson explores why no top financial executives have been jailed for their role in the nation’s worst economic crisis since the Great Depression. We also discuss Larry Summers and the revolving door between academia and...
    May 29, 2012 | Story
  • Button-dimon-sm
    As the financial giant JPMorgan Chase continues to suffer major losses on its risky derivatives trades, Nobel Prize-winning economist Paul Krugman says bank chief Jamie Dimon should resign "precisely because he’s been using his supposed wisdom as a way to campaign against reform, and now it’s turned out that he wasn’t that wise after all. In fact, his bank was doing seriously bad stuff." Krugman says, "I think...
    May 17, 2012 | Story
  • Button-europe-austerity
    The European economic crisis is expected to top the agenda at the G8 meeting tomorrow at Camp David. In Greece, voters will soon head to the polls for another round of elections which will be viewed by many as a referendum on the euro. Our guest today, Nobel Prize-winning economist Paul Krugman, warns the current bank run in Greece could spiral into the end of the eurozone. "It’s really quite shocking," Krugman says. "I...
    May 17, 2012 | Story
  • Button-dimon
    JPMorgan Chase, the nation’s largest bank, is under fire after losing at least $2 billion in derivatives trading it was warned carried high risk. The loss has renewed calls for tougher regulation of Wall Street, with critics saying JPMorgan could have avoided it under regulations the bank opposed. We’re joined by former financial regulator, white-collar criminologist, and University of Missouri-Kansas City Professor William Black,...
    May 15, 2012 | Story
  • Button-black
    White-collar criminologist and former senior financial regulator William Black addresses the grassroots reaction to austerity measures in Europe — from the "Indignados" movement in Spain to the anti-bailout elections in France and Greece — as well as in the United States, where the Occupy movement is re-emerging as the presidential campaign gets into full gear. "Finance is supposed to simply be a middleman to help...
    May 15, 2012 | Story
  • Amys_column_default_640x360_2014
    By Amy Goodman with Denis Moynihan

    Shareholder meetings can be routine, unless you are Bank of America, in which case it may be declared an "extraordinary event." That is what the city of Charlotte, North Carolina called the bank’s shareholder meeting this week. Bank of America is currently the second largest bank in the US (after JP Morgan Chase), claiming more than $2 trillion in assets. It is also the "too big to...
    May 09, 2012 | Columns & Articles