Wall Street Topics

Democracy Now! stories, posts and pages that relate to Wall Street

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  • The Guardian newspaper reports staff at Goldman Sachs can look forward to the biggest bonus payouts in the firm’s 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the credit crunch will derail financial regulation reforms. We speak to Nomi Prins, a former managing director for Goldman Sachs in New York, about the possible record bonuses, President Obama’s...
    Jun 22, 2009 | Story
  • It’s been exactly one year since the onset of the financial crisis and the passage of the Bush administration’s $700 billion bailout of Wall Street. But what were the factors in deciding who received bailout funds? And what happened to all the money? The answer to those two simple questions is: We don’t know. In a new article in Vanity Fair, the Pulitzer Prize-winning investigative team Donald Barlett and James Steele try to...
    Sep 10, 2009 | Story
  • Blackweb
    The Dow Jones Industrial Average has topped 10,000 for the first time in a year, as JPMorgan Chase reported massive profits in the third quarter. Meanwhile, the Wall Street Journal is reporting that major US banks and securities firms are on pace to pay their employees about $140 billion this year — a record high. But on Main Street, foreclosures are also at record levels, and the official unemployment rate is expected to top ten...
    Oct 15, 2009 | Story
  • Santa-clausweb
    As 2009 comes to a close, we take a look at the state of the US economy with economist Dean Baker and the Reverend Jesse Jackson. "After throwing the economy into the worst downturn since the Great Depression and bringing the whole sector to the edge of collapse, the financial industry has used its political power to succor itself back to life," Baker writes. "It is now stronger than ever." [includes rush transcript]
    Dec 30, 2009 | Story
  • Moveyourmoney-dn
    Economist Robert Johnson, columnist Arianna Huffington and filmmaker Eugene Jarecki, among others, have come up with a new proposal that would allow ordinary people in this country to channel their anger over the Wall Street bailout while also helping invigorate community banking. We speak with Rob Johnson about Move Your Money. [includes rush transcript]
    Jan 04, 2010 | Story
  • Dodd-133
    Two veteran Democratic senators, Christopher Dodd of Connecticut and Byron Dorgan of North Dakota, announced this week they would not seek re-election in November. While many consumer groups criticized Dodd’s close ties to the banking and real estate industry, they are even more concerned about Tim Johnson, his likely successor as chair of the Senate Banking Committee, who was the only Democrat to oppose legislation tightening...
    Jan 07, 2010 | Story
  • Amy-stiglitz
    As President Obama defends the success of his one-year-old $787 billion stimulus package, we speak to Nobel Prize-winning economist Joseph Stiglitz, who says the stimulus was both not big enough and too focused on tax cuts. Stiglitz is the author of the new book Freefall: America, Free Markets, and the Sinking of the World Economy, which analyzes the causes of the Great Recession of 2008 and calls for overcoming what he calls an "ersatz...
    Feb 18, 2010 | Story
  • Healthreformweb
    The Democrat-led push for healthcare reform is in its final stages as lawmakers prepare for a congressional vote as early as this weekend. On Monday, House Speaker Nancy Pelosi said she is considering using a tactic that would avoid a direct House vote on the less popular Senate version of the healthcare bill. We speak with Ryan Grim, senior congressional correspondent for the Huffington Post. [includes rush transcript]
    Mar 16, 2010 | Story
  • Wallstbull
    With the main healthcare reform bill signed into law, Democrats say congressional efforts to reform Wall Street and the nation’s financial regulatory system will soon top the Obama administration’s agenda. A measure put forward by Sen. Christopher Dodd is being described as the biggest overhaul of financial rules since the 1930s, but critics have faulted the proposal for giving additional power to the Federal Reserve while gutting...
    Mar 25, 2010 | Story
  • Poker
    In a new article in Rolling Stone magazine, journalist Matt Taibbi takes an in-depth look at the experience of one small Alabama town and its disastrous dealings with Wall Street. Taibbi writes, "The destruction of Jefferson County reveals the basic battle plan of these modern barbarians, the way that banks like JP Morgan and Goldman Sachs have systematically set out to pillage towns and cities from Pittsburgh to Athens." [includes...
    Apr 12, 2010 | Story