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Wall Street Topics

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

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  • Button-ferguson
    We continue our conversation with Charles Ferguson, director of the Oscar award-winning documentary, “Inside Job,” about the 2008 financial crisis. In his new book, “Predator Nation,” he argues “the role of Democrats has been at least as great as the role of Republicans” in causing the crisis. [includes rush transcript]
    May 29, 2012 | Web Exclusive
  • 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-boa-anonymous
    In his new article, "Bank of America: Too Crooked to Fail," Rolling Stone reporter Matt Taibbi chronicles the remarkable history of the rise of Bank of America, an institution he says has defrauded "everyone from investors and insurers to homeowners and the unemployed." Taibbi describes how the Bush and Obama administrations have repeatedly propped up the financial institution, which received a $45 billion taxpayer bailout...
    March 22, 2012 | Story
  • Button-taibbi-headshot
    Financial reporter Matt Taibbi talks about Goldman Sach’s history of denigrating its own clients, as recently highlighted by former Goldman executive Greg Smith’s explosive resignation letter in the New York Times. Decrying what he called Goldman’s "toxic" culture, Smith said bosses at the firm called their clients "muppets" and strove to maximize profits at the expense of client interests, adding:...
    March 22, 2012 | Story
  • Button-jefferson-country
    As Mississippi and Alabama hold their Republican primaries, we go to Jefferson County, Alabama, where the financial situation is so grim that it cannot hire enough staff to run today’s election. Critics say Jefferson County, home to Birmingham, represents some of the worst consequences of the pro-corporate agenda backed by leading Republican candidates. Late last year, it filed the largest municipal bankruptcy in U.S. history after...
    March 13, 2012 | Story
  • Splash_image20120210-19377-1l7xwza-0
    The U.S. Justice Department has unveiled a record mortgage settlement with the nation’s five largest banks to resolve claims over faulty foreclosures and mortgage practices that have indebted and displaced homeowners and sunk the nation’s economy. While the deal is being described as a $25 billion settlement, the banks will only have to pay out a total of $5 billion in cash between them. We speak to one of the settlement’s...
    February 10, 2012 | Story
  • Banking-button
    New York Daily News columnist and Democracy Now! co-host Juan Gonzalez reports the Treasury Department has approved payouts exceeding $5 million for 49 executives at firms that most benefited from the Wall Street bailout. The executives’ pay came despite the $500,000 salary cap established under the Troubled Asset Relief Program (TARP). [includes rush transcript]
    January 27, 2012 | Story
  • Amys_column_default_640x360_2014
    Does Obama’s formation of the new task force aimed at investigating the shoddy mortgage-lending practices that contributed to the financial crisis signify a move to more progressive policies, as MoveOn suggests?
    January 26, 2012 | Columns & Articles
  • Amys_column_default_640x360_2014
    Even though Heather Carpenter was outside of Citibank, a plainclothes officer had identified her as an Occupy Wall Street protester. She said she was a customer and showed her receipt. To her shock, as documented by video, Heather was grabbed from behind by a plainclothes officer who began forcing her into the bank. She screamed, but within seconds disappeared into the vestibule, surrounded by a dozen cops, where she was roughly handcuffed and...
    November 23, 2011 | Columns & Articles
  • Splash_image20111103-5805-7gjn1j-0
    World leaders are gathering in Cannes for the opening of the Group of 20 summit today. On the top of the agenda is the Greece bailout and the European debt crisis. On Monday, Greek Prime Minister George Papandreou angered many European leaders by announcing his support for a popular referendum—allowing the Greek people to decide if they want to accept the conditions of the $179 billion European Union bailout. After days of increasing criticism...
    November 03, 2011 | Story