Wall Street Topics

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

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  • Splash_image20111103-11498-1pg11rs-0
    In a major banking scandal, the commodities and derivatives brokerage house MF Global filed one of the largest bankruptcies in American corporate history, with almost $40 billion in liabilities. It was the largest failure on Wall Street since the collapse of Lehman Brothers in 2008. The chairman and chief executive officer of MF Global is Jon Corzine, a former New Jersey governor and U.S. senator. Corzine is also the former CEO of Goldman...
    Nov 03, 2011 | Story
  • Greenwald_2_web
    The prominent political and legal blogger Glenn Greenwald comments on the growing Occupy Wall Street movement. "What this movement is about is more important than specific legislative demands. It…is expressing dissent to the system itself," says Greenwald. "It is not a Democratic Party organ. It is not about demanding that President Obama’s single [jobs] bill pass or anything along those lines. It is saying that we believe...
    Oct 26, 2011 | Story
  • Piven_web
    CUNY professor Frances Fox Piven recently spoke with Democracy Now!'s Mike Burke at the Occupy Wall Street protest. "I think we desperately need a popular uprising in the United States," Piven said. "I study movements. [None of us] know the exact formula, when those movements erupt. But it could be. And if that's true, then these people who are here are really wonderful." [includes rush transcript]
    Oct 04, 2011 | Web Exclusive
  • Cornelwestoccupywallstbutto
    "We’re talking about a democratic awakening," said Dr. Cornel West when he spoke with Democracy Now! host Amy Goodman during a visit Tuesday night to the Occupy Wall Street encampment. [includes rush transcript]
    Sep 29, 2011 | Web Exclusive
  • 2,000 people occupied Wall Street on Saturday. They weren’t carrying the banner of the tea party, the Gadsden flag with its coiled snake and the threat “Don’t Tread on Me.” Yet their message was clear:“We are the 99 percent that will no longer tolerate the greed and corruption of the 1 percent.”
    Sep 21, 2011 | Columns & Articles
  • Splash_image20110823-602-1rq2zmj-0
    An explosive new report in Rolling Stone magazine exposes how the U.S. Securities and Exchange Commission destroyed records of thousands of investigations, whitewashing the files of some of the nation’s largest banks and hedge funds, including AIG, Wells Fargo, Lehman Brothers, Goldman Sachs, Bank of America and top Wall Street broker Bernard Madoff. Last week, Republican Sen. Chuck Grassley of Iowa said an agency whistleblower had sent...
    Aug 23, 2011 | Story
  • President Barack Obama touted his debt ceiling deal Tuesday, saying, “We can’t balance the budget on the backs of the very people who have borne the biggest brunt of this recession.” Yet that is what he and his coterie of Wall Street advisers have done.
    Aug 02, 2011 | Columns & Articles
  • Us_debt_vote_button
    After months of a bitterly partisan stalemate, the U.S. House of Representatives has voted 269 to 161 in favor of raising the federal borrowing limit and avoiding a default on the national debt. The final count showed 174 Republican ayes, with Democrats split evenly—95 on each side. The vote came just hours before a Department of Treasury deadline that potentially would have seen the United States run out of cash and default for the first time...
    Aug 02, 2011 | Story
  • Debt_button
    Republicans have agreed to a vote today on a budget plan they say will cut the deficit $917 billion over 10 years. The move sets the stage for a showdown against unified Democratic opposition in the Senate and threats of a White House veto. To discuss the debt talks and economic austerity worldwide, we’re joined by Richard Wolff, Emeritus Professor of Economics at University of Massachusetts Amherst and author of several books, including...
    Jul 28, 2011 | Story
  • New_nader_warrern
    After months of fierce opposition from Wall Street, corporate lobbyists and Republican lawmakers, the Consumer Financial Protection Bureau officially launches this week in Washington, D.C. A product of last year’s overhaul of financial regulation, the bureau was established to protect consumers from deceptive practices. Republicans have sought to weaken its reach with a number of restrictive measures, including granting other regulatory...
    Jul 19, 2011 | Story