Wall Street Topics

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

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  • 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 failing...
    Mar 13, 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...
    Mar 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: "It...
    Mar 22, 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...
    May 29, 2012 | Story
  • 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-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: Corporate...
    Jun 01, 2012 | Story
  • Button-inequality-book
    Several months before Occupy Wall Street, the Nobel Prize-winning economist Joseph Stiglitz wrote "Of the 1%, by the 1%, for the 1%," an article for Vanity Fair. He returns to the subject in his new book looking at how inequality is now greater in the United States than any other industrialized nation. He notes that the six heirs of the Wal-Mart fortune command wealth equivalent to the entire bottom 30 percent of American society. "It’s...
    Jun 06, 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...
    Jun 14, 2012 | Story
  • Goldman-sachs-logo
    The Oakland City Council has voted unanimously to end a contract with Goldman Sachs that locked it into a financial deal called an high interest rate swap. The city signed on with the bank in 1998 on the premise it would reduce costs of its bonds amid rising interest rates. But after the 2008 financial meltdown, the Federal Reserve cut interest rates to near zero. As a result, Goldman’s rate dropped to 0.15 percent — even as it continued...
    Jul 09, 2012 | Story
  • Matt_taibbi
    In part two of our interview with Matt Taibbi, he describes recent Wall Street scandals — including a decade-long Wall Street scandal that drained money from every county and state in the United States — and notes not a single bank executive has faced individual consequences. He also explains how Republican presidential nominee Mitt Romney’s former firm, Bain Capital, and others have used private equity to raise money to conduct...
    Jul 30, 2012 | Web Exclusive