Wall Street Topics

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

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  • Bsteele
    In part two of our interview with the investigative duo James Steele and Don Barlett, they talk about the media’s failure to hold Wall Street or politicians accountable for financial crimes and mismanagement — topics covered in their new book, "The Betrayal of the American Dream." They also discuss attacks on Social Security, and campaign finance reform. [includes rush transcript]
    Aug 01, 2012 | Web Exclusive
  • Ubs
    As news comes that the IRS will award whistleblower Brad Birkenfeld $104 million—the largest individual federal payout in U.S. history for exposing the biggest tax evasion scheme in U.S. history—we will speak with one of his attorneys, Stephen Kohn, executive director of the National Whistleblowers Center. Click to see our past coverage on Democracy Now! and to read columns by co-host Juan Gonzalez on how the former UBS banker went...
    Sep 11, 2012 | Web Exclusive
  • Thumbjacklew
    Former bank regulator William Black and Rolling Stone’s Matt Taibbi join us to dissect the career of Jack Lew, President Obama’s pick to replace Treasury Secretary Timothy Geither. Currently Obama’s chief of staff, Lew was an executive at Citigroup from 2006 to 2008 at the time of the financial crisis. He backed financial deregulation efforts while he headed the Office of Management and Budget under President Bill Clinton. During...
    Jan 11, 2013 | Story
  • Thumbtaibbi
    Four years after the massive bailout that rescued Wall Street, we look at the state of the financial sector with Rolling Stone’s Matt Taibbi and former financial regulator William Black. In a new article for Rolling Stone, Taibbi argues the government did not just bail out Wall Street, but also lied on the financial sector’s behalf, calling unhealthy banks healthy and helping banks cover up how much aid they were getting. The government’s...
    Jan 11, 2013 | Story
  • Peterson_pyramid
    With $85 billion across-the-board spending cuts, known as "the sequestration," set to take effect this Friday, a new investigation reveals how billionaire investors, such as Peter Peterson, have helped reshape the national debate on the economy, the debt and social spending. Between 2007 and 2011, Peterson personally contributed nearly $500 million to his Peter G. Peterson Foundation to push Congress to cut Social Security, Medicare...
    Feb 26, 2013 | Story
  • Taibbi2
    In his latest article for Rolling Stone, Matt Taibbi reports that Wall Street firms are now making millions in profits off of public pension funds nationwide. "Essentially it is a wealth transfer from teachers, cops and firemen to billionaire hedge funders," Taibbi says. "Pension funds are one of the last great, unguarded piles of money in this country, and there are going to be all sort of operators that are trying to get their...
    Sep 26, 2013 | Story
  • Foreclosure2
    In the largest banking settlement in U.S. history, the banking giant JPMorgan Chase is set to pay a record $13 billion fine to settle investigations into its mortgage-backed securities. Five years ago, the bank’s risky behavior helped trigger the financial meltdown, including manipulating mortgages and sending millions of Americans into bankruptcy or foreclosure. JPMorgan’s preliminary settlement with the U.S. government may end up...
    Oct 28, 2013 | Story
  • Detroitprotests1
    A federal judge has approved Detroit’s bid to qualify for bankruptcy, putting the city on a path to financial recovery — but threatening the livelihoods of thousands of city workers. In a landmark decision that could harm retiree benefits nationwide, Federal Judge Steven Rhodes ruled that federal bankruptcy law can override state laws that protect public pensions. That clears the way for Detroit to make major cuts to the health and...
    Dec 04, 2013 | Story
  • Homeless1
    The Dow Jones Industrial Average and the S&P 500 both hit record highs on Thursday while the NASDAQ surged to its highest level in over 13 years. The year-end rally is expected to add a boost to the massive bonuses Wall Street is preparing to hand out this year. The largest Wall Street firms have reportedly set aside more than $91 billion for year-end bonuses. In response, an activist group called The Other 98% has launched a petition calling...
    Dec 27, 2013 | Story
  • Wallstreet
    With U.S. inequality at its highest point since 1928 and Wall Street bonuses hitting pre-2008 levels, we look at the 100-year history of secret collusion between Washington and the financial industry. In her new book, "All the Presidents’ Bankers: The Hidden Alliances that Drive American Power," financial journalist Nomi Prins explores how a small number of bankers have played critical roles in shaping a century’s worth of...
    Apr 08, 2014 | Story