banking industry

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Latest blogosphere posts tagged “banking industry”

  • Obama to Banks: It’s Payback Time


    Truthdig: Drilling Beneath the HeadlinesAuthority Authority: 728
    On Monday, President Obama reminded a group of big banking honchos (or “fat cats,” as he called them on Sunday) assembled at the White House about last year’s bailout and advised them to get busy helping the taxpayers who helped with their recovery. Well, good luck with that one.  —KA BBC: He said US ...
    4 hours ago
  • Obama to take bankers to task over lending, reforms


    Progressive News DailyAuthority Authority: 161
    By Caren Bohan Reuters WASHINGTON (Reuters) – President Barack Obama may have some tough words for executives of Goldman Sachs, Citigroup and other financial firms when he meets with them today. Obama, who has complained about “fat cat bankers” taking big bonuses, will use the meeting to press the firms to ...
    9 hours ago
  • Yes, Obama is Getting Serious About Banks. He is Now Calling Them Bad Names!


    naked capitalismAuthority Authority: 722
    Are we supposed to take this posturing seriously? The media is now peddling more and more banker-favoring narratives with a straight face. The Columbia Journalism Review described one last week, how a little Goldman Kabuki theater to appease the peasants was incorrectly depicted as a serious move: …the press ...
    14 hours ago
  • Yes, Obama is Getting Serious About Banks. He is Now Calling Them Bad Names!


    Gulag BlogAuthority Authority: 170
    Are we supposed to take this posturing seriously? The media is now peddling more and more banker-favoring narratives with a straight face. The Columbia Journalism Review described one last week, how a little Goldman Kabuki theater to appease the peasants was incorrectly depicted as a serious move: …the press ...
    14 hours ago
  • Yes, Obama is Getting Serious About Banks. He is Now Calling Them Bad Names!


    Fuck BankersAuthority Authority: 170
    Are we supposed to take this posturing seriously? The media is now peddling more and more banker-favoring narratives with a straight face. The Columbia Journalism Review described one last week, how a little Goldman Kabuki theater to appease the peasants was incorrectly depicted as a serious move: …the press ...
    14 hours ago
  • Hospital Cleaners Are Worth More Than Bankers (and Quelle Surprise, Bankers Destroy Value!)


    Fuck BankersAuthority Authority: 170
    A provocative report by the New Economics Foundation has made an effort to put a price tag on the broader costs and benefits of various types of work. As quoted in the Financial Times (hat tip Swedish Lex), the leader of this effort put it: Pay levels often don’t reflect the true value that is being created. As ...
    16 hours ago
  • Hospital Cleaners Are Worth More Than Bankers (and Quelle Surprise, Bankers Destroy Value!)


    Gulag BlogAuthority Authority: 170
    A provocative report by the New Economics Foundation has made an effort to put a price tag on the broader costs and benefits of various types of work. As quoted in the Financial Times (hat tip Swedish Lex), the leader of this effort put it: Pay levels often don’t reflect the true value that is being created. As ...
    16 hours ago
  • Hosptial Cleaners Are Worth More Than Bankers (and Quelle Surprise, Bankers Destroy Value!)


    naked capitalismAuthority Authority: 722
    A provocative report by the New Economics Foundation has made an effort to put a price tag on the broader costs and benefits of various types of work. As quoted in the Financial Times (hat tip Swedish Lex), the leader of this effort put it: Pay levels often don’t reflect the true value that is being created. As ...
    16 hours ago
  • So Why Did Abu Dhabi Run to the Rescue of Dubai?


    Fuck BankersAuthority Authority: 170
    I’m curious to get reader views on this one, since even the normally jaundiced Reuters noted in its coverage that the 11th hour bailout was “the least expected of all options Dubai had on the table.” Abu Dhabi had made it sound as if it would help, but that it also was going to extract a pound of flesh from ...
    18 hours ago
  • So Why Did Abu Dhabi Run to the Rescue of Dubai?


    Gulag BlogAuthority Authority: 170
    I’m curious to get reader views on this one, since even the normally jaundiced Reuters noted in its coverage that the 11th hour bailout was “the least expected of all options Dubai had on the table.” Abu Dhabi had made it sound as if it would help, but that it also was going to extract a pound of flesh from ...
    18 hours ago
  • So Why Did Abu Dhabi Run to the Rescue of Dubai?


    naked capitalismAuthority Authority: 722
    I’m curious to get reader views on this one, since even the normally jaundiced Reuters noted in its coverage that the 11th hour bailout was “the least expected of all options Dubai had on the table.” Abu Dhabi had made it sound as if it would help, but that it also was going to extract a pound of flesh from ...
    18 hours ago
  • Banks v. homeowners


    David KirkpatrickAuthority Authority: 436
    I’ve already blogged about what banks are doing to small business , and the overall economy as a result. Here’s more of the same tight-fisted lending practices (with those tight fists wrapped around taxpayer’s money via the various bailouts) geared toward homeowners looking to refinance during this time of ...
    1 day ago
  • Drug Money Saved Banks in Global Crisis?


    Gulag BlogAuthority Authority: 170
    Wow, so it wasn’t Turbo Timmy, the AIG rescue, the alphabet soup of Fed currency facilities or the currency swaps that saved the global banking system. The marginal suppliers of capital, according to the UN, were drug lords. That means that the UN is saying that the banks went into the money-laundering business on a ...
    1 day ago
  • Drug Money Saved Banks in Global Crisis?


    Fuck BankersAuthority Authority: 170
    Wow, so it wasn’t Turbo Timmy, the AIG rescue, the alphabet soup of Fed currency facilities or the currency swaps that saved the global banking system. The marginal suppliers of capital, according to the UN, were drug lords. That means that the UN is saying that the banks went into the money-laundering business on a ...
    1 day ago
  • Report Says Goldman Sachs Played Bigger Role in AIG Trades


    Progressive News DailyAuthority Authority: 161
    Reuters CHICAGO (Reuters) – Goldman Sachs Group Inc. played a bigger role in fueling the mortgage bets that crippled American Insurance Group Inc than has been publicly disclosed, the Wall Street Journal reported on Saturday. An analysis by the paper of AIG’s trades on pools of mortgage debt shows that ...
    1 day ago
  • Matt Taibbi: Obama’s Big Sellout


    naked capitalismAuthority Authority: 722
    By Edward Harrison of Credit Writedowns Matt Taibbi is one of the few commentators in the mainstream media who is not worried about ‘access’ and has, therefore, been free to write much more critically about the economic crisis and reform efforts on Wall Street. His first piece was a polemic against Goldman ...
    3 days ago
  • Pitchfork Watch: Vigilante Justice Against Banking Interests Rising?


    Fuck BankersAuthority Authority: 170
    We noted that all the talk of pitchforks and heads on pikes, the folks at Goldman have taken to arming themselves. But until recently, the talk was aggressive, but bodily harm was non-existent, save for an isolated (but very nasty) beating over phony mortgage mod advice . But that may be changing, per this update ...
    3 days ago
  • Pitchfork Watch: Vigilante Justice Against Banking Interests Rising?


    Gulag BlogAuthority Authority: 170
    We noted that all the talk of pitchforks and heads on pikes, the folks at Goldman have taken to arming themselves. But until recently, the talk was aggressive, but bodily harm was non-existent, save for an isolated (but very nasty) beating over phony mortgage mod advice . But that may be changing, per this update ...
    3 days ago
  • Pitchfork Watch: Vigilante Justice Against Banking Interests Rising?


    naked capitalismAuthority Authority: 722
    We noted that all the talk of pitchforks and heads on pikes, the folks at Goldman have taken to arming themselves. But until recently, the talk was aggressive, but bodily harm was non-existent, save for an isolated (but very nasty) beating over phony mortgage mod advice . But that may be changing, per this update ...
    3 days ago
  • “Financial Reform, or, Rearranging Chairs on the Titanic”


    Gulag BlogAuthority Authority: 170
    By L. Randall Wray is a professor of economics and research director of the Center for Full Employment and Price Stability at the University of Missouri–Kansas City and writes for New Deal 2.0 Congress is nearing completion of its financial reform bill HR 4173 (Wall Street Reform and Consumer Protection Act of ...
    3 days ago

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