banking

Regulating from Below: How Front-Line Bank Workers Can Help Fix the Financial Industry

Leave a Comment / financial reform / By max cyril

Ten years after risky practices at our largest banks wreaked havoc on the global economy, we face a financial sector that, despite some reforms, remains broken in fundamental ways. Wall Street has beat back many of the kinds of structural changes that happened after the Great Depression, and the reforms that have happened in the …

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2011’s Hero

Leave a Comment / banking / By max cyril

With an economy going sideways, CEOs ladling on lavish pay packages and far too many still unemployed, it’s rare that a smile just explodes across my face these days from something I hear in the news. That is until I heard of Warren Nyerges. He’s a former sheriff’s deputy who had tussled when Bank of …

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Wall Street Bonuses For Haiti

Leave a Comment / financial reform / By max cyril

The president is going to announce today a tax on the big banks and financial institutions: The tax on banks, insurance companies and brokerages with more than $50 billion in assets would start after June 30 and seek to collect $90 billion over 10 years, according to a senior administration official who briefed reporters late …

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When The Revolution Comes, Your 401(k) Will Be First Against The Wall

Leave a Comment / banking, handguns / By max cyril

Everybody’s favorite vampire squid, Goldman Sachs, has practiced a form of virtual class warfare for a long time now. But Bloomberg reports today that top execs there are now arming themselves for the real thing: “I just wrote my first reference for a gun permit,” said a friend, who told me of swearing to the …

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Bad Distribution of Income Led to Great Depression: History Repeats in 2008

Leave a Comment / economy / By max cyril

John Kenneth Galbraith wrote The Great Crash 1929, an economic history focused in part on the men of the market who brought on the crash, in graceful and snarky prose. In his last chapter, he tells us of five major weaknesses in the real economy that made it possible for the disaster to destroy a …

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Regulating from Below: How Front-Line Bank Workers Can Help Fix the Financial Industry

2011’s Hero

Wall Street Bonuses For Haiti

When The Revolution Comes, Your 401(k) Will Be First Against The Wall

Bad Distribution of Income Led to Great Depression: History Repeats in 2008

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Madeline Messa