Image via Wikipedia I can’t wait to see this. My outrage is already building. Related articles Movie Trailer: Inside Job (slashfilm.com) Financial Meltdown Doc Inside Job Movie Trailer (screenhead.com)
Posts Tagged ‘banks’
Inside Job: the movie
Posted: 31st August 2010 by Brant in biz, politicsTags: banks, economy, Wall Street
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Elizabeth Warren for sheriff
Posted: 21st August 2010 by Brant in politicsTags: banks, economy, Elizabeth Warren, Obama administration, Wall Street
More on Elizabeth Warrn from Joe Nocera in the New York Times. What struck me . . .was the bluntness of her language. She used words like “tricks,” “fleece,” and “bribe” to describe the actions of mortgage and credit card lenders. And I think a lot of her appeal stems from that simple fact: she [...]
I want gold
Posted: 16th August 2010 by Brant in biz, culture, funTags: banks, economy, fun, Gold, Wall Street
True financial genius
Posted: 27th July 2010 by Brant in biz, politicsTags: banks, economy, fun, Wall Street
Excess bonuses found by pay czar
Posted: 23rd July 2010 by Brant in biz, politicsTags: banks, economy, Wall Street
This is hardly a surprise, but Federal government has determined that huge and excessive bonuses were paid on Wall Street leading up to the economic collapse that continues the hurt the average American today. The bailout of these banks was a gigantic transfer of wealth from main street to Wall Street, and virtually a form [...]
Economic quote of the day
Posted: 3rd July 2010 by Brant in biz, politicsTags: banks, economy, Wall Street
The only single American event in history that even comes close to matching the cost of the credit crisis is World War II: Original Cost: $288 billion, Inflation Adjusted Cost: $3.6 trillion The $4.6165 trillion dollars committed so far is about a trillion dollars ($979 billion dollars) greater than the entire cost of World War [...]
Bring back debtor prisons
Posted: 27th June 2010 by Brant in biz, politicsTags: banks, economy, republicans, wackos, Wall Street
Oh yeah, that’s the ticket. But only if we start with the bankers on Wall Street who required a government bailout to pay their debts. (via Balloon Juice)
BP not as bad GS
Posted: 13th June 2010 by Brant in biz, cultureTags: advertising, banks, BP, economy, environment, Goldman, polls, Wall Street
Check it out.
Matt Taibbi on Goldman Sachs
Posted: 20th April 2010 by Brant in politicsTags: banks, Goldman, Taibbi, Wall Street
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Wall Street quote of the day (updated)
Posted: 16th April 2010 by Brant in bizTags: banks, economy, Goldman, Wall Street
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The SEC’s charges are completely unfounded in law and fact and we will vigorously contest them and defend the firm and its reputation. – Goldman Sachs, in response to a civil lawsuit filed by the SEC against Goldman alleging that Goldman engaged in fraud. My reaction: stunned, of course. Who could believe that fraud was [...]
Bet against the American dream
Posted: 12th April 2010 by Brant in biz, cultureTags: banks, economy, fun, music, Wall Street
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Bet Against the American Dream from Alexander Hotz on Vimeo. The above parody is based on an all-too-true story. Read the details from the ProPublica report here.
Taibbi on the fraud in Jefferson County, AL
Posted: 2nd April 2010 by Brant in biz, politicsTags: banks, economy, Goldman, JP Morgan, Taibbi, Wall Street
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Matt Taibbi is back. He is single-handedly doing the kind of financial reporting that the NYT and WSJ should be doing, but aren’t. His latest article in Rolling Stone provides chapter and verse on exactly how Wall Street ripped off Jefferson County, Alabama. You owe it to yourself to read the story in its entirety, but [...]
Economics quote of the day
Posted: 29th March 2010 by Brant in biz, politicsTags: banks, Bernanke, economy, Obama administration
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The impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. –Ben Bernanke in congressional testimony, 3/28/07 (via The Cunning Realist)
Political quote of the day (updated)
Posted: 21st March 2010 by Brant in politicsTags: banks, Boehner, financial reform, republicans, Wall Street
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Don’t let those little punk staffers take advantage of you, and stand up for yourselves. – John Boehner, GOP House leader and spokesmodel for the chemical tanning industry, advising bankers to fight financial reform. instructed the poor, defenseless bankers, and pledging to block any financial reform. Update: More on the deeper meaning of this remark from [...]
“An elegant form of theft”
Posted: 15th March 2010 by Brant in bizTags: banks, economy, Wall Street
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Check out this clip from last night’s 60 Minutes. A bond trader, Michael Lewis, author of The Big Short: Inside the Doomsday Machine, succinctly characterizes the essence of what is going on (still) on Wall Street. You can watch the entire piece as part of the full show video here. It is the first segment. [...]