All Articles on Economy

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Obama Still Doesn't Get It
Bloomberg today reports President Obama as commenting on the $17 million bonus for Jamie Dimon of JP Morgan Chase and the $9 million bonus for Lloyd Blankfein of Goldman Sachs, I know both those guys; they are very savvy businessmen , and I, like most of the American people, don't begrudge people...
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Volcker Rules
Finally President Barack Obama has come to his senses on financial regulation. His endorsement of what he calls the “Volcker Rule” for once puts him squarely on the side of ordinary Americans as opposed to the banking bandits who have so thoroughly fleeced the public. The proposal from former...
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Vampire Squid: 100 Million, We The People: 0
The U.K.'s Times reports that Goldman Sachs CEO Lloyd Blankfein, he of "doing God's work" fame, is set to receive a record bonus of $100 million for making lots of money when everybody else was losing it. That, despite public outrage and Obama's berating generous bank bonuses as "shameful," though...
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The State of the Corporate Union
The State of the Union will be a little different this year. Thanks to a last-minute switch the annual address will be presented by Lloyd Blankfein, CEO and Chairman of Goldman Sachs, known henceforth as CEO of America. While a final text is not yet released, insiders suggest that CEO Blankfein...
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Obama's Half-Baked Bank Reform
For Real Reform, Glass-Steagall Must be Brought Back
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Banks 'Too Big To Fail' - and They Know It
Financial Crisis Commission Testimony
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Bring Back Glass-Steagall
Last month, Sens. Maria Cantwell and John McCain proposed a measure that would revive parts of the old Glass-Steagall Act, the 1933 law that separated investment from commercial banking. After having been diluted many times over the years, Glass-Steagall was largely repealed in 1999, permitting a...
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McCain Gets It, Obama Doesn’t
Maybe I got it wrong. During the presidential campaign I wrote columns blasting Sen. John McCain for siding with the big bankers on deregulation, citing his choosing ex-Sen. Phil Gramm, currently a vice chairman of the Swiss-owned banking giant UBS, as his presidential campaign chair. Barack Obama...
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An Ungodly Joke
Evidently confusing Christmas with April Fool's Day, the Financial Times has named Goldman Sachs CEO Lloyd Blankfein their Person of the Year, applauding the ethical vaccum that allowed him to post record profits and $23 billion bonuses when so many are suffering. What planet do these people...
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EPA, USDA Push Farmers to Use Coal Waste on Fields
INDIANAPOLIS - The federal government is encouraging farmers to spread a chalky waste from coal-fired power plants on their fields to loosen and fertilize soil even as it considers regulating coal wastes for the first time. The material is produced by power plant "scrubbers" that remove acid rain...
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