Bankster Blog
JP Morgan Gets an Award for London Whale Fiasco, Will Schneiderman Harpoon the Corruption?
Submitted by Mary Bottari on March 26, 2013 - 15:18.jpg "Jamie Dimon")
A JPMorgan Chase employee stepped onstage at a black-tie gala on Wall Street last week to accept a “best crisis management” award given by an investor relations magazine. The bank, which was recently the subject of a U.S.
Frontline Gets Its Man: Lanny Breuer Leaves DOJ After Exposé
Submitted by Mary Bottari on January 24, 2013 - 17:22In a testament to the power of independent media, the award-winning public television show Frontline this week helped push a top Department of Justice (DOJ) official out the door.
That Bad Ceiling Feeling: Unlike the Fiscal Cliff the Debt Ceiling Is the Real Deal
Submitted by Mary Bottari on January 9, 2013 - 11:17Missing the fiscal cliff? Don't know what to talk about at the dinner table?
Get ready, the Bipartisan Policy Center has predicted that on February 15, 2013, the U.S. Treasury will take in an estimated $9 billion in revenue, but is committed to pay out $52 billion.
It Ain't Over Till It's Over: Wall Street Gears Up for Austerity Battles of 2013
Submitted by Mary Bottari on January 9, 2013 - 11:16For better or worse, a bill passed Congress in the wee hours of 2013 averting the much-hyped "fiscal cliff" for now and raising taxes on couples making over $450,000 and extending a lifeline of unemployment benefits to 2 million Americans.
Paul Ryan: Bankrolled by the Banksters, the Privatizers, and the Kochs
Submitted by Mary Bottari on August 14, 2012 - 11:00In the 14 years that Paul Ryan has been a Congressman from Southeastern Wisconsin, he has never had a challenger of any stature or a race of any significance. Janesville, his hometown and the heart of the district, has no TV stations and only a handful of small, scrappy newspapers. What an opportunity for a man of the people to take the highroad!
A Sea of Robin Hoods Tell the G8, "It's Time to Tax Wall Street!"
Submitted by Mary Bottari on May 21, 2012 - 10:01
Thousands of nurses from around the world descended upon Daley Plaza, in the heart of Chicago on May 18, to demand that the richest nations in the world put an end to austerity politics and start asking the people who collapsed the global economy to do more to "heal the world."
Wearing red National Nurses United (NNU) scrubs calling for "an economy for the 99%" and zippy green Robin Hood hats, made for them in Europe, the nurses were joined by Occupy Chicago and thousands of community activists in what may be one of the most colorful demonstrations in days of protests marking the G8 meeting at Camp David and the NATO Summit in Chicago.
99% Spring has Sprung: Shareholder Actions Underway Across the County
Submitted by Mary Bottari on April 29, 2012 - 08:26This spring, in coordinated actions across the country, retirees who lost their pensions, families whose homes are underwater, students with impossible debt, the unemployed and underemployed, family farmers, immigrants, vets and more will be knocking on the doors of corporate boardrooms, holding CEOs of major American firms responsible for crashing the economy then turning their backs on their fellow Americans. With hundreds of shareholders on the inside and thousands of folks on the outside, the largest shareholder demonstrations in U.S.
Wall Street Titans Support Financial Speculation Tax
Submitted by Mary Bottari on March 30, 2012 - 08:54
Top Bank CEOs Express Contrition for Financial Crisis and Willingness to “Pay Their Fair Share”
Washington, DC – On the eve of Tax Day, as millions of Americans are still struggling with hard times and worrying about how to pay the IRS, some of the most prominent players on Wall Street held a press conference announcing that they were stepping up to support a financial speculation tax to “pay their fair” share and help put America back to work.
These titans of Wall Street expressed remorse and shame for collapsing the global economy and putting 8 million Americans out of work and 9 million on the path to foreclosure. They embraced the idea of a small tax on trading both to discourage reckless trading and to bring in hundreds of billions of dollars of revenue that could be put to work rebuilding our economy, creating jobs, preserving Social Security and Medicare, and meeting other urgent needs.
Stress Testing Tim Geithner
Submitted by Mary Bottari on January 26, 2012 - 12:47Thanks to Occupy Wall Street, in the State of the Union this week President Obama struck some of his most populist themes yet. He wants to tax millionaires, bring back manufacturing and prosecute the big banks. He touted his Wall Street reforms saying the big banks are “no longer allowed to make risky bets with customers deposits” and “the rest of us aren’t bailing you out ever again.”
But are we safe from the next big bank bailout?
Scott Walker’s Plutonomy: An Economy for the One Percent
Submitted by Mary Bottari on January 24, 2012 - 10:18While volunteer after volunteer from each of Wisconsin's 72 counties marched into the state's election board to deposit over one million signatures for the recall of Wisconsin Governor Scott Walker, Walker was no where to be found.
At the hour petitions were being deposited on January 17, Mother Jones revealed that Walker was scheduled to attend a high-dollar fundraiser in the heart of the New York's financial district at 339 Park Avenue -- the towering headquarters for global financial giant CitiGroup. The $5,000 per couple fundraiser was hosted by none other than Maurice "Hank" Greenberg, former CEO of AIG.
Walker's choice to be on Wall Street the day of the recall filing is so astounding, for many it goes far beyond the notion of a tin ear. "Walker could not have sent a clearer signal to Wall Street, that he is on the side of the 1 percent ready to do their bidding and take the heat," said Scot Ross of the Wisconsin group, One Wisconsin Now. Ross points to the data his group compiled to support his claim that Walker is constructing an economy that only the 1 percent could love.
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