Working Life

You don’t have to look further than the utterly pathetic game of repeated “stay-out-of-jail” cards handed the global banker elite to understand why people are pissed—whether in the U.S., Greece or pick a country. Time after time, the guys who cratered the economy, and robbed people of their jobs and wealth, are given a pass […]

Read the full story

Gupta. Rajaratnam. Blaring headlines are a potentially dangerous distraction from the truth: the bankers responsible for the economic catastrophe that wiped out millions of jobs and trillions of dollars in wealth are still free and clear, reaping tens of millions of dollars more and laughing all the way to next purchase of a yacht or […]

Read the full story

  Every day that passes, I get the sense that the people who run the big banks are even more brazen in their view that we, the people of the country, are just sharecroppers on their financial plantations. We work, we give–and they take and take…and, then, when they are done with us, we get […]

Read the full story

   I get ginned up as much as the next person when I read about any government action against the financial institutions that robbed millions of people of their jobs and retirement–and their dignity and respect. But, in some way, this is a game.    Unless the heads of these institutions go to jail, nothing […]

Read the full story

   What has been extraordinary to watch over the past 30-40 years is the way in which, when economic crisis strikes, the political and economic leadership of the country leaps into the breach to lend a hand–not to the regular people who suffered the most but, rather, to the very institutions and economic elites who […]

Read the full story

    I’ve maintained for a long time that the civil fines levied against Goldman Sachs ($550 million) and J.P. Morgan ($153 million) for their roles in the financial crisis scam amounted to peanuts–costs that will be ultimately passed on to consumers and shareholders. If a financial executive could aid and abet a massive fraud and […]

Read the full story

    The answer to this question would appear to be obvious. But, it needs constant reinforcing–as you will see from the debate (if you can call it that) last night between yours truly and Larry Kudlow and a stooge from the right wing. It’s almost laughable and entertaining–if the consequences weren’t so dire. The subject […]

Read the full story

    Excuse me while I yawn and shrug at the same time. Here we go again–a sign that nothing truly has changed and we can just sit back and prepare for the next financial implosion. The SEC has agreed to let J.P. Morgan off with a slap on the wrist to the tune of $153 […]

Read the full story

   I mean, this is pretty funny–except it’s pathetic, bizarre and, ultimately, gives all of us a great window on the "they haven’t learned anything" culture on Wall Street and the business world in general. Jamie Dimon, CEO of J.P. Morgan (and the Ten of Hearts in the 52 deck-of cards Audacity of Greed), is […]

Read the full story

Want to know where $40 billion of your taxpayer-financed bailout for bankers is going? Into the pockets of their executives. And that evidence comes straight from a hard-hitting piece in today’s Wall Street Journal.   The Wall Street Journal piece is entitled "Banks Owe Billions to Executives". It is written by Ellen Schultz, one of […]

Read the full story