Category Archives: Wall Street

Half-Full or Half-Empty?

Which America Do You Live In:  Newsweek’s SuperCountry or Robert Reich’s Stalled “Tinder-Box”? by Arlen Grossman Newsweek’s May 7 cover reveals a man’s shirt ripped off to reveal Superman–with a big “$” on his chest instead of an “S”–and the … Continue reading

Posted in Economics, economy, employment, finance, government, inequality, labor, politics, poverty, Wall Street | Tagged , , , , , , , , | Leave a comment

Millions of Americans Suffering From OLS

OBAMA LETDOWN SYNDROME (OLS): NO CURE ON THE HORIZON  by Arlen Grossman/ The Big Picture Report Do you feel Angry? Frustrated?  Cynical? Hopeless?  If your politics lean liberal/progressive, you are not alone with these nagging symptoms. You may be suffering … Continue reading

Posted in Afghanistan, Barack Obama, civil liberties, Democratic Party, Economics, economy, elections, foreign policy, government, inequality, Occupy, politics, protests, Republican Party, taxes, Wall Street, war | Tagged , , , , , , , , , , , | 2 Comments

How Mitt and His Partners Get Rich–And How We Pay For It

In less than three minutes, Robert Reich explains how capital equity partnerships, like Bain Capital, game the system–and how the rest of us end up holding the bag.

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How Lehman Brothers Cheated While U.S. Regulators Looked the Other Way

60 Minutes: The Case Against Lehman Brothers Steve Kroft, on CBS’s 60 Minutes last Sunday, examines (1) how the Lehman Brothers fudged numbers, evaded detection and slipped into bankruptcy, helping trigger a worldwide financial collapse, (2) how their accounting firm Ernst … Continue reading

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Wall Street & High Gas Prices

My letter to the Editor in today’s Monterey County Herald: So who’s to blame for the spike in gas prices? Their names should sound familiar. Among the major culprits are the same financial behemoths that caused the world economic meltdown four … Continue reading

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Anybody See a Trend here?

Read America’s 10 Most Overpaid CEOs/ Mother Jones

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BPR Quote of the Day: “Return Fraud to Wall Street In One Easy Step Act”

“Once again, the Puppets on Capitol Hill are about to slam the Muppets on Main Street. The country still hasn’t recovered from the Wall Street-induced financial cataclysm of 2008, yet Congress is preparing to enact the Orwellian ‘JOBS Act‘—a bill that should … Continue reading

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