Wall Street donors are giving more money to Democrats than Republicans for the first time in a decade. The news will be a significant cause of concern for the GOP and the President. Major Wall Street banks, real estate firms, securities firms and employees have donated more money to Democratic candidates in this election cycle…
President Donald Trump has courted significant controversy since announcing he will look into loosening federal guidelines for social distancing and urge businesses to reopen even as the nation grapples with the coronavirus pandemic. “Our country wasn’t built to be shut down,” Trump said during a briefing at the White House. “America will, again, and soon,…
Over the past weekend, in an effort to inject a boost to an already fragile economy and stock market, the Federal Reserve dropped interest rates down to zero percent. It was a demand that President Donald Trump had frequently made of the Fed for several months. In recent weeks, Trump also implied that the move…
In spite of deeply held concerns from medical professionals and the business world alike, President Donald Trump appeared to mock the worries posed by the spread of COVID-19, or coronavirus, around the globe and within the United States. After a tremendous drop in stocks on Monday morning , brought about by concerns of coronavirus in…
Wall Street stock markets dropped so precipitously on Monday’s opening bell that a 15-minute delay in all trading conducted was triggered. Such a trigger happens on trading when the S&P 500 dips below 7 percent from its previous close, Bloomberg reported. If the rate drops down to 20 percent below its previous close, Wall Street…
The wealth taxes Democratic presidential candidates Elizabeth Warren and Bernie Sanders have proposed continue to provoke the malice of Wall Street, corporate democrats, and now even other Democratic candidates running for president. As I have written in PoliticusUsa.com (here and here), the intensity of the energy devoted to this criticism, combined with the lack of…
Republicans in the House of Representatives are about to dismantle financial reforms enacted by President Obama after the Great Recession.
Even when Barack Obama isn’t in the White House, Republicans in Congress are trying to bring him down.
Trump conned coal miners in order to win the White House, but Ohio Sen. Sherrod Brown promises not to let him get away with it.
Now we know why many of Trump’s proposals, from his disastrous health care legislation to his proposed budget cuts, would hurt the “little guy” and benefit the wealthy.
Wall Street executive Steve Mnuchin was officially sworn in as treasury secretary on Monday.
“In 2007 I was alarmed and called for addressing risks of derivatives, cracking down on subprime mortgages and improving financial oversight.”
Instead of adhering to the new Obama Department of Labor rule, AIG is selling the AIG Advisor Group to a Canadian pension investment manager
Democratic presidential candidate Bernie Sanders laughed out loud at Wall Street’s attempt to blame his presidential candidacy for the drop in global markets.
Cruz’s actions, which his spokesperson now claims were “inadvertant,” show that he is a hypocrite as well as dishonest
Clinton warned us a year before the true nature of Wall Street and the financial sector’s malfeasance manifested in a worldwide recession
Hillary Clinton took aim at Wall Street’s dark influence over D.C. by supporting Sen. Tammy Baldwin’s bill to end the revolving door enabled by golden parachutes.
For Florida taxpayers, their trust in then-Governor Jeb Bush to protect their lifelong pension savings was wasted when he forged a highly-profitable relationship with Lehman Brothers that made Lehman and Bush millions. That special relationship was ultimately a certifiable disaster for Florida public employees.
Bernie Sanders did something that no other politician does. The Democratic presidential candidate went on CNBC and criticized the sick greed of Wall Street.
Nearly seven years after the American economy foundered under the worst global recession since World War II, it seems nothing much has changed with regard to the behavior of those that brought us collectively to the brink.
Bernie Sanders reacted to the news that the big banks pled guilty to manipulating currency markets by blunting saying that fraud is the business model on Wall Street.
Wall Street is openly worrying that Bernie Sanders is pushing Hillary Clinton to the left by calling for the biggest banks in America to be broken up.
Sen. Bernie Sanders is taking on Wall Street directly with a new bill that would break up the nation’s “too big to fail” banks.
Before a packed room in a Manhattan Barnes & Noble bookstore, Massachusetts Senator Elizabeth Warren (D) refused to back off her criticism of Wall Street, after some of the big banks hinted that they could withhold campaign funds from Senate Democrats.
Sen. Elizabeth Warren’s (D-MA) impact on Senate Democratic leadership is quickly being felt, as the nation’s largest banks are considering pulling their donations from Senate Democratic campaigns.
Have we really reached the point where asking the wealthy to pay their fair share of taxes is a form of vilification?
On the evening before officially taking control of Congress, Republicans launched a Koch-Wall Street attack on Social Security as a first step in another Republican-created crisis; this time to hasten privatizing Social Security for the Kochs and Wall Street.
If the President simply adjusted the salary threshold for inflation since it was last raised in 1975, it would be a more significant income increase for over 10 million low and low middle-class American workers that raising the hourly wage to $15 per hour for the rest of the poverty-wage workforce.
Context is everything, and in willfully misrepresenting the past, Republicans create a false premise upon which to build their plans for the future
This is the class war billionaire Warren Buffet admitted his class was winning, and if any American doubted that the Kochs or Wall Street would stop at robbing retired people’s incomes to satisfy their absolute greed, they are fools
Chris Christie is no stranger to questionable ethics and corruption, and although helping financial institutions profit to the tune of nearly a billion dollars to “manage” state pension funds may not be illegal, it is an atrocity New Jersey residents should be up in arms over; particularly because that is about how much Christie cut from New Jersey’s education fund.
Home Depot founder Ken Langone complained that the Pope is being mean to rich Americans because unlike rich people in other countries, American rich people are benefactors.
In Republican parlance, when they say “what the people want,” they mean their wealthy benefactors the Koch brothers, ALEC, and Wall Street who are the “American people” to Republicans.
Ted Cruz has been compared to a lot of things lately. However, a comparison to a monomaniacal mouse from a 1990s cartoon suits him best.
The GOP’s debt ceiling demands are a composite Ryan budget, Koch policy meeting demands,”and ALEC social policy reform package all rolled into one ransom note, and the people are the big losers.
Because President Obama is pushing for more financial regulation and reform, Wall Street is going all in on Mitt Romney and the Republican Party. Now Obama is fighting back.
Senator Sanders explained in a few seconds why, in the wake of JP Morgan’s Jamie Dimon’s preschool gambling, the banks need to be broken up and regulated.
If presidential hopeful Willard “Mitt” Romney wins the nomination and presidency, he promises to be the hero that destroys Social Security.
Republicans have proffered the notion that American workers, the poor, and retired people are robbing wealth from the 1% that Republicans refer to as the “job creators.”
There has been a lot of deserved talk about the three legs of corporatism: the right wing message machine, religious fundamentalists, and corporate billionaire funding. However, not as much has been said about Wall Street’s overarching contribution: its creeping dominance over our economy and how its amoral philosophical values have seeped into every part of our culture.