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Financial News

January 10, 2010

How Main Street Got Shafted While Wall Street Bounced Back
By Robert Reich, Robert Reich's Blog.

Unless you work on Wall Street, you've probably had a hard year. Don't expect 2010 to be any better.

November 26, 2009

The Vampire Banks Are Back: Will There Ever Be Meaningful Financial Reform?
By Dean Baker, CounterPunch.

The halls of Congress are infected with financial industry lobbyists looking to block necessary changes to our broken financial system.

November 1, 2009

Former Wall Street Player Reveals the Inside World Behind Shady Bailouts to Bankers
By Joshua Holland and Nomi Prins, AlterNet. Posted October 30, 2009.

An interview with Prins, former managing director at Goldman Sachs, now a razor-sharp financial muckraker and author of the new book, "It Takes a Pillage."

October 20, 2009

Bonus Bandits: Why Are Bank Execs Making a Killing in the Midst of Catastrophe?
By Sam Pizzigati, Too Much: A Commentary on Excess and Inequality.

Welcome to post-meltdown America. One year and counting after last fall’s high-finance collapse, average Americans are reeling and Wall Street is rejoicing.

October 5, 2009

Secret Plan to Ditch the U.S. Dollar's Dominance Uncovered
By Robert Fisk, Independent UK.

Arab states have launched a secret plan with China, Russia and France to stop using the US currency for oil trading.

September 24, 2009

Our Oil Addiction Is About to Make Life a Lot Nastier
By Michael T. Klare, Tomdispatch.com.

The great age of renewable energy is in our distant future. Before then, energy prices will rise, environmental perils will multiply and conflict will grow. Buckle your seatbelts.

September 23, 2009

Barack Obama Must See Michael Moore's New Movie (and So Must You)!
By Arianna Huffington, Huffington Post. Posted September 21, 2009.

"Michael goes directly to the beating heart of the economic crisis ... The knot in your stomach starts to tighten -- and the outrage starts to build."

September 2, 2009

There's a Bubble That Still Threatens the Entire American Economy ... and Few Are Talking About It
By Sarah Anderson and Sam Pizzigati, AlterNet.

July 28, 2009

It's Not Hard to Be a Job-Slashing, Pension-Grabbing CEO -- If You're a Sociopath
 By Thom Hartmann, Smirking Chimp.

CEOs in America pull in the big bucks because there's a shortage of people willing to destroy the lives of many other human beings.

July 21, 2009

Summers Urges Banks to Lend More, Says Growth Pace "in Doubt"
 by: Scott Lanman and Edwin Chen

  White House National Economic Council Director Lawrence Summers chastised some banks that received government aid for not doing enough

July 20, 2009

The Bank Lobby's Insane Assault on Consumer Protection
By Zach Carter, AlterNet.

Even after causing millions of foreclosures and the worst recession since the 1930s, the bank lobby is still trying to screw us.

Big Bankers Mounting Sneak Attack on Consumers

By Jim Hightower, AlterNet. Posted July 10, 2009.

The largest banking chains are going out of their way to stiff us.

Credit Card Companies Using Data Profiling To Cut Consumer's Credit

In response, one frustrated consumer named Kevin Johnson has created a website to help consumers figure out what spending behaviors cause credit limits to be cut.  So what spending behaviors are risky? The website lists using your card at a bar, getting your tires retreaded, getting a cash advance, or using your card at Quiznos, Exxon and McDonalds. Johnson’s advice?

Watch where you shop and what you purchase. And when you're in doubt? Use cash.

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