RECENT NEWS

Job Creators: Bank Of America To Ax 10,000 Or More Jobs

The Associated Press August 19, 2011 Bank of America Corp. is cutting 3,500 employees this quarter and working on restructuring plans that will ax several thousand more jobs, The Wall Street Journal and The New York Times reported citing people familiar with the situation. The reports Friday ... Read more

Is the SEC Covering Up Wall Street Crimes?

By Matt Taibbi Rolling Stone, August 17, 2011 Pete Gardner/Getty Imagine a world in which a man who is repeatedly investigated for a string of serious crimes, but never prosecuted, has his slate wiped clean every time the cops fail to make a case. No more Lifetime channel specials where the murderer is ... Read more

Sen. Grassley: SEC may have covered up bank wrongdoings

 Agence France-Presse August 17th, 2011 — 10:52 pm WASHINGTON — A US senator said Wednesday that the Securities and Exchange Commission may have destroyed thousands of documents related to probes into possible violations by major banks and hedge funds. Senior Republican Senator Chuck ... Read more

Meet Verizon’s Newest Security Force: Blackwater

Santone, August 17, 2011 Wait.  What?  Blackwater?  That private, for-profit, trigger-happy army that killed 17 civilians in Nisour Square in Baghdad in 2007?   Yeah.  THAT BLACKWATER. I have just confirmed with Communications Workers of America (CWA) Local 1104 that Blackwater is indeed being ... Read more

Doing Debt Ceiling Battle the FDR Way

By  Sam Pizzigati Too Much, August 17, 2011 At times of national fiscal crisis, President Franklin Roosevelt ever so firmly believed, you don’t give the awesomely affluent a free pass. You pound them — and then you pound them some more. Against a Congress where zealously rich people-friendly conservatives ... Read more

Stop Coddling the Super-Rich

By WARREN E. BUFFETT New York Times, August 14, 2011 OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched. While the poor and middle class fight for us in Afghanistan, ... Read more