RSS Feed for Wall StreetCategory: Wall Street

Did Mary Schapiro Engage in a Fraud? »

Will we learn in 2012 if Mary Schapiro, current chair of the SEC, and other then senior executives at the Wall Street self-regulatory organization, FINRA, engaged in a fraud? The case addressing this question, Standard Chartered v FINRA, has been appealed to the highest court in our land. As such, one might think that most [...]

Following The Money, All Washed And Clean »

That money would be Mexican drug cartel money all sparkly clean thanks to – wait for it – the DEA. Yes, the DEA, under Holder, has laundered millions – MILLIONS – of dollars for the Mexican drug cartels. How in the hell is Holder, and every single one of the administrators who went along with [...]

It’s Time For OWS Folks To Go Home Already *Open Thread* »

Amazingly, Occupy Wall Street continues to be in the news, though not quite so positively now as more violence erupts in major cities. Not to mention the sexual assaults by OWS men against OWS women coming to light despite the attempts by OWS people to cover it up. Indeed, the polls are showing people are [...]

Crazy Things Being Done By Our Government »

~Bumped up~ That are going to make my head explode. First, news that the ten executives at Fannie Mae and Freddie Mac, which are still operating in the red, and which are largely to blame for the housing crisis, got BONUSES. And I am not talking little bonuses, either. Those ten mo-fos got = and [...]

“We’re Better Now Than We Would Have Been,” So Sayeth Obama *Updated* Open Thread »

Over the past few years, according to Obama. Yes, he really did. He claimed we were better off now. See for yourselves:

Politically Homeless… »

Whether as the result of crony capitalism, monied interests calling the shots in Washington, the myriad broken promises of politicians of both parties, millions of Americans find themselves “Politically Homeless.” According to ABC News’ Amy Bingham, an organization called Americans Elect Aims to Bypass Parties with Online Presidential Nomination. Neither party is anxious to undo [...]

Oscar Winner Charles Ferguson Rips Wall Street and Washington »

“Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that’s wrong.” With those words on Sunday evening, Charles Ferguson, the winner of the Academy Award for Best Documentary for his film Inside Job, did [...]

On the Relative Wisdom of Insulting People You Want to Vote for You »

* Bumped Up * With the mid-term elections five weeks away, it’s desperation time. President Obama scolds voters for “apathy,” and for “not being serious in the first place,” VP Biden tells them to “stop whining,” and Senator John Kerry pronounces voters ill-informed on the issues, i.e. stupid. One has to wonder if that is [...]

SEIU Thugs Take On A 14 Year Old Boy – UPDATED x2 »

I have often mentioned SEIU, the union co-founded by ACORN’s founder, Wade Rathke. That really should tell people as much as they need to know. Of course, there is more, though. SEIU’s recently resigned director, Andy Stern, has been a frequent visitor at the White House. And yes, SEIU helped to get Obama elected. The [...]

In Growing Numbers, We Feel Alienated from Our Own Government – Peggy Noonan and Jane Hamsher Explain … »

If anyone wonders why 24% of the population identify with the Tea Party movement, or what prompted Jane Hampsher of FireDogLake to note that Progressivism Is Dead, while expressing fury at being sold out to corporate oligarchs and government elite, look no further than Peggy Noonan’s WSJ piece, The Big Alienation, which aptly describes the [...]

President Obama Wants YOU to Make Hard Choices »

President Obama made a visit to Ottumwa, Iowa Wednesday. As reported by Jake Tapper on ABC’s Political Punch: “We’re going to have to make some tough choices” about the deficit and national debt, President Obama said to a crowded gymnasium full of supporters at Indian Hills Community College, after a lengthy riff on how the [...]

Giving New Meaning To The Term, “Bully Pulpit” »

Yet another crack in the Obama devotion from many in the MSM is surfacing. My colleague, Linda Anselmi, came across this article recently, and passed it on. This time, the focus is Obama’s bullying tendencies. This is not a new concept to me – I have been writing about what a bully Obama is since [...]

Republican Senator Wants Failed Company Executives To Give Back Their Dough… »

ABC’s Jake Tapper covers an interesting proposition from Republican Senator Bob Corker on financial reform for Wall Street — he wants a “clawback provision” forcing failed executives who have driven companies into the red to give back their earnings for the past five years. Loving it!!! Read how Austan Goolsbee, one of Obama’s chief economic [...]

This Testimony Could Be A Game Changer »

As Goldman Sachs continues to be in the news, this revelation could affect the SEC’s charges (h/t to HelenK for alerting me to this ): Testimony Could Undercut SEC Charge Against Goldman The government has testimony from a Paulson & Co. official that could contradict its own claims against Goldman Sachs, CNBC has learned. Paolo [...]

Obama, Goldman Sachs, and Reform? »

Goldman Sachs has been in the news a bit lately, and with good reason. As Larry Doyle has detailed, the SEC filed a civil suit against Goldman Sachs last week for fraud. Obama is trying to use this recent lawsuit as a way to increase restrictions against Wall Street. And as this LA Times article [...]