banksters

Only a former Goldman-Sachs executive who has never held elected office and supervised the bank bailout under George W. Bush would have the hubris to survey a landscape rife with inequality, a shrinking middle class, and a 21.5% high school drop-out rate and think, “gee, I am exactly what the state of California needs right now: a job-creator and […]

Liz Warren came to Washington to kick ass and chew bubblegum, and she is ALL OUT OF BUBBLEGUM. Would you like to watch her tear into regulators about wrongful foreclosures? Specifically: why no one knows exactly how many people were wrongfully foreclosed on, and also, why wrongfully foreclosed upon people may have gotten as little […]

Every day, we wake up thinking that we cannot possibly dislike the banks (and their enablers) more than we did them the day before, and most of the days we are right, and our fear and loathing glides along on a steady keel. But once in a while we are proven wrong and learn of […]

Hi Lizzz! HIIIIIII! WE LOVE YOU!!!! Why? Well, in addition to the usual reasons, Ben Bernanke appeared in front of the Senate Banking Committee yesterday, and Elizabeth Warren basically asked him stuff like: Why is everything still so horrible, Ben? Why are you doing absolutely nothing to fix anything, Ben? Why are you just standing […]

Well that was fast! The media has already, as Hamilton Nolan astutely predicted, turned on Greg Smith, the former Goldman Sachs analyst turned writer. You might remember Greg Smith from the scathing Op-Ed he wrote in the New York Times back in April, announcing his resignation from Goldman Sachs and revealing that their corporate culture […]

It’s 2008, and some of the Brightest Minds in the nation have gathered at our nation’s capital order to prevent global economic collapse. The bankers arrive, and they immediately begin asking what they can do to help the country’s homeowners, many of whom will soon find themselves facing foreclosure. Ha! Ha! Ha! No, stupid, they […]

Oh LOOK who’s had a change of heart. Citibank ex-CEO Sandy Weill, architect of too big to fail and self-described shatterer of Glass Steagall, that’s who. Apparently — and it took him 40 years to realize this — it’s not a great idea to have unregulated behemoth financial institutions offering retail banking as well as […]

Oh HI, rapidly aging baby boomers! How is that retirement planning coming? From what we hear, not so hot! Perhaps if America’s baby boomers had been as smart as Mitt Romney and found a way to siphon $100,000,000 (ONE HUNDRED MILLION) into an IRA (individual retirement account to you young ones) in spite of strict […]

The Senate Permanent Subcommittee on Investigations said on Wednesday that Goldman Sachs “misled investors selling mortgage-backed investments it knew would fail” and that executives from the bank had also “misled Congress in a testimony given in 2010.” And now all the thieving, lying bankers who ruined America will be sent to Bagram Fun Palace. Just […]