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Business

SEC Porn Probe: Staffers Watched Porn As Economy Crashed
Business  (tags: Charles Grassley, Financial Crisis, Goldman Sachs, Images, Inspector General, Internet, Movies, Pornography, Recession, Regulation, Sec, Securities And Exchange Commisison, Sex, Business News )

Judy
- 1859 days ago - huffingtonpost.com
Senior staffers at the Securities and Exchange Commission spent hours surfing pornographic websites on government-issued computers while they were being paid to police the financial system, an agency watchdog says.
Foreclosure Rates Surge: Banks Catch Up To Backlog, US On Pace To Hit 1 Million Repossessions In 2010
Business  (tags: Banks, California, Financial Crisis, Florida, Foreclosure Rate, Mortgages, Nevada, Obama, Predatory Lending, Real Estate, Realtytrac, Repossession, Subprime Mortages, Unemployment, Us Foreclosures, Wall Street, White House, Business News )

Judy
- 1867 days ago - huffingtonpost.com
A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.
Why Are 25 Hedge Fund Managers Worth 658,000 Teachers?
Business  (tags: Billionaires, Financial Crisis, Financial Reform, Hedge Fund Managers, Hedge Funds, Tax Cuts, Teachers, Unemployment, Business News )

Judy
- 1872 days ago - huffingtonpost.com
In 2009, the worst economic year for working people since the Great Depression, the top 25 hedge fund managers walked off with an average of $1 billion each. With the money those 25 people "earned," we could have hired 658,000 entry level teachers.
Top Fed Official Says Megabanks Need To Shrink Or Crises Will Keep Occurring
Business  (tags: Community Banks, Derivatives, Federal Reserve, Federal Reserve Bank Of Kansas City, Financial Crisis, Financial Reform, Kansas City Fed, Main Street, Megabanks, Regulatory Reform, Tbtf, Thomas Hoenig, Too Big To Fail, Volcker Rule, Wall Street )

Judy
- 1889 days ago - huffingtonpost.com
The U.S. financial system is tilted in favor of the biggest banks, compromising the "very foundation of the economic system" and putting the nation at risk of continued crises, a top Federal Reserve official said Wednesday.
The Financial Doomsayers Inherit The Earth (SLIDESHOW)
Business  (tags: Economy, Financial Crisis, Financial Doomsayers, Nouriel Roubini, Business News )

Blue
- 2232 days ago - businessinsider.com
The financial crisis has turned bearish pundits into media stars...We've scored them all on a 1-100 scale to help you know which ones have the scariest views
Bailouts and Bonuses : Mad As Hell And Not Going To Take It Anymore!
Business  (tags: Backlash Against Bailout, Bailout Backlash, Economy, Financial Crisis, Larry Summers Geithner, Obama Geithner Bailout, Populist Backlash, Politics News )

Blue
- 2262 days ago - nytimes.com
White House Bracing For Populist Bailout Backlash... Disclosure That AIG Gave Out Millions In Bonuses Is Latest Episode "Feeding A Resurgence Of Public Anger"
Bank Of America CEO To Be Grilled Over Bonuses: Who Approved $3.6 Billion Payout?
Business  (tags: Bank Of America, Bank Of America Bonus, BofA Bonuses, Economy, Financial Crisis, Ken Lewis, John Thain, Merrill Lynch, American taxpayers, Business News )

Blue
- 2280 days ago - huffingtonpost.com
Lewis is set to be confronted by the lawyers for New York Attorney General Anthony Cuomo this afternoon over his statements that he had "no authority" over $3.6 billion in bonuses paid to Merrill Lynch executives last December. Lewis and Thain DEAL!!!!
Goldman CEO Blankfein Acknowledges "Broad Public Anger" At Wall Street
Business  (tags: Blankfein Acknowledges "Broad Public Ang, Broad Public Anger, Financial Crisis, Goldman Sachs Broad Public Anger, Lloyd Blankfein, Wall Street, Home News )

Blue
- 2295 days ago - bloomberg.com
CEO Lloyd Blankfein, acknowledging "broad public anger" at the financial industry, said many people think "Wall Street lost sight of its broader public obligations." ...is "committed" to restoring "stability and vitality" to the financial industry
Blaming the Victims: Heroic American Consumers
Business  (tags: Borrowing Money, Consumer Spending, Consumption, Credit, Debt, Easy Money, Financial Crisis, Food Stamps, Foreclosure Crisis, Great Depression 2.0, Unemployment, Wages, Business News )

Blue
- 2297 days ago - huffingtonpost.com
High levels of debt and consumption were not the result of millions of individual decisions by consumers. They were the result of a deliberate economic 'regime change' in the 1970s.
AP: Bailed Out Banks Sought Thousands Of Foreign Workers For High-Paying Jobs
Business  (tags: Bailout Banks Sought Foreign Workers, Banking Bailout, Banks Bailout, Banks Sought Foreign Workers, Economy, Financial Bailout, Financial Crisis, Recession, Business News )

Blue
- 2304 days ago - huffingtonpost.com
The dozen banks now receiving the biggest rescue packages, totaling more than $150 billion, requested visas for more than 21,800 foreign workers over the past six years for positions that included senior vice presidents, corporate lawyers.....
CEOs Boosting Their Pensions While Workers Pensions Go Poof
Business  (tags: American Greed, CEO Greed, Ceos, Class Warfare, Corporate Greed, Economic Crisis, Economy, Financial Crisis, Greed, Jobs, Money, Pensions, Recession, Recession Fears, Working Life, Business News )

Blue
- 2310 days ago - huffingtonpost.com
CEOs are getting major boosts in their pensions, while the pensions of most Americans have either disappeared or take a major hit.
Gauging The Crisis: How Deep Are We : Knee-Deep, Waist-Deep or Neck-Deep And Rising?
Business  (tags: Economy, Fear Index, Finance, Financial Crisis, Gauging The Crisis, How Bad Is The Crisis, Personal Finance, Vix, Volatility Index, Business News )

Blue
- 2399 days ago - huffingtonpost.com
WSJ looks at several indicators in a story today, all of which economists use to attempt to predict the prevailing moods and future actions of driving economic factors.
Regional Banks Get Treasury Money
Business  (tags: Bailout, Bailout Plan, Banks, Capital One Financial, Economy, Federal Reserve, Finance, Financial Crisis, Henry Paulson, SunTrust Banks, Treasury Department, Bush, Bernanke, Paulson, Republicans, Neocons, PNAC, bank failures, Business News )

Blue
- 2401 days ago - huffingtonpost.com
MarketWatch: The biggest of the banks were planning on using some of the bailout money to buy smaller banks rather than rewrite loans and save borrowers. They are actually and boldly planning to use taxpayer dollars to finance their Merger and Acquisition
Still Have a Job? Hundreds of Thousands Are Losing Them
Business  (tags: unemployment, jobs, economy, financial crisis, layoffs )

RC
- 2403 days ago - nytimes.com
Merck, Yahoo, General Electric, Xerox, Pratt & Whitney, Goldman Sachs, Whirlpool, Bank of America, Alcoa, Coca-Cola, Detroit automakers & nearly all airlines: these are the companies that are about to cut thousands of jobs. Unemployment 6.1% & rising.
Saving the Motor City: Can It Be Done?
Business  (tags: Detroit, GM, Chrysler, Ford, Hona, UAW, autro industry, financial crisis )

RC
- 2404 days ago - online.wsj.com
Insightful look at how and why America's auto industry ended up where it is, perilously close to self-destruction, and what can be done to save it.

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