U.S. CENSUS: MEDIAN WHITE HOUSEHOLD WORTH 20X MORE THAN BLACK COUNTERPART
IN 1995, the median white U.S. household was worth seven times as much as its typical black or Hispanic counterpart. Today, the white-to-black household wealth ratio has widened to a jaw-dropping 20:1....
View ArticleU.S. Federal Reserve Secretly Loaned $1,200,000,000,000 in Public Money to...
The U.S. Federal Reserve secretly loaned $1.2 trillion in public money to leading Wall Street firms in an attempt to keep the American economy from entering a depression in late 2008, a Bloomberg...
View ArticleAfter Thousands March on Wall Street Saturday, Protesters Dig in for Long Haul
Last week, New York City mayor Michael Bloomberg presciently cautioned: “You have a lot of kids graduating college who can’t find jobs. That’s what happened in Cairo. That’s what happened in Madrid....
View ArticleFrom Coast to Coast, ‘Occupy Wall Street’ Protests Spreading and Growing...
Too big, and too many, to ignore. That’s how you could describe the ‘Occupy Wall Street’ protests that began three weeks ago in Lower Manhattan, demonstrations which have now spread from coast to coast...
View ArticleCitigroup CEO Vikram Pandit: ‘Occupy Wall Street’ Grievances “Completely...
Another prominent “one percenter” has expressed sympathy for the “99 percenters” of the ‘Occupy Wall Street’ movement. According to the Huffington Post, Citigroup CEO Vikram Pandit said he thinks the...
View Article‘The Moral High Ground’: Federal Judge Jed Rakoff Tosses Proposed $285...
A federal judge in New York has rejected a $285 million settlement between the Securities and Exchange Commission (SEC) and financial services giant Citigroup Monday, a bold move that places the...
View ArticleTreasury Secretary Henry Paulson Warned Hedge Fund Managers About Fannie,...
Henry Paulson, the former Goldman Sachs CEO who served as Treasury Secretary under President George W. Bush, tipped off his Wall Street buddies– including at least five Goldman Sachs executives– that...
View Article‘The Moral High Ground’: Morgan Stanley CFO Ruth Porat Says ‘Raise Taxes on...
The vast majority of millionaires say they want to pay more taxes. Now one of the highest-ranking executives at one of the most powerful Wall Street firms is joining in the call for the richest...
View ArticleFormer Salt Lake City Mayor Rocky Anderson Founds Justice Party, Announces...
The former mayor of the largest city in one of the most conservative states in the nation has formed a new political party and is running for President of the United States as a left-of-Obama...
View ArticleCitigroup Lobbyists Wrote Wall Street Deregulation Bill
Lobbyists for one of Wall Street’s biggest financial firms helped draft legislation exempting banks from new regulations and allowing them to engage in riskier trades. The New York Times reports that...
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