The New York Times points out the discrepancy between what banks pay in salary vs. what they produce for their shareholders in this article. Here are excerpts (emphasis ours): Finding the winners on Wall Street is usually as simple as looking at pay. Rarely are
NPA affiliate Iowa Citizens for Community Improvement held a “Showdown in Des Moines” on Tuesday: Wells Fargo just announced record-breaking profits, we expect another big bonus year while the rest of us face cuts. Hundreds of members of Iowa Citizens for Community Improvement (CCI) went
The New York Times published this editorial supporting President Obama’s proposal to break up the big banks. Here is an excerpt: In calling for new limits on the size and activities of big banks, President Obama has given the effort to enact serious financial regulatory
Visit the Sojourners website to download the first chapter of Reverend Wallis’s new book, “Rediscovering Values: On Wall Street, Main Street, and Your Street.” Watch him on the Daily Show below: The Daily Show With Jon Stewart Mon – Thurs 11p / 10c Jim Wallis
Wall Street has quickly rediscovered the virtues of mammoth paychecks. Why hasn’t there been more financial reform? By ALAN S. BLINDER I hear Gordon Gekko is making a comeback. So is greed. They say markets are alternately ruled by greed and fear. Well, our panic-stricken
The Hartford Courant published this op-ed in support of the CFPA. Here is an excerpt: Just over 100 years ago, Upton Sinclair‘s expose “The Jungle” shocked the American public with lurid details of Chicago’s unsanitary meat industry. Shortly thereafter the nation’s first food safety laws
AFR friend Mary Bottari posted this response to the FCIC hearings at www.Banksterusa.org. The top bankers that were called to testify before the independent Financial Inquiry Crisis Commission in Washington today touched on the drama of the September 2008 financial crisis. They complained of nervous
An event at the Center for American Progress In the aftermath of regulatory failures that led to an unprecedented global financial crisis, the rules of the road are being rewritten. The House of Representatives passed legislation late last year and the Senate Banking Committee is
Banks are bracing for outrage, not just from the public but from their employees as well. Dan Pedrotty of the AFL-CIO shares insight in this video.