News And Information On Wall Street, The Crooks That Run It, The Money Wall Street Uses To By Politicians And Coverage Of The People Standing Up To This Greed And Corruption
Monday, October 31, 2011
Saturday, October 29, 2011
Friday, October 28, 2011
CHART: Typical Hourly Wage Went Up Just $1.23 In The Last 36 Years
CHART: Typical Hourly Wage Went Up Just $1.23 In The Last 36 Years: pOur guest blogger is Laura Pereyra, special assistant for communications at the Center for American Progress Action Fund. In a speech yesterday, House Budget Committee Chairman Paul Ryan (R-WI) claimed that President Obama created “class resentment” by calling for slightly higher taxes on the wealthiest Americans. At the same time, Occupy Wall Street protesters continue [...]/p
Tuesday, October 25, 2011
BREAKING: Oakland Police Use Rubber Bullets, Flash Grenades, And Smoke Bombs To Evict Occupy Oakland
BREAKING: Oakland Police Use Rubber Bullets, Flash Grenades, And Smoke Bombs To Evict Occupy Oakland: pLate last night, Oakland police, under orders from the city, began surrounding the Occupy Oakland encampment in preparation to oust the protesters from Frank Ogawa Plaza. Approximately an hour ago, hundreds of Oakland police officers raided the camp. Dressed in riot gear, the police used rubber bullets, flash grenades, and gas canisters to forcibly evict [...]/p
Monday, October 24, 2011
Sunday, October 23, 2011
Saturday, October 22, 2011
CHART: How Income Inequality Skyrocketed And The 1 Percent Profited From The Decline Of Unions
CHART: How Income Inequality Skyrocketed And The 1 Percent Profited From The Decline Of Unions: pThis evening, House Majority Leader Eric Cantor (R-VA) will give a speech at the University of Pennsylvania’s Wharton School of Business about how to address income inequality, likely trying to capitalize on the 99 Percent Movement he once derided as unruly “mobs.” Although exactly what policies Cantor will suggest to deal with this social problem [...]/p
Big Banks Keep Paying A Pittance To Settle Fraud Charges
Big Banks Keep Paying A Pittance To Settle Fraud Charges: pThis week, Citigroup announced that it had settled with the Securities and Exchange Commission over charges that the mega-bank misled investors in a derivatives deal and then bet against them. Under the terms of the settlement, Citi agreed to pay $285 million. Citi is not the first bank to settle these sorts of charges with [...]/p
Thursday, October 20, 2011
The Chamber Spends More Than $4 Million In Just Three Months Lobbying For Corporate Immunity To The Law
The Chamber Spends More Than $4 Million In Just Three Months Lobbying For Corporate Immunity To The Law: pLobbying disclosure forms for the third quarter of 2011 are due tonight, and corporate America’s tort reform lobby has so far topped the list of the most profligate spenders. According to Politico: More than two dozen companies, trade associations and lobby shops are reporting paying out more than $1 million on lobbying over the past [...]/p
Wednesday, October 19, 2011
Tuesday, October 18, 2011
Richard Fisher Wants To Make You Poor
Richard Fisher Wants To Make You Poor: pRichard Fisher is president of the Dallas Federal Reserve. As such, he has the power to make a depressed economy grow faster or slower. His preference is to make it grow slower, increasing unemployment and financial pressure on your family: Federal Reserve Bank of Dallas President Richard Fisher said the Fed’s recent moves are giving [...]/p
Monday, October 17, 2011
Sunday, October 16, 2011
Saturday, October 15, 2011
Requiring Privately Owned Public Spaces Is A Recipe For Bad Public Spaces And Too Few Buildings
Requiring Privately Owned Public Spaces Is A Recipe For Bad Public Spaces And Too Few Buildings: pThis is of course not the main issue in Occupy Wall Street, but over at The Atlantic Cities, I have a post about the Privately Owned Public Spaces regulation scheme that lets property owners get a “density bonus” if they create a private park that’s open to the public. My preference, as I’m sure you [...]/p
Friday, October 14, 2011
Thursday, October 13, 2011
NEW ANALYSIS: The Three Things You Need To Know About Herman Cain’s 999 Plan
NEW ANALYSIS: The Three Things You Need To Know About Herman Cain’s 999 Plan: pOur guest blogger is Michael Linden, Director of Tax and Budget Policy at the Center for American Progress Action Fund. Herman Cain’s 999 plan was the star of the GOP’s primary debate this week, and with the increased attention has come increased scrutiny. Cain has been slow to let the details of his plan dribble [...]/p
Wednesday, October 12, 2011
Health Insurers Fight To Hide Rate Increases From The Public
Health Insurers Fight To Hide Rate Increases From The Public: pHealth insurance companies planning sharp increases in premiums for their New York customers have submitted memos justifying their rate increases to state officials. However, they are fighting to keep those memos from the public, saying they contain trade secrets and that consumers wouldn’t be able to understand them. Benjamin Lawsky, the state superintendent of financial [...]/p
Monday, October 10, 2011
Journalists Funded By ‘Vulture Capitalist’ Paul Singer Campaign To Smear Wall Street Protests
Journalists Funded By ‘Vulture Capitalist’ Paul Singer Campaign To Smear Wall Street Protests: pThe campaign the marginalize and destroy the growing 99 Percent Movement is in full swing, with many in the media attempting to smear the people participating in the “occupation” protests across the country. However, several of the so-called journalists deriding, and in some cases sabotaging the movement, have paychecks thanks to a billionaire whose business [...]/p
Sunday, October 9, 2011
Conservative Writer Admits ‘Infiltrating’ 99 Percent Movement To ‘Mock And Undermine’ It
Conservative Writer Admits ‘Infiltrating’ 99 Percent Movement To ‘Mock And Undermine’ It: pAn assistant editor with a right-wing magazine admitted in a column Saturday evening to posing as part of the 99 Percent Movement in D.C. “in order to mock and undermine” it. Patrick Howley, an assistant editor for the American Spectator, was committed enough to his deception to be at the vanguard of a demonstration that [...]/p
Saturday, October 8, 2011
99 Percenter Rebukes Corporate Fronts Like FreedomWorks, But Welcomes Regular Tea Party People
99 Percenter Rebukes Corporate Fronts Like FreedomWorks, But Welcomes Regular Tea Party People: pThis week, the 99 Percent Movement arrived in Sacramento as crowds gathered in Cesar Chavez Park. Dubbed OccupySacramento, the rally swelled to several hundred in a scene reminiscent of recent events from as far as Orlando, Boston, and Wichita. ThinkProgress spoke to several participants at the OccupySacramento rally. Mark Bradley, a local resident holding a [...]/p
Friday, October 7, 2011
Despite 14 Straight Months Of Public Job Loss, Republicans Continue To Block Obama’s Jobs Plan
Despite 14 Straight Months Of Public Job Loss, Republicans Continue To Block Obama’s Jobs Plan: pHopes were not high today for this month’s jobs report after the economy appeared to net exactly zero jobs in August. While the numbers beat expectations, the story behind them reveals a pervasive trend in public sector job loss that Republicans seem committed to ignoring. In August, the Bureau of Labor Statistics reported that the [...]/p
CNBC Talking Heads: Wall Street Protesters Are ‘Freaks,’ ‘Anti-American,’ ‘Bizarre’
CNBC Talking Heads: Wall Street Protesters Are ‘Freaks,’ ‘Anti-American,’ ‘Bizarre’: pThe Occupy Wall Street protest that began in New York City more than three weeks ago has sparked an entire movement, based on the principle that the economy should work for everyone, not simply the richest one percent. At a time when income inequality and corporate profits are running sky high, right alongside joblessness and [...]/p
11 Facts You Need To Know About The Nation’s Biggest Banks
11 Facts You Need To Know About The Nation’s Biggest Banks: pThe Occupy Wall Street protests that began in New York City more than three weeks ago have now spread across the country. The choice of Wall Street as the focal point for the protests — as even Federal Reserve Chairman Ben Bernanke said — makes sense due to the big bank malfeasance that led to [...]/p
Thursday, October 6, 2011
Tea Party Senator Proposes Permanent Tax Giveaway To Multinational Corporations
Tea Party Senator Proposes Permanent Tax Giveaway To Multinational Corporations: pTea Party Sen. Mike Lee (R-UT) — when he isn’t badly mangling the U.S. Constitution — wants to take a hatchet to the federal budget, proposing a program that “would require slashing every government program that’s not defense or Social Security (Medicare, Medicaid, veterans affairs, education, and so on) by 89.6 percent.” But at the [...]/p
Really? Where were all the signs from those fake "grassroots" Tea Party events that said give away everything to corporations? Oh, that's right, that was the actual agenda of the people who funded the Tea Party. This corrupt Tea Partier has really bad timing. Either that or his handlers in the corporate world wanted one last con/ripoff before the country really gets pissed at Wall Street and their corporate pals
Really? Where were all the signs from those fake "grassroots" Tea Party events that said give away everything to corporations? Oh, that's right, that was the actual agenda of the people who funded the Tea Party. This corrupt Tea Partier has really bad timing. Either that or his handlers in the corporate world wanted one last con/ripoff before the country really gets pissed at Wall Street and their corporate pals
Official Statement Occupy Wall Street
As we gather together in solidarity to express a feeling of mass injustice, we must not lose sight of what brought us together. We write so that all people who feel wronged by the corporate forces of the world can know that we are your allies.
As one people, united, we acknowledge the reality: that the future of the human race requires the cooperation of its members; that our system must protect our rights, and upon corruption of that system, it is up to the individuals to protect their own rights, and those of their neighbors; that a democratic government derives its just power from the people, but corporations do not seek consent to extract wealth from the people and the Earth; and that no true democracy is attainable when the process is determined by economic power. We come to you at a time when corporations, which place profit over people, self-interest over justice, and oppression over equality, run our governments. We have peaceably assembled here, as is our right, to let these facts be known.
They have taken our houses through an illegal foreclosure process, despite not having the original mortgage. They have taken bailouts from taxpayers with impunity, and continue to give Executives exorbitant bonuses. They have perpetuated inequality and discrimination in the workplace based on age, the color of one’s skin, sex, gender identity and sexual orientation. They have poisoned the food supply through negligence, and undermined the farming system through monopolization. They have profited off of the torture, confinement, and cruel treatment of countless animals, and actively hide these practices. They have continuously sought to strip employees of the right to negotiate for better pay and safer working conditions. They have held students hostage with tens of thousands of dollars of debt on education, which is itself a human right. They have consistently outsourced labor and used that outsourcing as leverage to cut workers’ healthcare and pay. They have influenced the courts to achieve the same rights as people, with none of the culpability or responsibility. They have spent millions of dollars on legal teams that look for ways to get them out of contracts in regards to health insurance. They have sold our privacy as a commodity. They have used the military and police force to prevent freedom of the press. They have deliberately declined to recall faulty products endangering lives in pursuit of profit. They determine economic policy, despite the catastrophic failures their policies have produced and continue to produce. They have donated large sums of money to politicians, who are responsible for regulating them. They continue to block alternate forms of energy to keep us dependent on oil. They continue to block generic forms of medicine that could save people’s lives or provide relief in order to protect investments that have already turned a substantial profit. They have purposely covered up oil spills, accidents, faulty bookkeeping, and inactive ingredients in pursuit of profit. They purposefully keep people misinformed and fearful through their control of the media. They have accepted private contracts to murder prisoners even when presented with serious doubts about their guilt. They have perpetuated colonialism at home and abroad. They have participated in the torture and murder of innocent civilians overseas. They continue to create weapons of mass destruction in order to receive government ontracts.*
To the people of the world, We, the New York City General Assembly occupying Wall Street in Liberty Square, urge you to assert your power.
Exercise your right to peaceably assemble; occupy public space; create a process to address the problems we face, and generate solutions accessible to everyone.
To all communities that take action and form groups in the spirit of direct democracy, we offer support, documentation, and all of the resources at our disposal.
As one people, united, we acknowledge the reality: that the future of the human race requires the cooperation of its members; that our system must protect our rights, and upon corruption of that system, it is up to the individuals to protect their own rights, and those of their neighbors; that a democratic government derives its just power from the people, but corporations do not seek consent to extract wealth from the people and the Earth; and that no true democracy is attainable when the process is determined by economic power. We come to you at a time when corporations, which place profit over people, self-interest over justice, and oppression over equality, run our governments. We have peaceably assembled here, as is our right, to let these facts be known.
They have taken our houses through an illegal foreclosure process, despite not having the original mortgage. They have taken bailouts from taxpayers with impunity, and continue to give Executives exorbitant bonuses. They have perpetuated inequality and discrimination in the workplace based on age, the color of one’s skin, sex, gender identity and sexual orientation. They have poisoned the food supply through negligence, and undermined the farming system through monopolization. They have profited off of the torture, confinement, and cruel treatment of countless animals, and actively hide these practices. They have continuously sought to strip employees of the right to negotiate for better pay and safer working conditions. They have held students hostage with tens of thousands of dollars of debt on education, which is itself a human right. They have consistently outsourced labor and used that outsourcing as leverage to cut workers’ healthcare and pay. They have influenced the courts to achieve the same rights as people, with none of the culpability or responsibility. They have spent millions of dollars on legal teams that look for ways to get them out of contracts in regards to health insurance. They have sold our privacy as a commodity. They have used the military and police force to prevent freedom of the press. They have deliberately declined to recall faulty products endangering lives in pursuit of profit. They determine economic policy, despite the catastrophic failures their policies have produced and continue to produce. They have donated large sums of money to politicians, who are responsible for regulating them. They continue to block alternate forms of energy to keep us dependent on oil. They continue to block generic forms of medicine that could save people’s lives or provide relief in order to protect investments that have already turned a substantial profit. They have purposely covered up oil spills, accidents, faulty bookkeeping, and inactive ingredients in pursuit of profit. They purposefully keep people misinformed and fearful through their control of the media. They have accepted private contracts to murder prisoners even when presented with serious doubts about their guilt. They have perpetuated colonialism at home and abroad. They have participated in the torture and murder of innocent civilians overseas. They continue to create weapons of mass destruction in order to receive government ontracts.*
To the people of the world, We, the New York City General Assembly occupying Wall Street in Liberty Square, urge you to assert your power.
Exercise your right to peaceably assemble; occupy public space; create a process to address the problems we face, and generate solutions accessible to everyone.
To all communities that take action and form groups in the spirit of direct democracy, we offer support, documentation, and all of the resources at our disposal.
Health Insurance & Drug Company Lobbyists Pledge $3 Million ‘Grassroots’ Health Reform Repeal Effort
Health Insurance & Drug Company Lobbyists Pledge $3 Million ‘Grassroots’ Health Reform Repeal Effort: pRoll Call reports that a new group called “Partnership for America” has announced a $3 million campaign to repeal health reform. The stated goal is to “‘freeze, investigate and replace’ the health care law known as the Patient Protection and Affordable Care Act.” The website for the group describes itself as a “grassroots” uprising to [...]/p
Follow The Money: 10 Republicans Opposing Consumer Protection Nominee Received $31 Million From Wall Street
Follow The Money: 10 Republicans Opposing Consumer Protection Nominee Received $31 Million From Wall Street: pThe Senate Banking Committee today — on a party-line 12-10 vote — approved the nomination of former Ohio Attorney General Richard Cordray to be the director of the Consumer Financial Protection Bureau, sending the nomination to the full Senate. Senate Republicans, of course, doubled down on their refusal to approve a nominee — any nominee [...]/p
Rep. Broun Calls Spreading Wall Street Protests An “ Attack Upon Freedom“
Rep. Broun Calls Spreading Wall Street Protests An “ Attack Upon Freedom“
Just another corrupt and dishonest republican looking to defend the people that bribe him.
Just another corrupt and dishonest republican looking to defend the people that bribe him.
Gingrich Says Occupy Wall Street Protests Signal Need To Repeal Wall Street Reform
Gingrich Says Occupy Wall Street Protests Signal Need To Repeal Wall Street Reform: pGOP presidential candidate Newt Gingrich will manufacture any excuse to attack the Dodd-Frank financial reform law and insist that it be repealed. Last month, at the same time bank profits were soaring, Gingrich told Fox’s Sean Hannity that the Dodd-Frank law was “killing the banking industry.” Now, Gingrich is co-opting the Occupy Wall Street protest [...]/pjavascript:void(0)
Only in the backwards mind of someone like Gingrich would less rules on the Wall Street crooks be a good idea.
Only in the backwards mind of someone like Gingrich would less rules on the Wall Street crooks be a good idea.
Gov. Walker: Wall Street Greed Has Nothing To Do With “ Real Issues“
Gov. Walker: Wall Street Greed Has Nothing To Do With “ Real Issues“
This, coming from one of the most corrupt and vile Tea Party Gov's in the entire country. Scott Walker sold out his state on behalf of the wealthy Libertarian funders of the Tea Party. The Koch brothers.
This, coming from one of the most corrupt and vile Tea Party Gov's in the entire country. Scott Walker sold out his state on behalf of the wealthy Libertarian funders of the Tea Party. The Koch brothers.
Herman Cain: Wall Street Protests Are Un-American
Herman Cain: Wall Street Protests Are Un-American: pAfter telling those protesting on Wall Street and around the country yesterday that “if you don’t have a job and you’re not rich, blame yourself,” presidential candidate Herman Cain had more choice words last night during a campaign stop in St. Petersburg, Florida. According to the Associated Press, Cain lambasted the protesters as un-American: Republican [...]/p
Meet The 99 Percent: After Being Laid Off Twice From Same Company, Mother Decided To Join Protests
Meet The 99 Percent: After Being Laid Off Twice From Same Company, Mother Decided To Join Protests: pThinkProgress filed this report from the Occupy Wall Street demonstration in New York City. Today, thousands of New Yorkers and other 99-Percenters marched in solidarity with more than a thousand Wall Street citizen occupiers in Zuccotti Park in New York City. While much of the media has sought to tar these demonstrators as extremists, the [...]/p
Wednesday, October 5, 2011
REPORT: Corporations That Benefited Most From 2004 Tax Break Then Slashed More Than Half A Million Jobs
REPORT: Corporations That Benefited Most From 2004 Tax Break Then Slashed More Than Half A Million Jobs: pA cadre of multinational corporations have been pushing for the revival of a tax repatriation holiday, which would allow companies to bring money that they have stashed overseas back to the United States at a dramatically lower tax rate (rather than the standard 35 percent corporate tax rate). The idea has been endorsed by many [...]/p
Chicago Traders Respond To Protesters With Signs Reading ‘We Are The 1%’
Chicago Traders Respond To Protesters With Signs Reading ‘We Are The 1%’: pThe Occupy Wall Street movement spread to Chicago this week, where protesters have gathered outside the Chicago Board of Trade, the world’s oldest options and futures trading center. Like the protesters in New York and other cities around the country, the group gathered to protest our nation’s growing income inequality, as the top 1 percent [...]/p
Tuesday, October 4, 2011
Romney On Wall Street Protests: ‘It’s Dangerous, This Class Warfare’
Romney On Wall Street Protests: ‘It’s Dangerous, This Class Warfare’: pOngoing protests on Wall Street are in their third week, as demonstrators continue to speak out against corporate greed and growing income inequality. Several labor unions have lent their support to the protests, with AFL-CIO President Richard Trumka saying that “being in the streets and calling attention to issues is sometimes the only recourse you [...]/p
Memo To The Media: It’s Not ‘Anti-Capitalist’ To Protest An Industry That Was Saved By Trillions Of Taxpayer Dollars
Memo To The Media: It’s Not ‘Anti-Capitalist’ To Protest An Industry That Was Saved By Trillions Of Taxpayer Dollars: pThe occupation of Wall Street has now entered its third week and protests are spreading like wildfire throughout the country. As the protests continue to grow, the media is increasingly taking notice. Yet many of these media outlets are insisting on referring to the protests as “anti-capitalist.” Here are just a few examples: – The [...]/p
Monday, October 3, 2011
Top 5 Reasons Why The Occupy Wall Street Protests Embody Values Of The Real Boston Tea Party
Top 5 Reasons Why The Occupy Wall Street Protests Embody Values Of The Real Boston Tea Party: pIn recent years, the Boston Tea Party has been associated with a right-wing movement that supports policies favoring powerful corporations and the wealthy. As ThinkProgress has reported, lobbyists and Republican front groups have driven the current manifestation of the Tea Party to push for giveaways to oil companies and big businesses. However, the Occupy Wall [...]/p
Has Corporate America Achieved Total Judicial Victory Over American Consumers?
Has Corporate America Achieved Total Judicial Victory Over American Consumers?: pOne of the most surprising developments during this new Supreme Court term is the relative absence of blockbuster cases that could provide corporate America with broad new immunities from laws protecting consumers and other ordinary Americans. To be sure, corporate immunity is far from absent from the Court’s docket — sub-prime credit card companies could [...]/p
The Interview That Fox News Doesn't Want You To See
This interview never made it onto the propaganda channel.
Koch Entertained Justice Thomas At His Private Club » Counterpunch: Tells the Facts, Names the Names
Koch Entertained Justice Thomas At His Private Club » Counterpunch: Tells the Facts, Names the Names
Funders of the Tea Party Bribe Supreme Court justice.
Funders of the Tea Party Bribe Supreme Court justice.
How Unequal We Are: The Top 5 Facts You Should Know About The Wealthiest One Percent Of Americans
How Unequal We Are: The Top 5 Facts You Should Know About The Wealthiest One Percent Of Americans: pAs the ongoing occupation of Wall Street by hundreds of protesters enters its third week — and as protests spread to other cities such as Boston and Los Angeles — demonstrators have endorsed a new slogan: “We are the 99 percent.” This slogan refers an economic struggle between 99 percent of Americans and the richest [...]/p
Sunday, October 2, 2011
Bloomberg News Investigation: Koch Industries Bribed Foreign Officials, Sold Petrochemical Equipment To Iran
Bloomberg News Investigation: Koch Industries Bribed Foreign Officials, Sold Petrochemical Equipment To Iran: pA new article by Bloomberg News reporters Asjylyn Loder and David Evans profiles decades of corporate crimes at the petrochemical and commodity speculating giant Koch Industries. Some of the examples, like a pipeline explosion that killed two teenagers and a cover-up of heightened benzene releases in Corpus Christi, have been well-documented. However, the report outlines [...]/p
Why There Are Protests On Wall Street: Their Actions Impoverished More Than 60 Million People
Why There Are Protests On Wall Street: Their Actions Impoverished More Than 60 Million People: pToday, over a thousand demonstrators began protests as a part of a campaign they are calling “Occupy Wall Street.” The protesters intend to engage in long-term civil disobedience to draw attention to Wall Street’s misdeeds and call for structural economic reforms. CNN Money covered the start of the campaign. Watch it: As demonstrators converged on [...]/p
Occupy Boston: Iraq Vet Fought For His Country Overseas, Now Fighting For His Country By Protesting The Banks
Occupy Boston: Iraq Vet Fought For His Country Overseas, Now Fighting For His Country By Protesting The Banks: pThe streets of Boston’s financial district are usually empty and silent on Saturday night. But this weekend, Dewey Square Park, a plot of greenery in the shadow of the Boston Federal Reserve and the State Street Bank headquarters, has turned into a small city in less than two days, filled by 75 tents and hundreds [...]/p
Saturday, October 1, 2011
New York Times’ Andrew Ross Sorkin Sneers At Wall Street Protesters, Estimates Only 80 There
New York Times’ Andrew Ross Sorkin Sneers At Wall Street Protesters, Estimates Only 80 There: pThe Occupy Wall Street protests have grown every day since they began two weeks ago. In the past 24 hours, they have expanded to Chicago, Boston, Los Angeles, and other major cities as thousands have gathered to demand economic justice and an end to big bank dominated politics. But according to a top Wall Street [...]/p
As Movement Grows, Thousands In Boston Protest Against Bank Of America’s Greed
As Movement Grows, Thousands In Boston Protest Against Bank Of America’s Greed: pAs ThinkProgress has been reporting, hundreds of people have encamped at Wall Street in the financial district of New York City to protest the greed of the nation’s biggest banks. Now, the movement growing in New York appears to be spreading, as more than 3,000 people marched on Bank of America in Boston yesterday and [...]/p
Mayor Bloomberg Claims ‘Occupy Wall Street’ Protesters Are Targeting Bankers Who ‘Are Struggling To Make Ends Meet’
Mayor Bloomberg Claims ‘Occupy Wall Street’ Protesters Are Targeting Bankers Who ‘Are Struggling To Make Ends Meet’: pFor 13 days, hundreds of demonstrators have encamped themselves on Wall Street in New York City, hoping to call attention to the financial sector’s greed and inequities in the American economic system. This morning, while on local radio host John Gambling’s show, New York City mayor Michael Bloomberg was asked about the demonstrations on Wall [...]/p
Banks Successfully Lobbied For Weaker Bailout Repayment Rules So They Could Pay Bonuses
Banks Successfully Lobbied For Weaker Bailout Repayment Rules So They Could Pay Bonuses: pWhen the nation’s biggest banks were bailed out in 2008 via the $700 billion Troubled Asset Relief Program, the money came with a few (very loose) strings, including restrictions on executive compensation and some requirements for the amount of capital the banks would have to raise in order to escape from TARP. But as a [...]/p
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