Tag Archives: Wall Street

Turned Out Fine

Artist – Nick Anderson In other news, Attorney General Eric Holder said today that the Department of Justice is preparing fraud charges against “individuals at Wall Street firms.” Meanwhile, Steve Stockman is an idiot. Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading

Posted in Open Thread, Steve Stockman | Tagged , , , | 2 Comments

Go It Alone

Artist – Adam Zyglis In other news, former House Majority Leader Eric Cantor has found his next job at Wall Street investment bank Moelis & Co. Cantor was reportedly paid $1.5 million for signing and will receive $2 million per … Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading Continue reading

Posted in Open Thread | Tagged , , , , | Leave a comment

What Could Go Wrong?

This may be the most disturbing story I’ve read today. You should visit Mother Jones for the full report, but the gist is that Wall Street has cooked up a new form of securities that could be just as volatile … Continue reading
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Posted in Economy, Housing Market | Tagged , , | 10 Comments

Idiot Quote of the Day

[It] “was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that–sort of like what we did in the Deep South [decades ago]. And I think it was just … Continue reading
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Posted in Quote | Tagged , , | 12 Comments

Bank Of America To Pay $39 Million For Gender Discrimination

Oh, Bank Of America, if there is a Hell for corporations, I’m sure you’re on your way. Bank of America will pay $39 million to settle claims it discriminated against women in its investment advice division, the company announced Friday … Continue reading
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Posted in Corporate Crime, Ethics, Justice, Misogyny, Racism, War On Women, WTF | Tagged , , , , , | 3 Comments

Dueling Narratives

They tell me Newark Mayor and senatorial candidate Cory Booker is a ‘crony capitalist’ beholden to the Obama agenda, and they tell me that President Obama has completely “rolled over to Wall Street,” but that won’t stop some of the … Continue reading
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Posted in Cory Booker, Elections | Tagged , , | 3 Comments

Terminating Bailouts for Taxpayer Fairness Act of 2013 Act

This could be a giant leap for fairness, according to Matt Taibbi over at Rolling Stone: Now, it looks like we’re headed for a real legislative confrontation. And man, is the finance sector freaking. Last week, on April 24th, Democratic … Continue reading
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Posted in Ethics, Justice | Tagged , , | 4 Comments

Mission to Mars

Artist – Dave Granlund In other news, U.S. stocks closed today at their second highest level ever and the highest point since 2007. A new all time record high could come any day. If Wall Street doesn’t care about sequestration, … Continue reading
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Posted in Economy, Open Thread | Tagged , , , | 2 Comments

More on the DOJ’s $5 Billion Lawsuit

Bloomberg has more details on the Justice Department’s $5 billion lawsuit against Standard and Poor’s. Federally insured Citigroup’s Citibank unit bought into what was supposed to be the safest portion of the CDO, relying in part on S&P’s assessment of … Continue reading
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Posted in Justice | Tagged , , | 1 Comment

Player

Artist – David Fitzsimmons In other news, New Mexico Attorney General Gary King launched an investigation today into local Republican officials for possibly giving volunteer poll watchers false information about state election law. “We have received a number of complaints … Continue reading

Posted in Open Thread | Tagged , , , , , , , , | 1 Comment

Look At All This Socialist Redistribution

According to Forbes magazine, growth in the net worth of the wealthiest Americans “far outpaced” the rest of the economy over the past year. (Reuters) – The net worth of the richest Americans grew by 13 percent in the past … Continue reading

Posted in Economy | Tagged , , , | 7 Comments

Abandon Ship!

Former Romney campaign co-chair Tim Pawlenty obviously has a bad case of Romney fever. Former Minnesota Governor Tim Pawlenty announced Thursday morning that he would step down as co-chair of Mitt Romney’s campaign to become the head of the Financial … Continue reading

Posted in Election 2012 | Tagged , , , | 1 Comment

How Mitt Romney Screwed Taxpayers When Bain & Co. Received a Federal Bailout

Rolling Stone has an excellent, illuminating article out today on the federal bailout Mitt Romney obtained when he supposedly “rescued” Bain & Co. According to documents obtained by Rolling Stone, Mitt Romney screwed taxpayers out of at least $10 million … Continue reading

Posted in Lying Liars | Tagged , , , , , | 4 Comments

I Kinda Sorta Approve This Message

Artist – John Cole In other news, New York Attorney General Eric Schneiderman and Connecticut Attorney General George Jepsen subpoenaed JP Morgan Chase, Barclays, and UBS today in connection with their possible involvement in the LIBOR rate-fixing scandal. But, I … Continue reading

Posted in Open Thread | Tagged , , , , | 2 Comments

Financial Subterfuge

Artist – David Fitzsimmons In other news, Armet Armored Vehicles was indicted by the Department of Justice today for major fraud, wire fraud, and making fraudulent claims for knowingly delivering inadequate armored vehicles to the state department in Iraq in … Continue reading

Posted in Open Thread | Tagged , , , , | Leave a comment

Like A Business

Artist – Jimmy Margulies In other news, the NRA is now threatening to score the senate vote on the Disclose Act to see who’s been naughty or nice. Those who vote for the act may see retaliation in their districts.

Posted in Open Thread | Tagged , , , | Leave a comment

Profiles in Courage

Artist – Bill Day In other news, Morgan Stanley is reportedly planning to hold a fundraiser for Mitt Romney at their company headquarters. They’re practically broadcasting that Mitt Romney is Wall Street’s man. Now here’s a bonus cartoon. Just because. … Continue reading

Posted in Open Thread | Tagged , , , | 4 Comments

We Should All Be So Lucky

While Americans are losing their homes without any leeway or help, one of the financial players most responsible for the economic collapse and recession is getting off without being brought up on charges by the SEC. The agency has been … Continue reading

Posted in Economy | Tagged , , , | Leave a comment

Completely Unnecessary

Artist – Steve Greenberg In other news, RNC Chairman Reince Priebus is a jackass. I suppose that’s not news. It goes without saying, but some of the dumbest shit imaginable was said by Republicans on today’s political talk shows. More … Continue reading

Posted in Open Thread | Tagged , , , | 7 Comments

Self-Regulation

Artist – Adam Zyglis In other news, a man calling from a pay-phone issued a bomb threat to the offices of the Human Rights Campaign today. A search turned up nothing, but the threat forced the evacuation of several other … Continue reading

Posted in Open Thread | Tagged , , , , | 2 Comments