by Robert Reich
Washington is paralyzed by snow and partisanship. Nothing is getting done – even as the Great Recession pulls more Americans into its maw.
In the midst of this paralysis, the President was asked about the giant pay packages of Jamie Dimon, CEO of JP Morgan Chase & Co. ($17 mullion for 2009) and Lloyd [...]
Tag | Citigroup
One Free Market System for Wall Street, Another Free Market System for Main Street
Posted on 15 February 2010 by Robert Reich | Comments (0) | Tags: $700 billion bailout of Wall Street, Bank of America, bankruptcy, Citigroup, free market system, Goldman Sachs, Jamie Dimon, JP Morgan Chase, Lloyd Blankfein, Main Street, Morgan Stanley, President Obama, Robert Reich, Wall Street, Wells Fargo
Sorry Folks: Happy Days Are Not Here Again
Posted on 09 May 2009 by Charley James | Comments (0) | Tags: Banking crisis, Charley James, Citigroup, demons, Happy Days not Here Again, Richard Parsons, subprime lending
by Charley James
“Demonizing the bankers as if they and they alone created the financial meltdown is both inaccurate and short-sighted,” Citigroup chairman Richard Parsons told reporters recently. “Everybody participated in pumping up this balloon and now that the balloon has deflated, everybody has some part in the blame.”
Oh no we don’t.
Talk about dissembling. The truth [...]
Hugh’s Dream Crumbles
Posted on 30 April 2009 by Denis Campbell | Comments (0) | Tags: Bank of America, Bank of Boston, Boatman Bancshares, Bridge too far, C&S/Sovran, Chairman, Citigroup, FleetBoston, Hugh McColl, Kenneth Lewis, massive empire, MBNA, Morehouse College President, NCNB, Too big too fail, Walter E. Massey
Yesterday at a few minutes before 6:00 pm, Hugh McColl’s former nationwide bank dream empire suffered yet another humbling blow. Bank of America shareholders stripped Kenneth D. Lewis of his Chairman’s title. What many consider a prelude to being shown the door, they appointed former Morehouse College President Walter E. Massey as Chairman. While Lewis [...]
Killing Your Nation to Make a Point
Posted on 02 March 2009 by Denis Campbell | Comments (0) | Tags: 1000 banks in serious danger of failure, 4%, 4th Quarter of 1982, 630000 people applied for unemployment benefits last mo, and that means the economy teetering on the edge of an, Bank of America, borderline treasonous, Citigroup, collectively owe to all sources $13.7 trillion dollars, Cycles come and go, Denis Campbell, Dow just closed down another 300 points, GDP was £13.7 trillion dollars last year, headed to 10 or 11%, intransigence can be proven correct, Killing Your Nation to Make a Point, Limbaugh, Markets rise and fall, no one has yet pulled the plug on their life support sy, opposition party directly and overtly root for the Pres, O’Reilly and Hannity rooting for failure along with “le, Right now there is no middle ground, technically insolvent, That year was 1929, the last Quarter of 2008 it fell by 6.2%, time for us all to head to the mattresses, Unemployment is above 7%, US Gross Domestic Product (GDP) fell by 6.4 per cent, ‘Godfather’ style, ‘zombie banks’
Should I worry? The Dow just closed moments ago down another 300 points or 4%. If rhetoric from opposition party ‘thought leaders’ in the US this past weekend seems borderline treasonous, well… that’s because it is. When leaders of any opposition party directly and overtly root for the President to fail, and that means the [...]
Former Merrill Lynch CEO John Thain Fired
Posted on 23 January 2009 by Denis Campbell | Comments (0) | Tags: $1.2 million dollar office renovation, 20 billion dollars in bailout money, Citigroup, John Thain, Keith Olbermann, Merrill, Merrill Lynch, Merrill Lynch CEO John Thain, performance bonuses, worst persons in the world
The taxpayers would have preferred drawn and quartered then placed in one of those old fashioned stocks, standing with his head and hands exposed outside the HQ building so we could throw rotten fruit at him. At least we’d feel better. Why such seeming post-partisan enmity in the new change era?
Let’s begin on page 43 of [...]
Thursday, 18th March 2010
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UK Progressive began during the 2008 US Presidential Campaign. It replaced two blogs: "Outside the Boundaries" (dedicated to US/UK Politics and Business) and "Fire the Guru!" an expose of charlatans in the Mind Body Spirit business. It was briefly known as The Vadimus Post from the Latin 'Quo Vadimus' or 'Where Are We Headed?'
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