AP source: Criminal probe of Goldman under way
WASHINGTON – The U.S. attorney's office in Manhattan is conducting a criminal investigation of Goldman Sachs over mortgage securities deals the big Wall Street firm arranged, a knowledgeable person said Thursday.The person said the probe stems from a criminal referral by the Securities and Exchange Commission. The source spoke on ...
Geithner draws fire defending Fed on AIG bailout
WASHINGTON – Democrats and Republicans alike pummeled Treasury Secretary Timothy Geithner on Wednesday over his role in the $180 billion bailout of insurance giant AIG Inc., venting public anger over Wall Street's return to prosperity while 10 percent of Americans are still jobless.Geithner, one of the original architects of the ...
AIG executives' promises to return bonuses have gone largely unfulfilled
When word spread earlier this year that American International Group had paid more than $165 million in retention bonuses at the division that had precipitated the company's downfall, outrage erupted, with employees getting death threats and President Obama urging that every legal avenue be pursued to block the payments.New York ...
Friends, Thank you, all of you, who packed the theaters across North America last night to see my new film. The movie houses were rockin'! The national movie exit poll company announced this morning that the audiences in America gave "Capitalism: A Love Story" a rare "A" rating! Wow, thank ...
Wall St bonuses spark outrage on Main Street USA
By Steve Eder and Ed Stoddard NEW YORK/EULESS, Texas (Reuters) - All you have to do to feel the outrage over the continuing flow of bonuses on Wall Street is to take a walk down Main Street. Reuters reporters spoke to people in half a dozen towns and cities across ...
Michael Moore Slams Bailout of Wall Street, Wants 'Money Back'
By Farah Nayeri Sept. 5 (Bloomberg) -- Michael Moore launched his movie "Capitalism: A Love Story" at the Venice Film Festival today, staging an all-out attack on the free-market system and on the U.S. government bailout of financial institutions. "Capitalism is an evil, and you cannot regulate evil," Moore, an ...
Michael Moore’s Wall Street Satire to Open at Venice Festival
By Farah Nayeri Sept. 2 (Bloomberg) -- Michael Moore, the American filmmaker and satirist, is making Venice the launchpad for his Wall Street diatribe, “Capitalism: A Love Story.” Moore’s “Capitalism” will compete for the top prize at the 10-day Venice Film Festival, which opens today. The two-hour movie, which screens ...
Is Benmosche Bringing the Swagger Back to AIG?
By Michael Corkery / Wall Street Journal It’s August, and deal makers are holed up in beachside mansions and golf retreats around the world. You might think the last thing they would want to do is invite a reporter into their summer house for an on-the-record interview. Not Robert Benmosche. ...
Autos, banks spend $20M lobbying
By Silla Brush / HillAuto companies and eight of the country's biggest banks that received tens of billions of dollars in federal bailout money spent more than $20 million on lobbying Washington lawmakers in the first half of this year. General Motors, Chrysler and GMAC, the finance arm of GM, ...
US Congressional group asks White House for Fed probe
WASHINGTON, July 10 (Reuters) - In the latest political swing at the Federal Reserve, 14 Republican and 3 Democratic members of the House of Representatives on Friday asked the White House to investigate the U.S. central bank before granting it greater regulatory power. President Barack Obama has proposed making the ...
Swaps Man Who Knew Too Much Fights to Salvage World He Lost
By Shannon D. Harrington, Pierre Paulden and Neil Unmack April 24 (Bloomberg) -- As the sun streamed through the glass ceiling of London's 40-story "Gherkin" tower in May 2007, Thomas Jasper raised his champagne glass. Almost 25 years after the former Salomon Brothers Inc. banker transformed the derivatives market into ...
Bear, AIG Dumped $74 Billion in Subprime, CDOs on Fed
April 24 (Bloomberg) -- The Federal Reserve took on more than $74 billion in subprime mortgages, depreciating commercial leases and other assets after Bear Stearns Cos. and American International Group Inc. collapsed. In its biggest disclosure of the securities accepted to stabilize capital markets, the Fed said yesterday it had ...
Pension fund calls for review of exec bonuses
By Stephen Bernard NEW YORK (AP) — The pension funds of the Service Employees International Union on Monday asked 29 financial services firms including AIG and Citigroup to investigate bonuses paid to top executives since 2005 amid fallout from the credit crisis. The consortium of funds, known as SEIU Master ...
Injured War Zone Contractors Fight to Get Care From AIG and Other Insurers
by T. Christian Miller / ProPublica and Doug Smith / Los Angeles Times Reporting from Los Angeles and Washington — Civilian workers who suffered devastating injuries while supporting the U.S. war effort in Iraq and Afghanistan have come home to a grinding battle for basic medical care, artificial limbs, psychological ...
Protesters Hold Second Day's March On Wall Street
NY1 Thousands of protesters marched in Manhattan for the second day in a row on Wall Street today, to call for an end to the wars in Iraq and Afghanistan and for more government aid for struggling working people. The group United for Peace and Justice organized the event, which ...
Administration Seeks an Out On Bailout Rules for Firms
Officials Worry Constraints Set by Congress Deter Participation By Amit R. Paley and David Cho / Washington Post The Obama administration is engineering its new bailout initiatives in a way that it believes will allow firms benefiting from the programs to avoid restrictions imposed by Congress, including limits on lavish ...
Hundreds Rally on Wall St., Demanding Action to Combat Economic Crisis
By Alex Kane / Indypendent Channeling widespread populist anger at seemingly never ending bank bailouts and excessive executive compensation, hundreds of demonstrators converged on Wall St. this afternoon for a rally and march through the financial district, even as a steady rain continued throughout the day. Organized by the Bail ...
NYC protesters ask US to 'bail out the people'
By Verena Dobnik NEW YORK (AP) — Chanting "Whose street? Our street!" hundreds of people rallied on Wall Street on Friday to protest the billions of dollars in federal bailout money to big business. Monica Moorehead, managing editor of the left-leaning newspaper Workers World, said the crowd gathered to protest ...
Activists protest bailouts near Wall Street
By Christine Kearney NEW YORK, April 3 (Reuters) - Several hundred demonstrators protested near Wall Street on Friday against the handling of the U.S. economic crisis, government bailouts of private banks and corporations and bonuses paid out at insurer AIG. Members of worker rights, healthcare and anti-war groups gathered in ...
As Crisis Loomed, Geithner Pressed But Fell Short
Before Timothy Geithner became Treasury chief, he regulated major U.S. banks. Now he says: "We're having a major financial crisis in part because of failures of supervision." By Robert O'Harrow Jr. and Jeff Gerth / Washington Post In September 2005, Timothy Geithner made one of his most visible moves as ...
For A.I.G. Executives, Here Comes the Tour Bus
By Manny Fernandez / New York Times FAIRFIELD, Conn. — The bus pulled up at a quiet intersection on Saturday, just another chilly afternoon here in one of the wealthiest counties in America, where the median household income is $78,353 and where, a short walk up the street, an A.I.G ...
Protest erupts outside AIG headquarters
by Justin Reynolds / Wilton Bulletion Saturday afternoon brought some of this year's best weather, but outside American International Group Financial Products' headquarters in Wilton, roughly 30 protesters gathered, creating a storm of anger against the company's decision to use government bailout money to give some of its employees bonuses. ...
Protesters visit AIG officials' lavish Conn. homes
By John Christoffersen / Associated Press FAIRFIELD, Conn. – A busload of activists representing working- and middle-class families paid visits Saturday to the lavish homes of American International Group executives to protest the tens of millions of dollars in bonuses awarded by the struggling insurance company after it received a ...
Anti-AIG demonstrations draw small, animated crowds
By Christine Kearney NEW YORK (Reuters) - Small crowds of protesters angered by the government's $180 billion bailout of AIG marched in cities across the United States on Thursday, mocking bonuses paid to employees who helped push the company to the brink of collapse. The largest U.S. labor union, the ...
A Day of Protests, Against Iraq War and A.I.G.
New York Times On the eve of the sixth anniversary of the United States’ invasion of Iraq, hundreds of protesters in New York City made it clear on Thursday that while they welcomed the change in American political leadership, they would not relent in urging President Obama to accelerate the ...
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January 17th, 2012
STOP SOPA: Why MichaelMoore.com Will Be Blacked Out Wednesday, January 18th
My websites MichaelMoore.com and Mike's High School Newspaper will both be going dark for 24 hours starting at midnight tonight in protest of the Stop ...
December 30th, 2011
75 Years Ago Today, the First Occupy
On this day, December 30th, in 1936 -- 75 years ago today -- hundreds of workers at the General Motors factories in Flint, Michigan, took ...
December 28th, 2011
Click here to donate to the congressional campaign of Flint's own Dan Kildee I have many things I'm planning to do in the New Year ...
December 24th, 2011
A Little Christmas Gift for You to Download
Thanks for all the wonderful comments regarding the short story about my mom from HERE COMES TROUBLE that I sent you a few days ago. ...
December 20th, 2011
Here's a New Free Chapter from HERE COMES TROUBLE
Thank you to the tens of thousands of you who have read HERE COMES TROUBLE and helped to make it a New York Times bestseller ...
December 18th, 2011
LAST CALL: Signed First Editions Will Be Gone by Tomorrow! ORDER TODAY, RECEIVE BY XMAS
My publisher has informed me that they are down to their last crate of the first printing/first editions of HERE COMES TROUBLE -- the ones ...
December 17th, 2011
A Man in Tunisia, a Movement on Wall Street, and the Soldier Who Ignited the Fuse
It's Saturday night and I didn't want the day to end before I sent out this note to you. One year ago today (December 17th), ...
September 11th, 2010
If the 'Mosque' Isn't Built, This Is No Longer America
OpenMike 9/11/10 Michael Moore's daily blog I am opposed to the building of the "mosque" two blocks from Ground Zero. I want it built on ...
December 14th, 2010
Why I'm Posting Bail Money for Julian Assange
Yesterday, in the Westminster Magistrates Court in London, the lawyers for WikiLeaks co-founder Julian Assange presented to the judge a document from me stating that ...
May 12th, 2011
Some Final Thoughts on the Death of Osama bin Laden
"The Nazis killed tens of MILLIONS. They got a trial. Why? Because we're not like them. We're Americans. We roll different." – Michael Moore in ...
November 22nd, 2011
Where Does Occupy Wall Street Go From Here?
This past weekend I participated in a four-hour meeting of Occupy Wall Street activists whose job it is to come up with the vision and ...
September 22nd, 2011
A STATEMENT FROM MICHAEL MOORE ON THE EXECUTION OF TROY DAVIS
I encourage everyone I know to never travel to Georgia, never buy anything made in Georgia, to never do business in Georgia. I will ask ...
December 16th, 2010
Dear Swedish Government: Hi there -- or as you all say, Hallå! You know, all of us here in the U.S. love your country. Your ...
November 2nd, 2010
This letter contains (almost) no criticisms of how the Democrats have brought this day of reckoning upon themselves. That -- and where to go from ...
Home Front: Portraits from Sheikh Jarrah
Mike, was the triple overtime Outback Bowl come-from-behind win the greatest Spartans game ever?
Yes -- or at least it will be until their appearance in next year's Rose Bowl, a game which... Continue Reading
Michael Moore on Conan, 12/7/11
Michael Moore on The Last Word with Lawrence O'Donnell, 11/21/11
Michael Moore on Countdown with Keith Olbermann, 11/15/11
Michael Moore on The Last Word with Lawrence O'Donnell, 11/9/11
