Here Comes Trouble: Stories from My Life

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Articles tagged with: “Bank Of America”

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January 16th, 2009

Report Finds Major U.S. Companies Have Offshore Tax Havens

By Carol D. Leonnig / Washington Post A majority of America's largest publicly traded companies and the U.S. government's largest federal contractors -- including some receiving millions in federal bailout money -- use multiple subsidiaries in offshore tax havens to conduct business and avoid paying U.S. taxes, a new report ... continue reading

January 16th, 2009

Rescue of Banks Hints at Nationalization

By Edmund L. Andrews / New York Times WASHINGTON — Last fall, as Federal Reserve and Treasury Department officials rode to the rescue of one financial institution after another, they took great pains to avoid doing anything that smacked of nationalizing banks. They may no longer have that luxury. With ... continue reading

January 16th, 2009

BofA's Latest Hit

Treasury Injects $20 Billion More; Stock at 1991 Level By Dan Fitzpatrick, Deborah Solomon and Susanne Craig / Wall Street Journal Reeling from previously undisclosed losses from its Merrill Lynch & Co. acquisition, Bank of America Corp. received an emergency capital injection of $20 billion from the Treasury, which will ... continue reading

January 14th, 2009

Banks in Need of Even More Bailout Money

By Edmund L. Andrews and Eric Dash / New York Times WASHINGTON — Even before word came on Tuesday that Citigroup might split into pieces to shore up its finances, an unpleasant message was moving through Congress and President-elect Barack Obama's transition team: the banks need more taxpayer money. In ... continue reading

January 12th, 2009

Fiscal Therapy

Getting the economy back on its feet, giving taxpayers a break, saving your retirement fund and your kid's college tuition? Done. And it won't cost you a penny By David Cay Johnston / Mother Jones For years now, whenever I've been invited to lecture students on how our tax system ... continue reading

January 12th, 2009

Marching against violence

By Tatiana Pina / Providence Journal PROVIDENCE — A group of protesters carried a child’s coffin through downtown yesterday in a mock funeral procession to denounce government violence, ranging from the state’s housing crisis to Israel’s attack on Gaza to the shooting death of a teenage boy in Greece by ... continue reading

January 7th, 2009

Union Takes New Action Against Republic Windows

By Bob Roberts / WBBM CHICAGO -- The union that drew international attention when its members staged a six-day sit-in as Republic Windows & Doors closed its Goose Island plant last month seeks new sanctions against the now-bankrupt manufacturer. The United Electrical Workers Union Tuesday asked the National Labor Relations ... continue reading

January 7th, 2009

Republic Windows and Doors workers file labor board charges

They tell federal board shutdown, equipment relocation unfair By Robert Mitchum / Chicago Tribune A month after their six-day factory sit-in captured the attention of a nation worried about the economy and job security, the workers of Republic Windows and Doors renewed their fight Tuesday by filing a charge with ... continue reading

January 2nd, 2009

Colleges Profit as Banks Market Credit Cards to Students

By Jonathan D. Glater / New York Times EAST LANSING, Mich. — When Ryan T. Muneio was tailgating with his parents at a Michigan State football game this fall, he noticed a big tent emblazoned with a Bank of America logo. Inside, bank representatives were offering free T-shirts and other ... continue reading

December 30th, 2008

Veterans of â??90s Bailout Hope for Profit in New One

By Eric Lipton and David D. Kirkpatrick / New York Times WASHINGTON — A tight-knit group of former senior government officials who were central players in the savings and loan bailout of the 1990s are seeking to capitalize on the latest economic meltdown, enjoying a surge in new business in ... continue reading

December 26th, 2008

Factory Workers Face Unemployment This Holiday

By Derrick Blakley / CBS-2 CHICAGO — Two weeks ago, they chanted "Don't steal Christmas" as their plant shut down. Now the people who used to work at Republic Windows and Doors face a holiday of hardship. CBS 2's Derrick Blakley reports that in victory, they were euphoric. Workers at ... continue reading

December 22nd, 2008

Where'd the bailout money go? Shhhh, it's a secret

By Matt Apuzzo / Associated PressWASHINGTON – It's something any bank would demand to know before handing out a loan: Where's the money going? But after receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply ... continue reading

December 20th, 2008

White House Philosophy Stoked Mortgage Bonfire

By Jo Becker, Sheryl Gay Stolberg and Stephen Labaton / New York Times "We can put light where there's darkness, and hope where there's despondency in this country. And part of it is working together as a nation to encourage folks to own their own home." — President Bush, Oct. ... continue reading

December 19th, 2008

On Wall Street, Bonuses, Not Profits, Were Real

By Louise Story / New York Times "As a result of the extraordinary growth at Merrill during my tenure as C.E.O., the board saw fit to increase my compensation each year." — E. Stanley O'Neal, the former chief executive of Merrill Lynch, March 2008 For Dow Kim, 2006 was a ... continue reading

December 18th, 2008

Out the Window

Republic Windows & Doors will make good on what it owes workers. Now what about our $10 million? By Ben Joravsky / Chicago Reader When their six-day sit-in at Republic Windows & Doors ended last week, a crowd of jubilant workers and union activists cheered in triumph. Yes, they had ... continue reading

December 18th, 2008

Republic's workers await checks, apply for new jobs

By Megan Cottrell / Chi-Town Daily News After a six-day sit-in and a battle for their severance pay, workers at Republic Windows and Doors are looking toward the future. Workers met today with city and state representatives who helped them search for new jobs, unemployment assistance and social services. More ... continue reading

December 11th, 2008

Taking protest to the bank

By Herbert L. White / Charlotte Post North Carolina workers picketed Bank of America's Charlotte headquarters to show support for their brothers and sisters in labor. N.C. union members and community leaders protested BofA's decision to withhold pay to workers at Chicago-based Republic Windows and Doors, which closed on Dec. ... continue reading

December 11th, 2008

It's Over! Sit-in Success

CHICAGO (AP) -- With cheers and chants that echoed President-elect Barack Obama's campaign of change, jubilant workers have agreed to a $1.75 million settlement that ends their six-day occupation of a shuttered Chicago factory that had attracted national attention. Republic Windows & Doors, union leaders and Bank of America forged ... continue reading

December 9th, 2008

Morgan Stanley, Merrill Executives to Forgo Bonuses

By Christine Harper / Bloomberg Dec. 8 -- Top executives at Morgan Stanley and Merrill Lynch & Co. will give up their bonuses this year amid the worst financial crisis since the Great Depression. Morgan Stanley Chief Executive Officer John Mack and Co- Presidents Walid Chammah and James Gorman won't ... continue reading

December 8th, 2008

Obama: Workers staging sit-in 'absolutely right'

By Rupa Shenoy CHICAGO (AP) — President-elect Barack Obama is weighing in on behalf of workers staging a sit-in on the factory floor of their former Chicago employer to protest abruptly losing their jobs last week. Obama told a news conference Sunday that Republic Windows and Doors should follow through ... continue reading

December 8th, 2008

In Factory Sit-In, an Anger Spread Wide

By Monica Davey / New York Times CHICAGO — The scene inside a long, low-slung factory on this city's North Side this weekend offered a glimpse at how the nation's loss of more than 600,000 manufacturing jobs in a year of recession is boiling over. Workers laid off Friday from ... continue reading

December 4th, 2008

Foreclosure Machine Grinds On Through Holiday Season

Fannie and Freddie Moratorium Hasn't Stopped Evictions By Mary Kane / Washington Independent This is supposed to be the season for a break in home foreclosures, a pause in evictions over the holidays. But it's not working out that way for everyone. And certainly not for Julio Angulo of suburban ... continue reading

November 24th, 2008

Citi, AIG Won't Drop Big Sports Sponsorships

Critics Slam Bailed-Out Firms' Pricey Deals for Naming Rights, Logo Placement By Justin Rood / ABC News AIG, Citibank and a number of other federally bailed-out financial institutions have no plans to cancel hundreds of millions of dollars in sports team sponsorships, even as they take billions in taxpayer support, ... continue reading

November 13th, 2008

The New Trough

By Naomi Klein / Rolling Stone Editor's note: The online version of this story has been amended to reflect developments since the publication of the print edition. On October 13th, when the U.S. Treasury Department announced the team of "seasoned financial veterans" that will be handling the $700 billion bailout ... continue reading

September 16th, 2008

In Candidates, 2 Approaches to Wall Street

By Jackie Calmes / New York Times WASHINGTON — The crisis on Wall Street will leave the next president facing tough choices about how best to regulate the financial system, and although neither Senator Barack Obama nor Senator John McCain has yet offered a detailed plan, their records and the ... continue reading

First Page 5 of 6 Last

Big new story from David Sirota and Pando on top Christie adviser and appearance of corruption at New Jersey's pension fund: REVEALED: Gov....

Apr 17th
12:41 PM
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FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States WASHINGTON—The FBI announced today that it has uncovered a...

Apr 15th
3:28 PM
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Revealed: Rahm Emanuel's top donor bought stock in Marriott just before it was awarded huge contract As schools are closed and pensions cut,...

Apr 9th
2:00 PM
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I'll be at First Time Fest today in New York City at the screening of my first film, Roger & Me. Loews Village 7 at 12:30 pm. Come see it on the big...

Apr 5th
9:48 AM
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Revealed: Rahm Emanuel cuts public pensions, diverts money to benefit campaign donors If you've read the financial news out of Chicago the last...

Apr 4th
2:19 PM
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Please take a moment today to think of Casey Austin Sheehan, son of Cindy and Patrick, who was murdered by U.S. foreign policy in Sadr City, Baghdad ten years...

Apr 4th
2:00 PM
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ICYMI - I've joined this "thunderclap" to support the Connecticut legislators who voted yes on last year's Act Concerning Gun Violence...

Apr 3rd
7:38 PM
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I've joined this "thunderclap" to support the Connecticut legislators who voted yes on last year's Act Concerning Gun Violence Prevention...

Apr 2nd
8:27 PM
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I am opposed to the death penalty, but to every rule there is usually an exception, and in this case I hope the criminals at General Motors will be arrested...

Apr 1st
3:55 PM
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How Long Some in the US Will Survive Under New Health Law Donna Smith Those who must access care to live and can afford it are not...

Mar 31st
10:13 PM
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Last night, The Good Wife on the East Coast started 40 minutes late due to the overrun of the NCAA basketball game. If you had your DVR set for the show, you...

Mar 24th
5:41 PM
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Watching films today, looking for the ones I'm going to pick for my film festival this summer. I (and a whole bunch of others!) have this thing we put on...

Mar 23rd
4:48 PM
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When the U.S. Health Care System Keeps Killing, Who Cares Enough to Fight? Donna Smith We have largely forgotten that people are at...

Mar 21st
5:56 PM
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Tell the White House not to give up on Dr. Vivek Murthy's nomination as Surgeon General despite the ferocious opposition from the NRA: Don't give...

Mar 21st
5:38 PM
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This criminal would never see a jail cell, nor would his cronies. In fact, they'd later be rewarded with re-election: Presidential Address on War with...

Mar 19th
9:40 PM
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The crime of the century -- our invasion & slaughter in Iraq -- started 11 years ago tonite in this 7pm (ET) hour, March 19th, 2003: CNN Coverage of...

Mar 19th
9:08 PM
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Washington’s Back-to-the-Future Military Policies in Africa Nick Turse Nick Turse is an award-winning journalist, historian,...

Mar 17th
4:59 PM
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"I think democracy is the most revolutionary thing in the world." -- Tony Benn, 1925-2014 Tony Benn in 'Sicko'

Mar 14th
10:07 AM
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RIP Tony Benn, one of the UK's greatest leaders: Tony Benn, veteran Labour politician, dies aged 88 Former cabinet minister died at...

Mar 14th
9:53 AM
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Please read this important story from K. Ford K.: Am I the Face of the New American Middle Class? I began to feel I had slipped so low...

Mar 13th
2:24 PM
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Yesterday Dianne Feinstein revealed that the CIA has been spying on the Senate Intelligence Committee. This is all about the report the committee has produced...

Mar 12th
6:48 PM
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Health Care for All Colorado has brought Mercy Killers, a show written and performed by Michael Milligan about our murderous for-profit healthcare system, to...

Mar 10th
1:08 PM
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Health Care Dramas that Sting and Why We Have to Watch Donna Smith The realities Milligan has written into the show cut deep into...

Mar 10th
1:02 PM
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Did you know the Lehrer Newshour on PBS has been produced for 20 years by a company owned by conservative cable billionaire John Malone? Me neither. After...

Mar 7th
8:39 PM
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Mr. Obama, if int’l law is so damn crucial . . . | The Russian intervention deserves criticism. But let’s be clear. The...

Mar 6th
1:21 PM
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Enron billionaire John Arnold thinks everyone should believe him when he says we've got to cut pensions because he's so incredibly rich: John...

Mar 5th
4:20 PM
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More in David Sirota's continuing series on the billionaire takeover of PBS: More PBS conflict woes as activists move to eject David Koch from board of...

Mar 3rd
12:35 PM
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Ukraine: One ‘Regime Change’ Too Many? Ray McGovern Is “regime change” in Ukraine the bridge too far for the neoconservative...

Mar 2nd
9:25 PM
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Latest from David Sirota on Enron billionaire John Arnold smuggling anti-pension propaganda into "neutral" institutions like PBS and now, the...

Mar 1st
12:58 PM
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