The rich and their paid false prophets are doing a bang up job deceiving the poor and middle class. They have convinced many that an evil socialism is alive in the land and it is taking their fair share. But the deception cannot last – facts say otherwise.Yes, there is ...
Articles tagged with: “Class Warfare”
'Anti-K Street' protest snarls traffic in downtown Washington
A few hundred protesters snarled traffic on K Street on Monday and shut down a Bank of America near Capitol Hill as part of an "anti-K Street" protest sponsored by a coalition of community groups and labor unions. In the rain, members of the National People's Action network and an ...
More Banker Outrage: Protesters Plan Marches on Wall Street Banks
Outrage over bonuses, bailouts and home foreclosures have prompted angry demonstrations at bank office buildings, bank conferences and even bankers' homes since the financial crisis began. With Wall Street reform proposals up for debate in Congress and bank shareholder meetings taking place later this month, protest organizers say they're getting ...
Goldman board rejects shareholder demands on pay
NEW YORK, March 1 - Goldman Sachs Group Inc's board has rejected several demands from shareholders that it investigate recent compensation awards, recoup excessive compensation and reform pay practices. Wall Street's dominant bank, criticized for paying billions of dollars in bonuses soon after the taxpayer bailout of the industry, reported ...
After Long Wait and Protests, Laid-Off Quad City Workers Reach Settlement
Quad City Die Casting workers fought hard last summer to try to keep their plant – seemingly still profitable – open in the face of creditor Wells Fargo’s insistence on liquidating.The Moline, Ill., factory near the Mississippi River and the Illinois-Iowa border closed last September, despite a spirited campaign by ...
Frustrated Owner Bulldozes Home Ahead Of Foreclosure
Like many people, Terry Hoskins has had troubles with his bank. But his solution to foreclosure might be unique.Hoskins said he's been in a struggle with RiverHills Bank over his Clermont County home for nearly a decade, a struggle that was coming to an end as the bank began foreclosure ...
New Mexico House Passes Sweeping Funds Bill
The clash between banks and credit unions over public fund deposits took an unorthodox twist with community banks and CUs teaming up to pass, 65-0, a milestone bill in the New Mexico House.The bill enables a possible switch of $2-5 billion of state funds into CUs and small banks. If ...
Goldman Sachs CEO Lloyd Blankfein stands to collect $100 million bonus
He's been grilled by Congress and blasted by critics, but the chief executive of Goldman Sachs may soon have $100 million reasons to smile.Lloyd Blankfein, who leads the world's richest investment bank, stands to collect an eye-popping $100 million bonus in defiance of President Obama, according to bankers meeting in ...
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 ...
Mortgage ‘Cram-Down’ Amendment Fails in U.S. House
Dec. 11 (Bloomberg) -- The U.S. House rejected a mortgage “cram-down” amendment that would have given federal judges the power to lengthen mortgage terms, cut interest rates and reduce loan balances for homeowners in bankruptcy court. Lawmakers voted 241-188 today against the amendment, which was to be part of broader ...
Brave New Films Stands Alongside ACORN Against Extending the Defund ACORN Act
CULVER CITY, CA — Brave New Films is pushing to get Congress to vote against extending the Defund ACORN Act. The House is expected to take up this vote sometime this week, with the Senate to follow in the upcoming month. Extending the Defund ACORN Act would essentially deprive ACORN ...
On Tuesday morning, in Chicago, the unions came to town. It was the final day of the rolling protest dubbed The Showdown in Chicago, a confrontation with the American Bankers Association, whose members had gathered for their annual meeting. With a crowd estimated at 5,000, it was without a doubt ...
5,000 Protest Bank Power, Abuses, as ‘Showdown’ Culminates
CHICAGO – Angenita Tanner faces tough times. Her home-based child care business is threatened by potential Illinois state budget cuts to programs subsidizing care for children of low-income workers. Already her clients have found it hard to pay for her services, leading her to fall behind on her mortgage. But ...
Protests at US bankers' convention
America's bankers may not agree on much. But on one issue, they are entirely united. They refuse to become humble whipping boys, taking the blame from an angry nation for the global financial crisis.More than 1,500 senior executives from banks across the nation congregated in Chicago this week for what ...
Day two of the Showdown in Chicago, a three-day-long protest against big banks, began a bit dismally for The Nation. An email from American Bankers Association spokesman John Hall informed us that our press credentials had been revoked. The reason? Because we'd arrived early to cover a protest outside the ...
Protesters Deliver Letter to Goldman Sachs—And Await Response
CHICAGO—After working for 42 years, Erma Hall-Wood thought she had earned a modest but peaceful retirement. Then the financial crisis devastated her savings and the 68-year-old Los Angeles County Department of Health retiree became one of millions of Americans who have lost their homes to foreclosure."I thought I would have ...
Protests Aimed at Bankers' Convention
Chicago - For five decades, Bonita Williamson called a house at 56th and South Loomis Streets home. She's slated to be evicted from that home on Monday. "Everyone thinks it's a property, it's a building. It's a legacy," Williamson said. "We had five generations grow up in this building." Williamson ...
Economy Yielding ‘Very Angry’ People, Bankers Told
Oct. 26 -- A top American Bankers Association official defended the group’s members against demonstrators massing in Chicago to protest the industry’s opposition to proposed regulations in response to the financial crisis.“A lot of people lost their jobs, and they are very frustrated and they’re very angry,” Bob Schmermund, executive ...
South Florida homeowners walking away from underwater mortgages
Andres Duque thought he got a real steal when he paid $125,000 for his Little Haiti condo. But four years later, similar units are selling for $35,000 and even less.And so, faced with the prospect of being underwater on his mortgage — owing more than the unit is worth — ...
Bankers sue to save new law that protects them
PHOENIX — Arizona bankers have filed suit to block the state from repealing a new law designed to protect them from some investors who walk away from their mortgages.In legal papers filed at the state Supreme Court, the Arizona Bankers Association claims the repeal was illegal because it was done ...
Showdown in Chicago: Creating a "Which Side Are You On" Moment
It would be hard to dream up a story as incredible as this: The same financial institutions that drove a record foreclosure crisis, sent our economy into a deep recession, and needed billions upon billions in taxpayer bailouts are spending money like never before to defeat financial reform that would ...
The Movement Against the Banks
A massive rally in Chicago next week aims to express public displeasure with the massive bank bailout outside the American Bank Association annual meeting. Protesters will converge at 11:30 on Monday, October 26, at 301 North Water Street, where the meeting is taking place. "The same financial institutions that caused ...
At rescued banks, perks keep rolling
NEW YORK -- Even as the nation's biggest financial firms were struggling and the federal government was spending hundreds of billions of dollars to save many of them, the companies as a group were boosting the perks and benefits they pay their chief executives. The firms, accounting for more $350 ...
It looks like Goldman Sachs is preventing its employees from reading Gawker. It's a precaution any workplace that values productivity might consider, especially an employer who's been targeted by a Gawker investigation.Erin Holland is a vice president and assistant general counsel at Goldman Sachs, which is apparently a really boring ...
Announcing the Goldman Project
Goldman Sachs raked in billions with taxpayer help while you're still unemployed. The bank announced $3.1 billion in third-quarter profits, and set aside $5.3 billion for bonuses. Help us find out how they spend it.Goldman's third-quarter take is down slightly from its record-breaking $3.4 billion second-quarter earnings, and the amount ...
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Mike's Blog
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June 5th, 2013
Here's How We Built a Movie Theater for the People – and Why the MPAA Says It's #1 in the World
This past week, the Motion Picture Association of America (MPAA), the main federation of Hollywood's six major studios, posted on their web site a list of what they believe ...
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March 23rd, 2013
This evening is going be a big moment in turning our country around on the issue of gun violence. That's why I desperately want you ...
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March 21st, 2013
I am hosting a nationwide series of house parties this Saturday night where tens of thousands of people will gather together in living rooms to ...
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March 15th, 2013
The response to my Newtown letter this week has been overwhelming. It is so very clear to everyone that the majority of Americans have had ...
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March 13th, 2013
America, You Must Not Look Away (How to Finish Off the NRA)
The year was 1955. Emmett Till was a young African American boy from Chicago visiting relatives in Mississippi. One day Emmett was seen "flirting" with ...
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February 26th, 2013
My Final Word on Buzzfeed and Emad Burnat's Detention at LAX
Thanks to everyone for bearing with me as I spend so much time on what happened to Emad Burnat. It's important to me because he's ...
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February 26th, 2013
Michael Moore Responds to Buzzfeed Story on '5 Broken Cameras' Co-Director Emad Burnat
On Tuesday, February 19th, Emad Burnat, the Palestianian co-director of the Oscar-nominated documentary '5 Broken Cameras,' was detained with his wife and son at Los ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
