Warren fuels speculation by dropping class
When fall classes began Wednesday at Harvard Law School, Elizabeth Warren was scheduled to be teaching contract law to first-year students. But something happened on the way to the chalkboard."I'm writing to let you know that Professor Jerry Frug will be teaching your Contracts class this term instead of Professor ...
Pressure mounts for 'Sheriff' Elizabeth Warren
WASHINGTON -- Pressure continues to mount on President Obama to select Elizabeth Warren as the nation's first consumer financial protection regulator.Warren, 61, has become something of a cause célèbre as the administration's top pick to run the new agency charged with protecting consumers from abusive mortgage and credit card practices. ...
The Casey Sheehan "End to War" Bill
My son, Casey, joined the military in 2000, shortly before his 21st birthday, to help pay for college. He had already completed everything he could take at the local JC and was eager to move on—but he had a fulltime job, and even though we (his dad and I) helped ...
Congress approves sweeping Wall Street reforms
WASHINGTON – Congress on Thursday passed the stiffest restrictions on banks and Wall Street since the Great Depression, clamping down on lending practices and expanding consumer protections to prevent a repeat of the 2008 meltdown that knocked the economy to its knees.A year in the making and 22 months after ...
The Cult of Subprime Central Bankers
The world is suffering from the worst downturn since the Great Depression. The crisis has left tens of millions unemployed in the U.S., Europe, and elsewhere. The huge baby boomer generation in the United States, now on the edge of retirement, has seen much of its wealth destroyed with the ...
Sanders: White House Lobbies Against Amendment to Audit Fed with “Bogus” Arguments
White House chief of staff Rahm Emanuel called Sen. Bernie Sanders, Independent of Vermont, to explain to him that the White House officials oppose Sanders’ amendment to allow an audit of the Federal Reserve because their economic advisers believe it “would get Congress involved in the day-to-day affairs of Fed ...
Grayson: Geithner doesn't want Fed audit for personal reasons
Rep. Alan Grayson (D-Fla.) suggested Friday that Treasury Secretary Tim Geithner opposes an audit of the Federal Reserve bank because he would be personally damaged by a probe. Grayson -- who co-sponsored an amendment to the House's financial reform bill to force a full audit of the central bank -- ...
Effort to expand audits of Fed picks up steam in Senate
A contentious effort to expand audits of the Federal Reserve that sailed through the House despite heavy criticism appears to be picking up steam as the Senate considers broad new financial regulations. Sen. Bernard Sanders (I-Vt.) is pushing an amendment to the financial overhaul bill before the Senate that would ...
Audit the Fed: What Did They Do With Our Money?
We're entering the final innings of the debate over financial reform. There are many important issues still up in the air including whether the law will do anything to break up the big banks and prevent them from engaging in risky trading. Remarkably, the place where the Obama administration has ...
Aaron Bartley is Executive Director of People United for Sustainable Housing (PUSH).
April 28th, 2010
PUSH Buffalo Joins the Showdown on Wall Street
In the nearly two years since the biggest banks precipitated a devastating economic meltdown and then exploited the moment to win billions in taxpayer bailouts and billions more in free money from the Federal Reserve, not a single public demonstration of significance has darkened the doors of the Wall Street ...
Democrats push bank controls; GOP delays action
WASHINGTON – Undaunted by a Senate setback, Democrats appeared increasingly confident Monday they will be able to take advantage of Americans' anger at Wall Street and push through the most sweeping new controls on financial institutions since the Great Depression.The Senate, in a 57-41 vote, failed to get the 60 ...
Transcript & Video: Bill Black Testimony on Lehman Bankruptcy
Bill Black scorched everyone with his testimony on the failure of Lehman Brothers before the House Financial Services Committee today. His prepared remarks can be found here (PDF).CHAIRMAN KANJORSKI: And now we’ll hear from Mr. William K. Black, Associate Professor of Economics and Law, the University of Missouri, Kansas City ...
Top Republican asserts feds 'looked the other way' from financial fraud
Federal regulators "looked the other way" while Wall Street firms engaged in dubious practices that led to securities charges against Goldman Sachs, the senior House Republican on financial issues said Tuesday. Rep. Spencer Bachus (Ala.), the top Republican on the House Financial Services Committee, also suggested there was a certain ...
Grayson has another huge fundraising quarter
U.S. Rep. Alan Grayson continues to convert his fiery partisan rhetoric and populist political stands into big campaign dollars. The often-polarizing Orlando Democrat expects to report raising $803,000 in the first three months of 2010, a haul that will likely eclipse what all his Republican opponents have raised combined and ...
Top Fed Official Wants To Break Up Megabanks, Stop The Fed From Guaranteeing Wall Street's Profits
The U.S. should bust up its megabanks and impose strict laws curbing the size and complexity of financial institutions, a top Federal Reserve official told the Huffington Post.In a 45-minute interview this week, Federal Reserve Bank of Kansas City President Thomas M. Hoenig, who's emerged as one of the few ...
Larry Summers May Be Leaving Obama Administration
The conventional wisdom in Washington and on Wall Street has been that Treasury Secretary Tim Geithner -- the target of populist outrage over Wall Street bailouts and high unemployment -- would be the first to leave the Obama administration’s economic team after the mid-term elections. But the FOX Business Network ...
Consumer Agency Within Fed Seen as Victory for Banking Industry
March 3 (Bloomberg) -- For consumer advocates, housing a new agency to protect Americans from financial-product abuse within the Federal Reserve would be a defeat after lobbying for an independent body. For banks, it would represent a victory. Barney Frank, Chairman of the House Financial Services Committee, called a Senate ...
Ellen Brown is an author who developed her research skills as an attorney practicing civil litigation in Los Angeles.
February 24th, 2010
Campaigning for State-Owned Banks
While bank bailouts fatten Wall Street, states continue to battle the credit crisis. In the search for innovative solutions, some political candidates are proposing that states generate their own credit by setting up their own banks. State budgets for 2010 face the largest shortfalls on record, totaling $194 billion or ...
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 ...
Lawmakers Ask for Review of AIG Bailout
Two House lawmakers asked Congress' investigative arm on Thursday to review the Federal Reserve's role in the rescue of the insurer American International Group Inc. The request came from Rep. Edolphus Towns D-New York, chairman of the House Oversight and Government Reform Committee, which is conducting its own probe into ...
WASHINGTON (Reuters) - Ben Bernanke's confirmation to a second term as Federal Reserve chairman suddenly appeared in jeopardy on Friday even after U.S. Senate Majority Leader Harry Reid said he would back him. Two Senate Democrats on Friday announced they would oppose Bernanke, citing concerns about the economy that promise ...
Bernanke's approval is clearly on the ropes. This has prompted the Wall Street and elite media crew to rustle up all the tricks they used to push TARP through back in October of 2008. First and foremost, they are pointing to the decline in the stock market as evidence that ...
Bernanke Forgot About His Role In Causing the Great Recession
Ben Bernanke's column in the Washington Post has to be absolutely infuriating to anyone old enough to remember the events of 2008. In this column, Bernanke lectures the public about the need for the Federal Reserve Board to preserve its independence from Congress, explaining that:"The government's actions to avoid financial ...
Who Are You and What Have You Done With the Community Organizer
What's up with Barack Obama? The candidate for change once promised to take on the powerful banking interests but is now doing their bidding. Finally, a leading Democrat, in this case Senate Banking Committee Chairman Chris Dodd, has a good idea for monitoring the Wall Street fat cats who all ...
The Independence of the Fed at Risk: Watt versus Paul-Grayson
Representative Mel Watt (D-NC) is out to protect the independence of the Fed from the risk of an intrusive audit from the Government Accountability Office (GAO). The risk comes in the form of a bill initiated by Ron Paul and Alan Grayson that calls for an audit of the Fed. ...
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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
