Here Comes Trouble: Stories from My Life

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Articles tagged with: “Financial Crisis”

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July 14th, 2010

Feingold Will Vote Against Financial Services Reform Bill

With three Republican senators (Scott Brown of Massachusetts and Mainers Susan Collins and Olympia Snowe) now signaling that they will vote with Democrats to enact new rules for how Wall Street and the big banks do business, President Obama says the country is on the verge of taking the steps necessary to prevent future financial meltdowns.“What members of both ... continue reading

June 25th, 2010

Wall Street dodges bullet on derivatives

NEW YORK -- It's a brave new world for the derivatives market. Or is it?Congress' efforts to reshape this murky corner of the nation's financial system may have little impact on the Wall Street firms that dabble in these complex financial investments. As part of the financial regulatory reform bill ... continue reading

June 25th, 2010

Obama claims victory in financial overhaul deal

WASHINGTON – House and Senate negotiators reached a dawn agreement Friday on legislation that redefines federal oversight of Wall Street and, following the signing of the health care act in March, adds another milestone to mark the Obama presidency.President Barack Obama declared victory Friday after congressional negotiators reached agreement on ... continue reading

June 23rd, 2010

Military lures older recruits hurt by poor economy

TAMPA, Fla. - Kim Medeiros jogs around her block in Brandon, Fla. wearing a sauna suit. Then the 41-year-old mother of three pulls off the trash bag-like poncho, angles herself on a picnic table and starts knocking out pushups.Medeiros joins the Army in September. She says it offers her a ... continue reading

May 17th, 2010

Police: Foreclosure Led to Murder-Suicide

HOUSTON - Homicide investigators say a northwest Houston home under foreclosure apparently led the struggling residents to take their own lives. Police arrived at approximately 11 p.m. Sunday to the home on Arncliffe Drive near Antoine Drive and found a married couple shot to death. The couple left notes that ... continue reading

April 14th, 2010

Man facing foreclosure rams home

NEW CARLISLE, Ohio - A New Carlisle man facing foreclosure, is also facing criminal charges. Clark County officials said that Steve Doak tried to tear down his Firwood Drive home after he learned the bank was foreclosing on the property. "As far as I'm concerned I am not done yet," ... continue reading

April 14th, 2010

Dylan Ratigan Puppet Show Helps Explain Financial Crisis

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March 18th, 2010

Govt rewarded bank auditors with big bonuses

WASHINGTON – As banks gambled on the risky mortgages that helped create the worst financial crisis in generations, the U.S. government handed out millions of dollars in bonuses to regulators at agencies that missed or ignored warning signs that the system was on the verge of a meltdown. The bonuses, ... continue reading

March 16th, 2010

Michael Moore, Brave New Films Live Chat with Robert Greenwald and You

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Robert Greenwald

Filmmaker, Brave New Films

March 15th, 2010

Come Chat With the New WH Chief of Staff, Michael Moore

When I first heard the title of Michael Moore's new movie, Capitalism: A Love Story, I laughed out loud. I already felt Michael was on to something. And then, the economy collapsed. A decade of wealth, gone. The words "economic depression" dancing around the edges of news stories. I really ... continue reading

March 1st, 2010

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 ... continue reading

March 1st, 2010

Credit crunch hits Al-Qaeda hard: experts

Al-Qaeda is running out of cash, experts say, with traditional sources of financing under increasingly tight surveillance and donors demotivated or suffering from the financial crisis.As a result, the heart of the network founded by Osama Bin Laden is busy financing its own survival while counting on partners, often relatively ... continue reading

February 10th, 2010

Greek workers strike as government tightens belt

Athens, Greece (CNN) -- Greek workers were holding a one-day strike Wednesday to protest government efforts to stave off a financial crisis. Thousands of public-sector workers and their supporters began the 24-hour walkout at 9 a.m. (2 a.m. ET), though local media said workers at Athens' main international airport began ... continue reading

January 21st, 2010

Obama Turns To Populist Pitch To Reclaim Anti-Establishment Mantle

The White House and Congress Democrats are launching a major populist initiative in an effort to lead, rather than suffer from, the anti-Wall Street, anti-establishment mood sweeping the country. In a sharp turnaround, the administration on Thursday announced a new proposal to place limits on the size of banks and ... continue reading

December 11th, 2009

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 ... continue reading

December 11th, 2009

Another wave of Phoenix-area foreclosures forseen

TEMPE, Ariz. — An Arizona State University professor is predicting another wave of home foreclosures early next year in the Phoenix metropolitan area.Associate Professor of Real Estate Jay Butler is the author of the latest Realty Studies report from the W. P. Carey School of Business at ASU.He believes the ... continue reading

December 11th, 2009

Future bleak for foreclosures, experts say

The home foreclosure crisis is worsening despite the Obama administration throwing billions of dollars at the problem, two local foreclosure experts said Thursday.Mark Seifert, executive director of the Cleveland-based Empowering and Strengthening Ohio's People, and Paul Bellamy, director of the Cuyahoga County Foreclosure Prevention Program, said the federal Home Affordable ... continue reading

December 3rd, 2009

Michael Moore takes "Capitalism" censure to Japan

TOKYO (Reuters) - Firebrand director Michael Moore is in Japan to promote his latest documentary on the global economic meltdown, which he says should resonate in a nation that has already seen the dark side of capitalism. "Capitalism: A Love Story" opens in Japan on Saturday, and Moore, on his ... continue reading

Dean Baker

Co-Director, CEPR

November 29th, 2009

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 ... continue reading

November 25th, 2009

Kaptur Takes on Foreclosures

Before President Bush left office, Representative Marcy Kaptur visited then-Treasury Secretary Henry Paulson Jr. and presented him with a list of all of the people in her district whose properties had been foreclosed. Although each page included four columns of names, the full list still stretched all the way down ... continue reading

November 17th, 2009

One year later, gov't can't track TARP

CHARLOTTE, NC (WBTV) - One year ago, America's biggest banks were failing. And the government was more than willing to bail them out.We now know it as TARP.But at the time it was called the "Healthy Banks Program."Wheel barrows full of cash - billions of taxpayer dollars - were spent ... continue reading

November 16th, 2009

Your choice - the film or the fundraiser?

I saw Michael Moore's new film Capitalism - A Love Story last week and readers of this blog won't be surprised I'm giving it a five-star rating.It's in the same style as his previous films Bowling for Columbine and Sicko as he picks apart the economic crisis and the greatest ... continue reading

November 14th, 2009

'America's Mayor' Calls for a Moratorium on Home Foreclosures

Thursday, November 12th, on MSNBC's 'The Ed Show,' Virg Bernero, Mayor of Lansing, Michigan, calls for a moratorium on home foreclosures:ED SCHULTZ, MSNBC HOST: I know the housing market is still not stable for a lot of Americans. What -- have we done enough there? What would you do if ... continue reading

November 12th, 2009

Report: AIG CEO ready to quit over pay constraints

NEW YORK — After just three months as head of embattled insurer American International Group, Robert Benmosche has threatened to leave his post as he struggles to deal with heavy government oversight and restrictions on what the bailed-out company can pay employees, according to a published report.Citing unnamed people familiar ... continue reading

November 9th, 2009

Millions in the United States lack access to affordable, adequate housing – UN

9 November 2009 – An independent United Nations expert has warned that the United States is an increasingly expensive place to find housing, leaving many more people homeless at a time when the financial crisis is hitting hard across the country. “Millions of people in the U.S. are spending high ... continue reading

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George W. Bush Debuts New Paintings Of Dogs, Friends, Ghost Of Iraqi Child That Follows Him... President Bush has a new hobby -- painting! --...

Apr 17th
7:28 PM
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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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