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 ...
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 ...
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 ...
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 ...
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 ...
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," ...
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, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
'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 ...
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 ...
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 ...
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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
