The Senate Banking Committee released the findings from its investigation of Washington Mutual – the largest S&L and largest bank failure. My research specialty is “control fraud.” These are frauds led by those that control seemingly legitimate entities and use them as a “weapon” to defraud. Financial control frauds’ “weapon ...
Articles tagged with: “Hank Paulson”
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The Watchdog: Elizabeth Warren
There are many ways to become our Bostonian of the Year. You could be one of the nation’s preeminent bankruptcy scholars, and a tenured professor of law at Harvard University, and a talking head for Frontline specials and Michael Moore’s latest documentary, and a leading voice decrying the human cost ...
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 ...
I recall that September day like it was yesterday—the explosion so stunning, so memorable. It wasn’t 9/11/01, it was 9/29/08—a moment when a rare blast of populist democracy briefly singed the economic terrorists who hold the Capitol hostage. It had been a dark and stormy month of financial collapse, culminating ...
Goldman takes on new role: taking away people's homes
SAN JOSE, Calif. — When California wildfires ruined their jewelry business, Tony Becker and his wife fell months behind on their mortgage payments and experienced firsthand the perils of subprime mortgages. The couple wound up in a desperate, six-year fight to keep their modest, 1,500-square-foot San Jose home, a struggle ...
The secret Paulson-Goldman meeting
Andrew Ross Sorkin's new book is out today, and breaks some pretty stunning news, dating from the end of June, 2008. At this point, we're still months away from the now-famous but then-secret waiver, issued in mid-September, which allowed Hank Paulson to talk to Goldman Sachs; he'd promised not to ...
Geithner Aides Reaped Millions Working for Banks, Hedge Funds
Oct. 14 -- Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms.The advisers include Gene Sperling, who last year took in ...
It would be nice to believe that things will be different next time.“What’s the point in bailing them out if there aren’t any jobs?’’ asks one of the organizers of the Christmastime protest at Republic Windows and Doors, the Chicago company whose laid-off workers staged a peaceful, six-day sit-in at ...
Congresswoman Marcy Kaptur steals the show in Michael Moore’s new movie Capitalism: A Love Story as the sharp-tongued critic of last year’s financial bailout. Sitting in her Washington office, the cheerful 63-year-old representative from Ohio has the manner of a benevolent fairy godmother, but her message is harsh and to ...
Michael Moore exposes Paul Ryan’s bank bailout bluster
Wisconsin Congressman Paul Ryan is one of the stars of Michael Moore's new movie, "Capitalism: A Love Story."But you can bet that the conservative from Janesville is hoping that none of his constituents sees his performance.In a section of the critically acclaimed examination of how Wall Street insiders diverted hundreds ...
Friends, Thank you, all of you, who packed the theaters across North America last night to see my new film. The movie houses were rockin'! The national movie exit poll company announced this morning that the audiences in America gave "Capitalism: A Love Story" a rare "A" rating! Wow, thank ...
'Capitalism' Opens Today at a Theater Near You! ...an invitation from Michael Moore
Friends, For two months, we've sat and watched the rabid right achieve the unimaginable: Derail universal health care and send the Democrats in Congress running for cover. Many have asked, "How did this happen? How could a small minority of angry people control the public agenda? Where is the majority's ...
Showmanship Moore's top commodity in 'Capitalism'
By Christy Lemire / AP LOS ANGELES — How do you make a movie about the country's current economic crisis and actually get people to see it? Two obstacles most obviously arise: illustrating such a potentially dry subject in a compelling way, and persuading audiences to pay money for information ...
By Xan Brooks / Guardian The bankrobbers caught on CCTV at the start of Capitalism: A Love Story are a forlorn and feeble bunch. We see a bedraggled old man in a Hawaiian shirt, and what looks to be a 12-year-old boy wearing a balaclava. For all their flailing efforts, ...
By Leslie Felperin / Variety An Overture Films release of a Paramount Vantage, Overture Films presentation in association with the Weinstein Co., of a Dog Eat Dog production. (International sales: Paramount Vantage, Los Angeles.) Produced by Michael Moore, Anne Moore. Executive producers, Kathleen Glynn, Bob Weinstein, Harvey Weinstein. Co-producers, Rod ...
Goldman Sachs is back, and we should be worried ...by Robert Reich
We've bailed them out once -- and now they're back to their high-risk ways. Expect others to followSalonShould we breathe a sigh of relief that Goldman Sachs has posted record earnings as revenue from trading and stock underwriting reached all-time highs (second quarter net income was $3.44 billion) -- less ...
Banks to Assure Congress About Use of Public Funds
Wall Street Executives Say They're Looking to Improve Risk Management By Amit R. Paley and Howard Schneider / Washington Post Wall Street is trying to move out of its defensive crouch, with top bankers telling Congress today that they are making loans, managing their money prudently, and intending to pay ...
Steven Chu: 'Coal is My Worst Nightmare'
By Keith Johnson / Wall Street Journal So Steven Chu, President-elect Obama's likely choice to head the Department of Energy, is a proponent of energy efficiency and conservation as the first step in rejigging America's energy mix. But since conservation alone won't do it, what are his ideas about finding ...
By Geoff Dyer / Financial Times The US was lectured about its economic fragilities on Thursday as senior Chinese officials urged the administration to stabilise its economy, boost its savings rate and protect Chinese investments. The message went to Hank Paulson, the US Treasury secretary, in Beijing for the strategic ...
White House Opens Door To Dissenters
Aversion to Criticism Appears to Be Fading By Peter Baker / Washington Post When retired Gen. Barry R. McCaffrey criticized the Bush administration's handling of the Iraq war three years ago, he was lambasted as an armchair general and deemed an adversary by the Pentagon. So even McCaffrey was surprised ...
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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 ...
