They Keep Stealing - Why Keep Paying?
The dire straits of the middle class of America has made it near impossible for our politicians to keep up the pretense that our current government truly works for the "people." Between the multiple overt and secretive bailouts, the massive bonuses and the circular use of our tax money to ...
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 ...
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 ...
It’s as if last year’s meltdown—causing a $16 trillion bailout of the financial industry, the doubling of America’s unemployment rate and the loss of 2 million manufacturing jobs in 2008—had never taken place. Two of the five biggest investment banks, Bear Stearns and Lehman Brothers, have bitten the dust, but ...
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 ...
Michael Moore on Leno: "Capitalism is Legalized Greed"
By John Nichols / The Nation Americans who didn't witness filmmaker Michael Moore's appearance Tuesday night on NBC's "The Jay Leno Show" missed one of those rare moments when the vast wasteland gives way to an oasis of realism. Rarely since the days when author Gore Vidal regularly appeared on ...
Michael Moore’s Anti-Capitalist Attack Dazzles Italians: Review
Review by Farah Nayeri Sept. 8 (Bloomberg) -- “Michael, we love you!” Filmmaker Michael Moore is promoting his new movie “Capitalism: A Love Story” to the media at the Venice Film Festival. He is stopped in his tracks when an Italian female reporter unfurls a banner bearing those adoring words. ...
Michael Moore Blasts Bank ‘Coup D’Etat,’ State Bailout: Review
Review by Farah Nayeri Sept. 7 (Bloomberg) -- “We’re here to get the money back for the American people,” says filmmaker Michael Moore, as he tries to take an empty canvas bag into the heavily guarded headquarters of a bailed-out bank. The 55-year-old satirist has much to rant about, what ...
Michael Moore Slams Bailout of Wall Street, Wants 'Money Back'
By Farah Nayeri Sept. 5 (Bloomberg) -- Michael Moore launched his movie "Capitalism: A Love Story" at the Venice Film Festival today, staging an all-out attack on the free-market system and on the U.S. government bailout of financial institutions. "Capitalism is an evil, and you cannot regulate evil," Moore, an ...
Where Are They Now? Ex-Bush Loyalists Cash In ...by Nick Turse
TomDispatch In May, the U.S. economy lost 345,000 nonfarm jobs, pushing the unemployment rate from 8.9% to 9.4%. According to official statistics, 14.5 million Americans are now looking for work and, as a recent headline at Time.com put it, "The jobs aren't coming back anytime soon." In fact, a team ...
A Trillion Dollars for the Banks: How About a Second Opinion? ...by Dean Baker
Truthout Treasury Secretary Timothy Geithner wants to have the government lend up to a trillion dollars to hedge funds, private equity, funds and the banks themselves to clear their books of toxic assets. The plan implies a substantial subsidy to the banks. It is likely to result in the disposal ...
Fed Refuses to Release Bank Data, Insists on Secrecy
By Mark Pittman and Craig Torres March 5 (Bloomberg) -- The Federal Reserve Board of Governors receives daily reports on bailout loans to financial institutions and won't make the information public, the central bank said in a reply to a Bloomberg News lawsuit. The Fed refused yesterday to disclose the ...
By William Greider / The Nation Governing elites in Washington and Wall Street have devised a fiendishly clever "grand bargain" they want President Obama to embrace in the name of "fiscal responsibility." The government, they argue, having spent billions on bailing out the banks, can recover its costs by looting ...
Obama Is Open to Expanding Financial Rescue Plan
By Mark Pittman and Bob Ivry Feb. 9 (Bloomberg) -- The stimulus package the U.S. Congress is completing would raise the government's commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation's home mortgages. The Federal Reserve, Treasury Department and ...
Treasury Injects $20 Billion More; Stock at 1991 Level By Dan Fitzpatrick, Deborah Solomon and Susanne Craig / Wall Street Journal Reeling from previously undisclosed losses from its Merrill Lynch & Co. acquisition, Bank of America Corp. received an emergency capital injection of $20 billion from the Treasury, which will ...
Frank outlines bailout overhaul
His bill would dedicate $50 billion for reducing foreclosures, and force companies to say how they use TARP funds. By Colin Barr / Fortune New York -- House Financial Services Chairman Barney Frank released an outline Friday of a plan to reshape how the government spends the rest of the ...
Where'd the bailout money go? Shhhh, it's a secret
By Matt Apuzzo / Associated PressWASHINGTON – It's something any bank would demand to know before handing out a loan: Where's the money going? But after receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply ...
U.S. rescues carmakers, seeks more money for banks
By Mary Milliken / Reuters NEW YORK, Dec 19 - The U.S. government threw a $17.4 billion lifeline on Friday to Detroit carmakers crippled by the severe economic downturn, and Treasury called on Congress to release more money for the still fragile banks. The long-awaited car bailout caps a week ...
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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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
'The East'
Why have you started a comedy festival in northern Michigan in the middle of winter?
Because if you were here in the dead of winter in the middle of nowhere (which is actually somewhere to us), you'd need a few laughs too ... Continue Reading
Michael Moore on MSNBC with Michael Eric Dyson, 3/22/13
Michael Moore on Democracy Now!, 6/28/12
Michael Moore on the Rachel Maddow Show, 5/11/12
Michael Moore on MSNBC, Super Tuesday, 3/6/12
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Michael Moore on the Rachel Maddow Show, 2/27/12
