A Good Day on Wall Street Is a Bad Day for Most Americans

Lee Camp / Truthdig Feb 16, 2018 The U.S. economy is not based on health, happiness and life. It needs our death, misery and hardship in order to thrive. Dig deeper ( 7 Min. Read )

Banks Rejected Three Out of Four Requests for Loan Modifications Under Vaunted Obama Program

Alexander Reed Kelly / Truthdig Aug 1, 2015 One of the Obama administration’s “signature efforts to help homeowners” has “allowed big banks to run roughshod over borrowers again and again,” reports The New York Times. Dig deeper ( 1 Min. Read )

Does Barney Frank’s New Book Let Democrats Off the Hook?

Staff / Truthdig Apr 3, 2015 Truthdig Editor-in-Chief Robert Scheer confronts the former Massachusetts representative over President Clinton’s role in creating the Great Recession and other issues dividing progressives from the Democratic Party leadership.Truthdig Editor-in-Chief Robert Scheer confronts former Massachusetts Rep. Barney Frank over President Clinton’s role in creating the Great Recession and other issues dividing progressives from the Democratic Party leadership. Dig deeper ( 1 Min. Read )

Larry Summers and the ‘End-Game’ Memo

BLANK Aug 26, 2013 A 1997 memo retrieved from the filing cabinet of investigative reporter Greg Palast shows the involvement of Lawrence Summers -- Obama's current favorite for chairman of the Federal Reserve -- in a successful plan to help big bank CEOs "rip apart financial regulation across the planet." Dig deeper ( 2 Min. Read )

Greg Palast: Between Two Vultures

Alexander Reed Kelly / Truthdig Aug 6, 2013 International gumshoe reporter Greg Palast tells RT's Max Keiser how the fate of the Argentinian economy will be decided by a legal battle between the White House and Paul Singer -- "the great vulture speculator in America" and "probably the top donor, or organizer of donors for the Republican party" -- over the profits of big banks. Dig deeper ( 2 Min. Read )

Congress Still Puts Out for Wall Street

Robert Scheer / Truthdig May 28, 2013 The big banks' influence in Washington has only grown in direct proportion to the harm they have caused to the nation's economy. Dig deeper ( 4 Min. Read )

A Sign That Obama Will Repeat Economic Mistakes

Robert Scheer / Truthdig Dec 7, 2012 Reports in the business press tout a prime participant in the great banking hustle as a possible candidate to be the next Treasury secretary. Dig deeper ( 3 Min. Read )

Citigroup and 3 Other Banks Can’t Take the Stress

Staff / Truthdig Mar 14, 2012 Despite hefty bailouts and infinitesimal interest rates, Citi, Ally Financial, MetLife and SunTrust were not able to pass the latest round of stress tests designed and measured by the Federal Reserve. Dig deeper ( 1 Min. Read )

Obama’s New Chief of Staff Hails From Wall Street

Staff / Truthdig Jan 10, 2012 Jack Lew is a liberal who worked for Speaker Tip O'Neill and studied under beloved progressive Sen Paul Wellstone, but he was also the chief operating officer of a Citigroup unit and doesn't fault deregulation for the shoddy economy (more)Jack Lew is a liberal who worked for Speaker Tip O'Neill and studied under beloved progressive Sen. Dig deeper ( 1 Min. Read )

Too Big to Jail

Robert Scheer / Truthdig Nov 3, 2011 Can we all agree that a $1 billion swindle represents a lot of money? So why isn't former Citigroup Chairman Robert Rubin breaking a sweat? Dig deeper ( 4 Min. Read )

Wall Street Will Be Back for More

Chris Hedges / Truthdig Jan 11, 2010 When the bailout trillions run out, Wall Street's maladjusted gamblers will come back for more until our currency becomes junk Not that any of these people, who exhibit the same traits as psychopaths, have thought this through. Dig deeper ( 9 Min. Read )

Your Bailout Bill: $10,000 (and Counting)

Staff / Truthdig Jan 8, 2010 The total price tag for each American for the financial bailout is about $10,000. Could be worse: Brits are paying more than $47,000 apiece. The unemployed bear the brunt of the meltdown, but we all carry a debt for saving Citi, AIG and the rest. Dig deeper ( 1 Min. Read )