Goldman Sachs: An Old-School Mafia Family?

goldman sachs cares

Joseph Palermo: The amazing thing about Mr. Smith’s decision to break the code of omertà at Goldman was the fact that an employee existed there at all who was still capable of making a moral or ethical judgment and could even express something resembling remorse.

Why Goldman’s Greg Smith’s Critique Is Way Too Narrow

goldman sachs muppets

Robert Reich: If you took the greed out of Wall Street all you’d have left is pavement. The problem is endemic abuse of power and trust.

A Government Overwhelmed by Corporate Money

corporate regulations

Robert Reich: American business won’t and can’t lead the way to more and better jobs in the United States. First, the private sector is increasingly global, with less and less stake in America. Second, it’s driven by the necessity of creating profits, not better jobs.

The Remarkable Political Stupidity of the Street

waive bank fees

Robert Reich: Wall Street is its own worst enemy. It should have welcomed new financial regulation as a means of restoring public trust. Instead, it’s busily shredding new regulations and making the public more distrustful than ever.

American Competitiveness, and the President’s New Relationship with American Business

obama immelt

Robert Reich: President Obama must not be seduced into believing — and must not allow the public to be similarly seduced into thinking — that the well-being of American business is synonymous with the well-being of Americans.

“Fox Pays GOP Presidential Hopefuls”

Rupert Murdoch, Wife Wendy Deng

Mike Price: Given Rupert Murdoch’s widely known insatiable hunger for power, reading another story about his carefully constructed Politician Enslavement Program probably won’t shock you out of your ‘jammies.

New Finance Bill: Mountain of Legislative Paper, Molehill of Reform

Lloyd Blankein, Goldman Sachs

Robert Reich: The American people will continue to have to foot the bill for the mistakes of Wall Street’s biggest banks because the legislation does nothing to diminish the economic and political power of these giants.

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