Hundreds Rally on Wall St., Demanding Action to Combat Economic Crisis
By Alex Kane / Indypendent Channeling widespread populist anger at seemingly never ending bank bailouts and excessive executive compensation, hundreds of demonstrators converged on Wall St. this afternoon for a rally and march through the financial district, even as a steady rain continued throughout the day. Organized by the Bail ...
NYC protesters ask US to 'bail out the people'
By Verena Dobnik NEW YORK (AP) — Chanting "Whose street? Our street!" hundreds of people rallied on Wall Street on Friday to protest the billions of dollars in federal bailout money to big business. Monica Moorehead, managing editor of the left-leaning newspaper Workers World, said the crowd gathered to protest ...
Activists protest bailouts near Wall Street
By Christine Kearney NEW YORK, April 3 (Reuters) - Several hundred demonstrators protested near Wall Street on Friday against the handling of the U.S. economic crisis, government bailouts of private banks and corporations and bonuses paid out at insurer AIG. Members of worker rights, healthcare and anti-war groups gathered in ...
As Crisis Loomed, Geithner Pressed But Fell Short
Before Timothy Geithner became Treasury chief, he regulated major U.S. banks. Now he says: "We're having a major financial crisis in part because of failures of supervision." By Robert O'Harrow Jr. and Jeff Gerth / Washington Post In September 2005, Timothy Geithner made one of his most visible moves as ...
Protest erupts outside AIG headquarters
by Justin Reynolds / Wilton Bulletion Saturday afternoon brought some of this year's best weather, but outside American International Group Financial Products' headquarters in Wilton, roughly 30 protesters gathered, creating a storm of anger against the company's decision to use government bailout money to give some of its employees bonuses. ...
Protesters visit AIG officials' lavish Conn. homes
By John Christoffersen / Associated Press FAIRFIELD, Conn. – A busload of activists representing working- and middle-class families paid visits Saturday to the lavish homes of American International Group executives to protest the tens of millions of dollars in bonuses awarded by the struggling insurance company after it received a ...
Anti-AIG demonstrations draw small, animated crowds
By Christine Kearney NEW YORK (Reuters) - Small crowds of protesters angered by the government's $180 billion bailout of AIG marched in cities across the United States on Thursday, mocking bonuses paid to employees who helped push the company to the brink of collapse. The largest U.S. labor union, the ...
Dem Congressman on AIG: 'One of Those Times We Have to Amputate'
By Elana Schor / Talking Points Memo I just spoke with Rep. Alan Grayson (D-FL), a freshman on the House Financial Services Committee who's become a fast-rising star thanks to his tenacious advocacy for transparency in bailout lending by the Federal Reserve. Grayson joined fellow Democrats as well as Republicans ...
US Senator: AIG execs should consider suicide
WASHINGTON (AFP) — A prominent US Senator has suggested that top executives of the bailed-out insurer AIG ought to quit or kill themselves, which he described as the Japanese model of honorably taking responsibility. Senator Charles Grassley, the top Republican on the Senate Finance Committee, told a radio station in ...
A.I.G., Where Taxpayers' Dollars Go to Die
By Gretchen Mortgenson / New York Times "Derivatives are dangerous." That simple sentence, written by Warren Buffett, begins an enlightening discussion in Berkshire Hathaway's most recent annual report. Mr. Buffett's views on derivatives, gleaned from his own unhappy encounters with them, should be required reading for all United States taxpayers. ...
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 ...
Top U.S., European Banks Got $50 Billion in AIG Aid
By Serena Ng and Carrick Mollenkamp / Wall Street Journal The beneficiaries of the government's bailout of American International Group Inc. include at least two dozen U.S. and foreign financial institutions that have been paid roughly $50 billion since the Federal Reserve first extended aid to the insurance giant. Among ...
Bernanke grilled on latest $30B bailout of AIG
By Jeannine Aversa / Associated Press WASHINGTON – Irritated lawmakers grilled Federal Reserve Chairman Ben Bernanke Tuesday over the latest bailout of American International Group, even as the Fed chief warned that an economic recovery hinges on the government's success in stabilizing shaky financial markets and their major players. "I ...
Communities Slammed by Surge in Bank-Owned Homes
Real Estate Owned Properties Expected to Hit 1.5 Million By Mary Kane / Washington Independent Banks that received government bailout money are taking heat for spending billions of dollars on bonuses, executive pay, and lavish outings. But there's another outrage that Washington seems to be missing: The growing number of ...
How could a single unit of AIG cause the giant company's near-ruin and become a fulcrum of the global financial crisis? By straying from its own rules for managing risk and then failing to anticipate the consequences. By Robert O'Harrow Jr. and Brady Dennis / Washington Post The contracts were ...
Citi, AIG Won't Drop Big Sports Sponsorships
Critics Slam Bailed-Out Firms' Pricey Deals for Naming Rights, Logo Placement By Justin Rood / ABC News AIG, Citibank and a number of other federally bailed-out financial institutions have no plans to cancel hundreds of millions of dollars in sports team sponsorships, even as they take billions in taxpayer support, ...
The plan involves a $20-billion infusion and guarantees on hundreds of billions in bad loans. By Peter G. Gosselin / Los Angeles Times The federal government rushed to the aid of faltering banking giant Citigroup Inc. late Sunday night, agreeing to invest $20 billion more and accept the lion's share ...
U.S. Offers Citigroup Expansive Safety Net
Aim Is to Restore Confidence in Critical Bank By Neil Irwin and David Cho / Washington Post The government said last night that it will provide a multibillion-dollar backstop for Citigroup, revamping emergency efforts yet again to head off the failure of a company more deeply intertwined with the financial ...
"The Party's Over?" ...questions for Nancy Pelosi from Cindy Sheehan
The title for this piece was a very unfortunate statement that Nancy Pelosi made after she handed the banksters on Wall Street 700 billion dollars of our money. This was a whopper of a crime that bailed out fabulously wealthy people who took risks that made them rich on the ...
Here's How to Fix the Wall Street Mess ...from Michael Moore
[DO SOMETHING: Click here to endorse 'Mike's Rescue Plan.' All signatures will be sent to Nancy Pelosi before Friday’s House Vote.] Friends, The richest 400 Americans -- that's right, just four hundred people -- own MORE than the bottom 150 million Americans combined. 400 rich Americans have got more stashed ...
Bailout foes hold day of protests
Grassroots groups and online activists rally against the proposed taxpayer rescue of Wall Street. NEW YORK (CNNMoney.com) -- The public backlash against the Bush administration's proposal to use tax dollars to bailout Wall Street spilled into the streets Thursday. "People all over the country are up in arms about this," ...
Stocks Finish Lower as Oil Price Spikes
By Megan Davies / Reuters U.S. stocks fell on Wednesday as spiking oil prices reawakened concerns about increased corporate costs, but investors took reassurance from remarks by Federal Reserve Chairman Alan Greenspan that signaled no change in interest-rate policy. U.S. crude oil futures surged above $53 a barrel, a four-month ...
Intelligence Nominee Vows to Sell Stock
By Katherine Shrader / Associated Press John Negroponte, President Bush's choice for intelligence chief, is a multimillionaire who promised last year to sell stock in companies that have business stakes in Iraq's reconstruction, according to his financial disclosure reports. It is unclear from two April reports, Negroponte's most recent filings, ...
By Naomi Klein / The Nation When President Bush appointed former Secretary of State James Baker III as his envoy on Iraq's debt on December 5, 2003, he called Baker's job "a noble mission." At the time, there was widespread concern about whether Baker's extensive business dealings in the Middle ...
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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
