Bomb blast hits J.P. Morgan building in Greece
A medium sized-bomb exploded Tuesday at a building housing offices of J.P. Morgan, the financial services firm, Greek police said. A warning was phoned to a Greek newspaper 30 minutes before the explosion, and police evacuated the building, police spokesman Takis Papapetropoulos told CNN. No one was hurt. The callers ...
Group demands banks give up bonuses to fill state budget gap
Hundreds of sign-toting members of Iowa Citizens for Community Improvement (CCI) stormed the lobbies of two downtown Des Moines banks Tuesday afternoon, temporarily halting business activities to demand the banks give up their employee bonuses to help pare down Iowa’s projected $1 billion budget shortfall.While customers and bank employees looked ...
Wall Street may cut size of bonus pool
Wall Street firms, facing pressure from politicians and shareholders to rein in pay, may report smaller bonus pools because of lower fourth-quarter revenue and public outrage, analysts say. Goldman Sachs, Morgan Stanley and JPMorgan Chase's investment bank may hand out $US27.6 billion ($30 billion) in bonuses, according to analysts' estimates. ...
Why Obama Must Take On Wall Street
It has been more than a year since all hell broke loose on Wall Street and, remarkably, almost nothing has been done to prevent all hell from breaking loose again.In fact, close your eyes and you could be back in the wilds of 2007. Bankers are still making wild bets, ...
'Big is bad' catches on in Congress
The populist angst aimed at Wall Street banks is already spilling into Senate deliberations on regulatory reform, and a powerful new sentiment — big is bad — is being echoed by liberals and conservatives alike.The anger at the nation’s financial behemoths is taking shape in a variety of ways, most ...
Foreclosure wave feared as mortgage aid lags behind goal
WASHINGTON - Just over 31,000 homeowners have received permanent loan modifications since March under the Obama administration’s mortgage relief plan, spotlighting some of the program’s failures.Among big lenders, Bank of America Corp. had the worst results. The nation’s largest lender had completed 98 modifications for the 160,000 borrowers who had ...
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 ...
Veterans: Lip Service, Bankers: Billions & America: Foreclosures - Here’s The Fix
One thing about doing a two hour show that heavily covers both the financial crisis and the wars in Iraq and Afghanistan is that you notice on a daily basis the shocking juxtaposition between the lucky Wall Streeters and the unlucky soldiers. We all know at this point that our ...
Wall Street Bonuses Rise as Big 3 May Pay $30 Billion
Nov. 9 -- Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis since the Great Depression, are set to pay record bonuses this year. The firms -- the three biggest banks to exit the Troubled Asset Relief Program -- will ...
Keep consumers safe by bringing back Glass-Steagall Act
A year ago the U.S. Treasury was pumping billions of borrowed dollars into banks judged to be "too big to fail." This cannot be allowed to happen again.This page has already suggested one solution. It is a radical one: Make the big banks small enough to fail. Break them up.Nearly ...
Protests at US bankers' convention
America's bankers may not agree on much. But on one issue, they are entirely united. They refuse to become humble whipping boys, taking the blame from an angry nation for the global financial crisis.More than 1,500 senior executives from banks across the nation congregated in Chicago this week for what ...
Economy Yielding ‘Very Angry’ People, Bankers Told
Oct. 26 -- A top American Bankers Association official defended the group’s members against demonstrators massing in Chicago to protest the industry’s opposition to proposed regulations in response to the financial crisis.“A lot of people lost their jobs, and they are very frustrated and they’re very angry,” Bob Schmermund, executive ...
Wall Street On Track To Award Record Pay
Major U.S. banks and securities firms are on pace to pay their employees about $140 billion this year -- a record high that shows compensation is rebounding despite regulatory scrutiny of Wall Street's pay culture.Workers at 23 top investment banks, hedge funds, asset managers and stock and commodities exchanges can ...
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 ...
For Those of You on Your Way to Church This Morning ...a note from Michael Moore
Friends, I'd like to have a word with those of you who call yourselves Christians (Muslims, Jews, Buddhists, Bill Maherists, etc. can read along, too, as much of what I have to say, I'm sure, can be applied to your own spiritual/ethical values). In my new film I speak for ...
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 ...
PolitiFact Truth-O-Meter: Goldman Sachs contributions to Obama
CNN Barack Obama got many campaign contributions from Goldman Sachs Liberal filmmaker Michael Moore has a new film coming out -- Capitalism: A Love Story -- and he appeared on Comedy Central's The Colbert Report to promote it. The show's ironically conservative host, Stephen Colbert, defended capitalism and the bailouts ...
DealBook's Interview With Michael Moore
New York Times Not many people can lay claim to attempting a “citizen’s arrest” of the nation’s banking bosses. But it’s par for the course for Michael Moore, the controversial film maker whose latest documentary on the financial crisis takes a harsh look at capitalism — and Wall Street banks ...
Autos, banks spend $20M lobbying
By Silla Brush / HillAuto companies and eight of the country's biggest banks that received tens of billions of dollars in federal bailout money spent more than $20 million on lobbying Washington lawmakers in the first half of this year. General Motors, Chrysler and GMAC, the finance arm of GM, ...
Dismantling the Temple ...by William Greider
NationDuring the past year, the Fed has flooded the streets with money--distributing trillions of dollars to banks, financial markets and commercial interests--in an attempt to revive the credit system and get the economy growing again. As a result, the awesome authority of this cloistered institution is visible to many ordinary ...
The New York Fed is the most powerful financial institution you've never heard of. Look who's running it. Slate The kerfuffle about current New York Federal Reserve Bank Chairman Stephen Friedman's purchase of some Goldman stock while the Fed was involved in reviewing major decisions about Goldman's future—well-covered by the ...
Obama Says Chrysler Holdout Lenders Speculated on U.S. Bailout
By Julianna Goldman and Linda Sandler April 30 (Bloomberg) -- President Barack Obama said Chrysler LLC lenders who turned down his buyout offers are a "small group of speculators" who forced the automaker into bankruptcy. "A group of investment firms and hedge funds decided to hold out for the prospect ...
Bear, AIG Dumped $74 Billion in Subprime, CDOs on Fed
April 24 (Bloomberg) -- The Federal Reserve took on more than $74 billion in subprime mortgages, depreciating commercial leases and other assets after Bear Stearns Cos. and American International Group Inc. collapsed. In its biggest disclosure of the securities accepted to stabilize capital markets, the Fed said yesterday it had ...
Chrysler lenders offer to swap $2.5B for equity
By Tom Krisher and Dan Strumpf DETROIT (AP) — Banks and hedge funds that hold $6.9 billion in Chrysler LLC debt have proposed forgiving $2.5 billion of it in exchange for about a 40 percent stake a Chrysler-Fiat alliance, according to two people briefed on the proposal. One of the ...
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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 ...
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 ...
February 20th, 2013
Last night was the Motion Picture Academy-sponsored dinner in Beverly Hills honoring the directors and producers of this year's five nominated films for Best Documentary. ...
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 ...
'Dirty Wars' by Jeremy Scahill
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
Visit msnbc.com for breaking news, world news, and news about the economy
Michael Moore on the Rachel Maddow Show, 2/27/12
