Tag: Bankster Frauds

Pay at top Wall Street firms estimated at $145 billion in 2009

Original article, by Andre Damon and subtitled As JP Morgan reports record compensation, via World Socialist Web Site:

The Wall Street Journal published an estimate Thursday that total pay at the largest Wall Street firms reached $145 billion last year. The Journal’s figure, based on preliminary figures, is more than any other year in history.

Big banks grow more powerful under Obama

Umm…surprise, surprise.

Original article, by Andre Damon, via World Socialist Web Site:

The AFL-CIO and “nationalization”

Original article, by Barry Grey, via World Socialist Web Site:

The AFL-CIO Executive Council, at its annual winter meeting in Miami Beach, Florida, adopted a resolution Thursday urging the Obama administration to temporarily nationalize failing banks. What is the significance of this policy statement? Does it represent a radical reorientation by the AFL-CIO, which, after all, has been throughout its history an implacable foe of socialism and defender of the profit system?

Stop giving our cash to bankers – Sack them!

Original article via Socialist Worker (UK):

Disgraced banker Fred Goodwin is going to keep his £16 million pension, despite some bluster from elements of the Labour government.

How to change the bailout meme.

Let’s face it, we’re facing giving the bankster frauds and bosses another trillion (or two or, who knows where it will end). We all know that the Republicans will be happy to give that money to their natural allies, so we have to find a way to stiffen up what spine remains in the Democratic side of the duoparty (those who aren’t members already have shown spine). The question is, how to do this?