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Showing blog posts tagged with Wall Street

What Would You Do if the Bank Stole Your Home?

Wall Street wrecked the economy, and banks are still refusing to work with people who are trying to stay in their homes. The Campaign for a Fair Settlement, along with other partners, is calling on President Obama to champion an agenda that would:

1. Hold bankers accountable for their crimes.

2. Keep people in their homes by resetting their mortgages.

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100 Days to Fix What Wall St. Broke: Painful to See American Dream 'Rot Away'

100 Days to Fix What Wall St. Broke: Painful to See American Dream 'Rot Away'

Wall Street wrecked the economy and banks still are refusing to work with people who are trying to stay in their homes. The Campaign for a Fair Settlement, along with other partners, is calling on President Obama over the next 100 days to champion an agenda that would:

1. Hold bankers accountable for their crimes.

2. Keep people in their homes by resetting their mortgages.

Sign the petition here

______________________

Diane McCloud shared her story about her home underwater. Read more from 100 Stories of What Wall Street Broke:

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100 Days to Fix What Wall Street Broke

Wall Street wrecked the economy and banks are still refusing to work with people who are trying to stay in their homes. The Campaign for a Fair Settlement, along with other partners, is calling on President Obama over the next 100 days to champion an agenda that would:

1. Hold bankers accountable for their crimes.

2. Keep people in their homes by resetting their mortgages.

Sign the petition here

Read more and comment »

Sen. Hatch Leaves a Ransom Note in the Fiscal Showdown Fight

Photo courtesy of love4utah's Flickr photostream.

Calling something a “bipartisan reform” is quickly becoming Washington-speak for “cutting your health care and retirement benefits.”

In this next phase of the fiscal showdown, Republicans are continuing to threaten to tank the economy, starting with demands they want in exchange for more tax giveaways for the wealthiest 2%.

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You Are Now Entering the Mallory Factor Spin Zone

Photo by eyewashdesign A. Giolden/Flickr

After Mallory Factor appeared on "Morning Joe" this morning, Jeff Hauser sends us this report.

What type of person comments on a generation of declining union membership and increasing inequality and blames unions?

What type of person looks back at America’s economy—after decades of deregulation followed by economic bubbles and misery for the 99% of people who work hard for a living—and blames unions?

It takes someone who combines an ear for dishonest public relations spin with a large wallet linked to the continued enrichment of Wall Street tycoons.

Mallory Factor is someone who understands that the banking industry’s bad reputation for destroying the world’s economy requires a diversion, a scapegoat. That he would write a book focusing on blaming unions, rather than his Wall Street peers, is entirely

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Which Greedy Banker Said It? Play the Wall St. Quotes Game

Carrie Sloan

At the height of the Wall Street financial scandal that rocked this country into near economic ruin, bankers were ablaze with greed. To mark the approaching two-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the think tank Demos has compiled some of the more colorful quotes from this group and challenges you to guess who said them.

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Economics 101 for the 99%

Economics 101 for the 99%

How did Wall Street get away with crashing the U.S. economy?  Its inner circle spoke a “language” only one percent of the public could understand. Now, a new booklet explains its jargon to the rest of the country.

“Economics for the 99%” serves as an economic translation dictionary, clarifying Wall Street’s “bankspeak,” explaining the  role of the Federal Reserve, as well as the so-called austerity war. 

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Scott Brown: Wall St.’s Favorite Senator

Scott Brown: Wall St.’s Favorite Senator

Massachusetts Voters Beware. Millionaire candidate Sen. Scott Brown portrays himself as an “average guy in a pickup” when in reality he’s a big backer of Wall Street, not Main Street.

Scott Brown: Wall Street’s Favorite Senator,” a new website launched by the Massachusetts AFL-CIO, highlights Brown’s two-year anti-worker voting record in the Senate.

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Financial Experts Urge Global Leaders to Adopt Financial Transaction Tax

A group of 50 financial professionals—investors, traders, academics and banking executives—urged G-20 and European leaders to back small financial transaction taxes (FTTs) on financial industry speculation.    

In a letter to world leaders, the group notes that FTTs “have a proven track record” and would help rebalance financial markets away from “a short-term trading mentality that has contributed to instability in our financial markets.” It also says FTTs have the potential to raise significant revenue.

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