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Wall Street’s secret weapon: Congress

Why haven’t any big bankers been prosecuted for their role in the housing crisis that led to the Great Recession? These finance executives took part in “scandals that violate the most basic ethical norms,” as the head of the IMF Christine Lagarde……

Ex-Treasury Sec. Geithner expresses regret over 2008 finance crisis in new memoir

Former U.S. Treasury Secretary Timothy Geithner says he regrets not pushing for stronger financial safeguards ahead of the devastating 2008 crisis, according to reported excerpts of his new book. “Before the crisis, I didn’t push for the Fed in Washington to strengthen the safeguards for banks, nor did I push…

FBI probing high-speed trading on Wall Street

The FBI said on Monday it was probing high-speed trading on Wall Street, a controversial practice in which computers carry out transactions in seconds or faster. Investigators are looking into possible securities fraud, wire fraud and insider trading by companies or people who engage in this kind of trading based…

Candy Crush maker King in $500 million Wall Street debut

King Digital Entertainment raised a sweet half-billion dollars on Wall Street, and now it is time for the market to show its taste for the makers of mobile game Candy Crush. The British game developer priced its initial public offering at $22.50 per……

Wolves of Wall Street: How a network of frat boys tilts the field against women

Martin Scorcese’s new film, The Wolf of Wall Street, depicts a culture of hyper-masculinity and emotional immaturity, as Leonardo DiCaprio’s character, Jordan Belfort, parties hard and cuts shady deals in a drug-induced haze. A report by Max Abelson…  …

More welfare for Wall Street: One-in-three bank tellers need public assistance

Big banks eating up taxpayer subsidies isn’t a new story. We heard a lot about the hundreds of billions of dollars doled out to Wall Street in the Troubled Asset Relief Program (TARP). And a May analysis by Bloomberg News estimated that the six…   [Image credit: woman in a suit drinking…

Occupy Wall Street ‘fizzled out’ because ‘too many Indians, not enough chiefs’

Tuesday marks the second anniversary of the Occupy Wall Street movement, and on CNN Money, Mark Bray, author of the new book Translating Anarchy, said that “72 percent of the people [he] interviewed for [his new book on Occupy Wall Street] had anarchist politics” and believe “the rejection of any…

Court orders NYPD to pay $360,000 for raid that destroyed Occupy Wall Street library

By Michael Kelley, Business Insider A New York City court has ruled that the city shall pay $366,700 for a destructive raid on Occupy Wall Street’s Zuccotti Park encampment. Around 1 a.m. on Nov. 15, 2011, Mayor Michael R. Bloomberg ordered the NYPD to evict protestors — some of whom had camped there for almost two…

Sen. Elizabeth Warren pokes fun at GOP, Wall Street during South Boston’s annual St. Patrick’s Day breakfast

Senator Elizabeth Warren (D-Mass.) took to the stage during South Boston’s annual St. Patrick’s Day Breakfast, using the opportunity to not only give an update on the Senate race, but also to poke some light-hearted fun at her Republican rival U.S. Senator Scott Brown. “I’m the daughter of a maintenance…

Robert Reich: Wall St. hasn’t changed its ways, despite ‘Occupy’ protests

A study conducted by Echo Research and Makovsky found that the “Occupy Wall Street” movement had an impact on marketing and communications executives at financial services firms. However, professor Robert Reich said Thursday that marketing specialists might understand how angry the public has become at Wall Street, but CEOs and…

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