Wall Street








I’m increasingly wondering if Paul Farrell writes financial meltdown and banks are bad stories for the Wall Street Journal’s MarketWatch as a sort of crazy-man foil for the establishment writers on Mr….









When the odds are stacked this heavily against whistleblowers, there’s not much incentive to rat out wrongdoers. Matt Taibbi looks at how even the courts are in on it, for Rolling Stone:

A great many people around the county were rightfully shocked and horrified by the recent excellent and hard-hitting PBS documentary, The Untouchables, which looked at the problem of high-ranking Wall Street crooks going unpunished in the wake of the financial crisis. The PBS piece certainly rattled some cages, particularly in Washington, in a way that few media efforts succeed in doing.

Now, two very interesting and upsetting footnotes to that groundbreaking documentary have emerged in the last weeks.

The first involves one of the people interviewed for the story, a former high-ranking executive from Countrywide financial who turned whistleblower named Michael Winston…






Via Ghost Exchange, excerpts from a fascinating PBS interview with former hedge fund analyst Cathy O’Neil on the culture within Wall Street: The basic cultural assumptions were not pleasant to me. The…



Will unregulated, debt-based financial products destroy the world? Bloomberg reports that the funneling of capital into instruments of so-called “shadow banking” continues to balloon to unimaginably large proportions: The shadow banking industry…



A year after it all began, the Occupy protests returned to the New York Stock Exchange this morning, with more than a hundred arrests notched by the early afternoon. Raw Story reported a few hours ago:

A New York University professor and an artist featured in The Nation magazine this month were among more than 90 people arrested early Monday morning as Occupy Wall Street marked its first anniversary with various demonstrations in New York City. “Just grabbed off sidewalk, along with everyone else,” artist Molly Crabapple said on Twitter shortly after being picked up by police.

Elsewhere, Jacobin magazine founding editor Bhaskar Sunkara reported that NYU Social and Cultural Analysis professor Andrew Ross, was arrested as part of a demonstration in the lobby of the JP Morgan Chase building on Park Avenue. “Cops are never friendly, but these cops aren’t cops,” Sunkara said. “They’re militarized beyond comprehension.”