You Pay Your Fair Share. Shouldn’t Wall Street?

You Pay Your Fair Share. Shouldn’t Wall Street?

Did you pay all of your taxes this April? Wall Street banks typically pay much less than the official 35 percent corporate tax rate. And yet after attacking Hillary Clinton for her ties to Wall Street, President Donald Trump is pushing reforms that would make it even...
The Stumpf Banking System

The Stumpf Banking System

“Stumpf” is a German adjective for someone who’s obtuse, slow on the uptake, imperceptive, or to put it bluntly, stupid. Ironically, it also happens to be the surname of Wells Fargo’s CEO, who’s now mired in the most shameful banking...
Presidential Politics and CEO Pay

Presidential Politics and CEO Pay

Politicians love to beat up on overpaid CEOs. In the wake of the 2008 financial crash, Republican presidential candidate John McCain lashed out at executives of bailed-out banks, calling for their pay to be cut to the salary level of the President of the United...
You’re Overdrafted, They’re Overpaid

You’re Overdrafted, They’re Overpaid

Almost two-thirds of Americans today — 63 percent — don’t have enough savings to cover an unexpected $500 expense. Anything from an emergency brake job to a refrigerator on the fritz could zero out their bank accounts. Most American households, in other words, are...
King Coal Is Headed to Prison

King Coal Is Headed to Prison

So long, Don, it’s been God-awful to know you. Don Blankenship, who was the King of King Coal, is headed toward a place he never imagined he’d end up: federal prison. The ruthless former CEO of the Massey Energy company arrogantly assumed he was above the...