Record Bank Profits and the American Dream Foreclosed

JP Morgan Chase launched the 2010 Wall Street Bonus Sweepstakes last month. The bank is still losing money on consumer services, but well-heeled investors and financial traders more than made up the difference. The bank announced $11.7 billion in profits and $26.9...

What Happened to the Crackdown on Executive Pay?

Last February, amid public anger over millions in bonuses at bailed-out insurance giant AIG, our top national political leaders rushed to express their outrage — and even took some steps to place a lid on over-the-top executive pay. That lid has now come off....