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Blogs
February 29, 2012
Matt Taibbi Joins Occupy Wall Street for Anti-Corporate Protest
Occupy Wall Street protesters held their biggest march so far this year today as part of a nationwide "Shut Down the Corporations" day of action. Several hundred occupiers gathered in Bryant Park this morning before marching east on 42nd Street to the global headquarters of Pfizer Pharmaceuticals, ... More >>
Blogs
December 14, 2011
Credit Suisse Reportedly Evacuated for Suspicious Package [Updated]
In other breaking news today, Credit Suisse is located at 11 Madison Avenue. DCPI tells us they are "aware" of the situation but that they don't currently have info. This may be the "sister building" (1 Madison and 23rd) to Credit Suisse, across the street, with the suspicious package possib ... More >>
Blogs
December 7, 2011
Bank of America Prepared For OWS Anti-Foreclosure Actions, According to Memo
This internal memo from Bank of America to third-party contractors has been circulating around the Internet: It's regarding yesterday's Occupy Our Homes action, in which protesters reclaimed foreclosed properties. The memo, which actually does appear to be real, includes tips like "Your s ... More >>
Blogs
November 16, 2011
Malcolm Gladwell Shilling For Bank of America
Malcolm Gladwell, author of Blink and The Tipping Point among other books, has a new gig: doing speaking engagements for Bank of America. Somehow nobody seems to have known about this, and Bank of America only released the press release today. Gladwell likes money almost as much as he likes p ... More >>
Blogs
November 12, 2011
Ireland's Richest Man Declares Bankruptcy
via RTESean Quinn, once rated Ireland's richest man with a fortune estimated around €4 billion (about $6 billion), declared bankruptcy yesterday. The Irish Independent reports Quinn told a Belfast court he acquired untenable debts after investing in the failing Anglo Irish Bank. In technica ... More >>
Blogs
November 1, 2011
Bank of America Retracts $5 Monthly Debit Card Fee
Bank of America has changed its mind about charging customers a $5 monthly fee for using their debit cards, a move that angered many a banking customer, not to mention lawmakers, and in part was a catalyst for Bank Transfer Day, a move initiated by Kristen Christian, an L.A. woman, to get peo ... More >>
Blogs
October 28, 2011
New York Commercial Bank, Go Screw Yourself!
Last year, when I took out a CD at Atlantic Bank (part of New York Commercial Bank), they told me I had to also start a checking account there to get the CD rate. They said, "It can just be one dollar in there" while assuring me repeatedly that there would be no transactions required and no ... More >>
Blogs
October 12, 2011
Thomas Wu, Bent Banker Indicted For Taking Bailout After Defrauding Investors
In a case that should resonate with the protesters down in Zuccotti Park, three San Francisco bank officials have been charged with fraud after receiving nearly $300 million in federal bail out money during the Bush era financial crisis. United Commercial Bank CEO Thomas Wu, along with vice ... More >>
Blogs
June 4, 2011
Florida Couple Almost Repossesses Bank of America's Furniture
Last year, Warren and Maureen Nyerges, a retired couple in Naples, Florida, were hit with a mistaken foreclosure lawsuit by the Bank of America (remember, it's the Bank of Satan). They had paid cash for their house in 2009, no mortgage, and thus no grounds for a foreclosure suit. The bank dropped ... More >>
Blogs
April 7, 2011
Sen. Schumer, Christine Quinn Push Feds To Pressure Bank That Owns Shoddy Housing
A consequence of our sucky economy: The city estimates that around 125,000 housing units will go into foreclosure over the next two years. In many cases, owners (including banks) are trying to unload these buildings, and while they wait, living conditions deteriorate drastically for tenants ... More >>
Blogs
March 14, 2011
Anonymous Hackers Release Bank of America Emails in "Black Monday" Leak
Anonymous, the loosely organized hacktivist collective operating lately in support of WikiLeaks, dropped extensive correspondence at 12:00 a.m. on Monday between employees they claim were working for a previously Bank of America-owned insurance company, Balboa Insurance. According to Anonymou ... More >>
Voice Choices
February 16, 2011
POWER PLAY
Tennis legends battle again
Blogs
February 14, 2011
Anonymous Hackers Reveal HBGary and Aaron Barr's Plan to Target WikiLeaks Donors
Aaron Barr, a computer security expert for HBGary, spoke last week to the Financial Times, telling the paper that he had gathered incriminating information about the shadowy hacker group known as Anonymous, a general source of online chaos and most recently, diligent supporters of WikiLeaks. ... More >>
Blogs
February 9, 2011
Alleged Drug Money Smelled Like Drugs
An assistant bank manager in East Hills, Long Island has been charged with laundering money that reeked of weed. The Daily News reports that Natanzia St. Rose is accused of exchanging $50,000 in illicit funds through the JP Morgan Chase branch where she worked. The large amounts of cash were ... More >>
Blogs
January 11, 2011
WikiLeaks Will Target Bank of America Next
As long speculated, Julian Assange's WikiLeaks will release classified documents from Bank of America, in a break from harassing international governments. The confirmation of the target comes via John Carney's NetNet blog at CNBC.com, where he sources an anonymous "person who has close conta ... More >>
Blogs
December 18, 2010
Bank of America Drops WikiLeaks Payments
viaBank of America has announced it will no longer process transactions for the website WikiLeaks, which trades in the release of secret government documents. WikiLeaks has teased coming after a financial institution next and in a 2009 interview founder Julian Assange mentioned "sitting on fi ... More >>
Blogs
October 27, 2010
Rich People Finally Feeling Good About Being Rich, Again!
Sucks having fallen on these "tough economic times," for everyone! Even those who went from having, say, $20M in personal wealth to $5M in personal wealth. Those people feel shitty, too. Well, times have changed, and as the Wall Street Journal uncharacteristically (and somewhat "snark-ily") n ... More >>
Blogs
April 17, 2010
Andrew Ross Sorkin Officially Loses Krugman Battle, For Real This Time
Since Runnin' Scared has so closely followed the ongoing duel between New York Times big money columnists Andrew Ross Sorkin and Paul Krugman, it's only appropriate that we bring you the final chapter, published in Saturday's paper. Because this all happened in the Times universe, it took a w ... More >>
Blogs
April 13, 2010
Shots Fired: New York Times Columnists Andrew Ross Sorkin and Paul Krugman's Beef Officially Cooked
Pictured, Left to Right: Youth and Skill, Old Age and TreacheryWell-paid media celebrity and (purportedly) boyishly good looking New York Times' star finance reporter Andrew Ross Sorkin is, as they say on the streets, "starting some shit." And he's starting it inside the New York Times, with ... More >>
Voice Choices
March 24, 2010
THE BARD GOES SHOPPING
A Hamlet for our consumer culture
Blogs
January 21, 2010
Obama's New Bank Laws Would Re-Criminalize Wall Street Shenanigans; Panicky Dems Finally Listen to Paul Volcker
Volcker: He told Obama so.Finally, Barack Obama today unveiled a proposed major curb on Wall Street that would revive the "spirit of Glass-Steagall" — the Depression-era law that would have prevented last year's Wall Street meltdown if it hadn't been abolished during the Clinton administration ... More >>
Blogs
December 23, 2009
Have You Seen... Bank of America ATM Skimmers
These two fellows worked up a nice scam at the Bank of America ATM at 315 Lafayette Street. They altered the machine to obtain customers' personal information, and then transferred that information to "cloned" debit/credit cards, which they used to drain their victims'' bank accounts via Bank of ... More >>
Blogs
December 17, 2009
Morgy's Parting $268M Gift Gets Another Shrug From City Hall
Exiting with class, something Bloomberg was unable to do.Outgoing Manhattan DA Robert Morgenthau gave New Yorkers a $268 million present yesterday -- their share of a huge, $536 million deal reached with a very rich Swiss bank that admitted having illegally routed Iranian funds through the U. ... More >>
Blogs
October 30, 2009
Barrett: Builder Blamed In Firefighter Deaths Is Building Bill Thompson's Wife's Museum
Bovis Lend Lease, the contractor whose admitted failings contributed to the deaths of two firefighters at the Deutsche Bank fire in 2007, is building the $180 million museum and condo project on Fifth Avenue spearheaded by Elsie McCabe, the wife of mayoral candidate and Comptroller Bill Thomp ... More >>
News
October 27, 2009
We've Bailed out the Banks. When Do We Go After the Crooks Behind our Financial Collapse?
Bovis Lend Lease, the contractor whose admitted failings contributed to the deaths of two firefighters at the Deutsche Bank fire in 2007, is building the $180 million museum and condo project on Fifth Avenue spearheaded by Elsie McCabe, the wife of mayoral candidate and Comptroller Bill Thomp ... More >>
Blogs
October 20, 2009
John Galt Agent Gets Prison for Deutsche Bank Fraud
When the city allowed Bloomberg pals Bovis Lend Lease to pick contractors to take down the Deutsche Bank building, which was contaminated by the 9/11 terrorist attacks, they got some lulus. John Galt Corp, named for the Randian superman, made a botch of the job, and its purchasing agent Robert Chiar ... More >>
Blogs
August 19, 2009
Sparking Resentment: Bloomberg, FDNY Top Brass -- and Media -- Skip Deutsche Bank Fire Memorial Service for Firefighters (Updated)
Mike Bloomberg boycotted the second memorial service yesterday for the two firefighters, Joseph Graffagnino and Robert Beddia, who died at the Deutsche Bank site, so the media boycotted it with him. Not a line about it appeared in any newspaper, and only Grace Rauh of NY1 bothered to report about it ... More >>
Blogs
May 28, 2009
Counterfeit Check Ring Busted; Defrauded "Hundreds," Paid Off Bank Tellers
Eighteen men were busted for running a sweeping identity theft ring out of a Bronx apartment, the Manhattan District Attorney's office announced yesterday. Over the course of two years, the men stole millions of dollars from just about every bank in the city, but focused most of their efforts on JP ... More >>
Blogs
February 10, 2009
Geithner Unveils Plan, Stocks Plummet
This morning Treasury Secretary Geithner unveiled the new $2 trillion bank bailout plan, which as previously reported counts on private investors to buy up some "bad assets" of troubled banks in order to unclog their pipes and get them lending again. The New York Times helpfully puts a graph on its ... More >>
Blogs
February 9, 2009
Feds to Peddle Bad Bank Assets to Private Sources
The Treasury Department has pushed from Monday to Tuesday its planned announcement of further bank bailout measures, and Obama economic advisor Larry Summers suggested Sunday that some of the banks' devalued assets -- referred to variously as "toxic," "bad," and (at the Times) "contaminating" -- mig ... More >>
Blogs
February 9, 2009
Nissan crashes; hedge funds lick chops; incoming Israel govt. may take 'harder line'
Harkavy Plans are moving apace to purposely set up a "toxic bank" full of poisonous assets to further bail out those banks that had greedily and recklessly accumulated them. Call it Shitibank. And give it the naming rights to the new baseball stadium for the New York Mets, taking the moniker awa ... More >>
Blogs
January 30, 2009
Cuomo May Seek Giveback of $4B Merrill Lynch Bonuses
The saga of the $4 billion in bonuses paid to collapsed Merrill Lynch just got funnier for everyone except the people who received the money. Having subpoenaed ousted Merrill Lynch CEO John Thain (and the head of Bank of America, which took the firm over) about the bonuses, AG Andrew Cuomo is said t ... More >>
Blogs
January 16, 2009
Circuit City Dies, 30,000 to be Laid Off
You may remember that in the early days of the TARP, people would ask why we were bailing out banks but not Circuit City, the troubled electronics chain that went bankrupt in November. They were told then that private sector capitalism would sort it out, and in late December Circuit City got a $1.1 ... More >>
Blogs
January 2, 2009
FDIC Sells IndyMac, Will Share Losses
The FDIC's work on IndyMac, which it seized in July, has not been in vain! Today it announced that it will sell the troubled lender to IMB HoldCo LLC, a consortium including honchos of Paulson & Co, Dune Capital, and other financial companies, and buyout specialist J. Christopher Flowers. Former Mer ... More >>
Blogs
December 23, 2008
Win one for the gyppers: Banks' current playoffs eerily like the NFL's
The FDIC's work on IndyMac, which it seized in July, has not been in vain! Today it announced that it will sell the troubled lender to IMB HoldCo LLC, a consortium including honchos of Paulson & Co, Dune Capital, and other financial companies, and buyout specialist J. Christopher Flowers. Former Mer ... More >>
Blogs
December 22, 2008
John Galt, 3 Men Charged in Deutsche Bank Fire; City Gets Off
The FDIC's work on IndyMac, which it seized in July, has not been in vain! Today it announced that it will sell the troubled lender to IMB HoldCo LLC, a consortium including honchos of Paulson & Co, Dune Capital, and other financial companies, and buyout specialist J. Christopher Flowers. Former Mer ... More >>
Columns
September 23, 2008
The Backstory of the Financial Collapse
Call it Gall Street. How else to describe an industry that applauds nearly $500 million in bonuses for executives taking an entire economy down with them?
Blogs
September 15, 2008
My Week in Disappointment
Call it Gall Street. How else to describe an industry that applauds nearly $500 million in bonuses for executives taking an entire economy down with them?
Blogs
August 22, 2008
Steamroller Cuomo Squeezes Int'l Banks for Big Bucks
Call it Gall Street. How else to describe an industry that applauds nearly $500 million in bonuses for executives taking an entire economy down with them?
Blogs
August 19, 2008
Post Says DA Looking to Charge Deutsche Bank Inspectors, Contractors
Call it Gall Street. How else to describe an industry that applauds nearly $500 million in bonuses for executives taking an entire economy down with them?
Blogs
August 21, 2007
Criminal Probe of Deutsche Bank Building Fire Launched
Call it Gall Street. How else to describe an industry that applauds nearly $500 million in bonuses for executives taking an entire economy down with them?
Blogs
August 20, 2007
Unanswered Questions about the Deutsche Bank Fire
Call it Gall Street. How else to describe an industry that applauds nearly $500 million in bonuses for executives taking an entire economy down with them?
Blogs
January 17, 2007
Nothing Says "Brooklyn Basketball" Like... A British Banking Conglomerate
Call it Gall Street. How else to describe an industry that applauds nearly $500 million in bonuses for executives taking an entire economy down with them?
News
July 18, 2006
'Real-life Mexicans not only don't care about those stereotypes, they embrace them'
Call it Gall Street. How else to describe an industry that applauds nearly $500 million in bonuses for executives taking an entire economy down with them?
News
October 26, 2004
Your Mi$ery I$ Their Profit
Up to your ear$ in $tudent loan$? That'$ good new$ for the bond trader$
Columns
February 24, 2004
Horoscope
Up to your ear$ in $tudent loan$? That'$ good new$ for the bond trader$
News
August 13, 2002
Staring Debt in the Face
Hapless Military Personnel Are Ordered to Use Plastic, Get Dunned by the Pentagon
NYC Life
May 7, 2002
Let's Get This Party Started Right
Hapless Military Personnel Are Ordered to Use Plastic, Get Dunned by the Pentagon
News
July 4, 2000
Quick & Dirty
The Hidden Treasures Behind Lazio's Stock Deal
News
June 20, 2000
Loyal to a Vault
Lazio Breaks the Bank at His Neighborhood EAB Branch
More >>

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