Bank Bailout

Whistleblower vs 'Non-Actionable Disagreement': Fed Moves to Have Goldman Examiner's Lawsuit Dismissed

Whistleblower vs 'Non-Actionable Disagreement': Fed Moves to Have Goldman Examiner's Lawsuit Dismissed
The Federal Reserve Bank of New York has asked a judge to throw out a lawsuit by a former bank examiner who says she was dismissed after finding fault with Goldman Sachs’ conflict-of-interest policies. In its motion to dismiss Segarra’s lawsuit, the Fed disputed that she is a whistleblower and characterized what transpired as “a non-actionable disagreement between a supervised employee and more senior colleagues over how to interpret a Federal Reserve policy.”
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Jake Bernstein
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Unemployment Drops to New Four-Year Low of 7.5%

Unemployment Drops to New Four-Year Low of 7.5%
U.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than the government first estimated. The job increases helped reduce the unemployment rate from 7.6 percent to a four-year low of 7.5 percent.
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America Split in Two: Five Ugly Extremes of Inequality

America Split in Two: Five Ugly Extremes of Inequality
The first step is to learn the facts, and then to get angry and to ask ourselves, as progressives and caring human beings, what we can do about the relentless transfer of wealth to a small group of well-positioned Americans.
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Greedy Bankers Devour Cyprus

Greedy Bankers Devour Cyprus
The banking crisis in Cyprus is great fun and a gift to editorial cartoonists — like me! It is a story of crazy economic collapse, with Russian mobsters laundering money in secret accounts and crooked Cypriot bankers who gambled the dirty cash away on risky Greek bonds, bringing down the economy of their tiny nation.
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Obama Adviser Gene Sperling Claims Obama Has a ‘Strong Record’ of Prosecuting Wall Street

Obama Adviser Gene Sperling Claims Obama Has a ‘Strong Record’ of Prosecuting Wall Street
During a Reddit question and answer session, top Obama economic adviser Gene Sperling responded to a question from one user about how a “free market economy” can “exist when big actors cheat, break laws, and only get fined.
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Union Bank Study Shows 84% Confidence Rating in Small Business Climate Uptick

Union Bank Study Shows 84% Confidence Rating in Small Business Climate Uptick
The survey found that while nearly half of those surveyed feel the climate for their small business has worsened in the past two years, a growing number believe the national and state economies are heading in the right direction and the majority (84 percent) maintain confidence in the direction of their own companies.
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Congress and Cocaine: Do They Have More in Common Than We Think?

Congress and Cocaine: Do They Have More in Common Than We Think?
Congress' deadly addiction to corporate cash is the main reason Washington is unable to solve the myriad problems affecting our economy, environment and politics. If only we could help Congress kick the habit, our government could work for us again.
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