Truthdig: Drilling Beneath the Headlines

February 26, 2017 Disclaimer: Please read.
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Tag: Wall Street

Republicans Launch Bicameral Salvos Against Wall Street Watchdog


Legislation introduced by Sen. Ted Cruz and Rep. John Ratcliffe would kill the Consumer Financial Protection Bureau.

Posted on Feb 15, 2017 READ MORE
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‘Spectacular Betrayal’ as Trump Rolls Back Wall Street Regulations


The president is set to scale back the 2010 Dodd-Frank financial-overhaul law and roll back an Obama-era financial regulation.

Posted on Feb 3, 2017 READ MORE

Trump’s Treasury Pick Excelled at Kicking Elderly People Out of Their Homes


When Steven Mnuchin ran OneWest, the bank aggressively and, in some cases, wrongly foreclosed on elderly homeowners with reverse mortgages. The bank had a disproportionate share of such foreclosures.

Posted on Jan 17, 2017 READ MORE

Bernie Sanders Gives Leadership Tips to Democrats Facing the Trump Era


On some matters, such as Donald Trump’s future Supreme Court choices, the Vermont senator is less combative than some of his colleagues. On other issues, he digs in his heels.

Posted on Jan 10, 2017 READ MORE

Is the Rise of Donald Trump Obama’s Legacy? (Video)

Paul Jay of The Real News asks Truthdig contributor Paul Street if President Obama is a true progressive and whether his policies “helped set the table for the emergence of a Trump.”

Posted on Jan 10, 2017 WATCH & LISTEN

No Conflict Here: 150 Wall Street Firms Own Over $1.5 Billion of Donald Trump’s Debt


An analysis published in The Wall Street Journal revealed the scope of Trump’s web of debt and the financial institutions “in a potentially powerful position over the incoming president.”

Posted on Jan 5, 2017 READ MORE

For Head of SEC, Trump Taps Another Fox to Guard Wall Street Henhouse


A progressive leader decried Jay Clayton’s nomination as “yet another example of Trump betraying his own voters by turning over our economy to giant corporations and Wall Street.”

Posted on Jan 4, 2017 READ MORE

Investors Wave Goodbye to Palm Oil Dollars


A major U.S. financial firm has begun to divest from plantations that produce an oil widely used in processed foods—and it hopes others will follow.

Posted on Jan 4, 2017 READ MORE

Barack Obama’s Neoliberal Legacy: Rightward Drift and Donald Trump


The Wall Street takeover of Washington, D.C., and the related imperial agenda of the “Pentagon System” were advanced more effectively by the nation’s first black president than they could have been by white Republicans such as John McCain or Mitt Romney.

Posted on Jan 3, 2017 READ MORE

Defying Donald Trump’s Kleptocracy


The president-elect represents the late stage of capitalism, when corporations, no longer able to generate profits at former levels, pillage the government and society for profit. However, he will be vulnerable to impeachment if we take to the streets.

Posted on Jan 1, 2017 READ MORE

What We Expect to See in 2017


2016 is history. As we turn the page on this strange and difficult year, Truthdig editors and writers look ahead to what the new year might bring.

Posted on Dec 31, 2016 READ MORE

Billionaire Carl Icahn Will Lead Trump’s ‘Deregulatory Charge,’ Consumer Advocate Says


Robert Weissman, president of the group Public Citizen, declares that Icahn “epitomizes predatory corporate capitalism.”

Posted on Dec 22, 2016 READ MORE

Blaming Russia Is Irresistible to the Democrats


The “Putin did it” narrative is not about keeping Donald Trump out of office (an impossibility). It’s about shaping the political and policy environment in coming months and years.

Posted on Dec 22, 2016 READ MORE

Donald Trump’s ‘Half-Blind’ Trust Scheme Is Called Absurd


The president-elect’s creative solutions for staying in the financial loop while seeming to keep his distance once again are drawing fire from his critics.

Posted on Dec 21, 2016 READ MORE

Trump Is Taking On Wall Street—Literally


The next administration will have plenty of billionaires and no working-class populists.

Posted on Dec 18, 2016 READ MORE

How the Twinkie Provides a Blueprint for Amassing Wealth


Highlighting a deal involving Hostess, the company known for its sweet baked treats, an investigation by The New York Times shows how private-equity executives expanded their fortunes.

Posted on Dec 10, 2016 READ MORE

Donald Trump Continues the Manipulation of Populism by ‘Swamping Up’ His Path to Power


Beneath populist pretense and slander, the coming Trump presidency is shaping up as a great monument to the nation’s unelected dictatorship of money. The only real mystery is how far it will deliver on its reactionary promises.

Posted on Dec 8, 2016 READ MORE

How to Swamp Washington and Double-Cross Your Supporters


It’s been a month since the election, and here’s what’s clear: Crony capitalism, the kind that festers and grows when offered public support in its search for private profits, is the order of the day among Donald Trump’s Cabinet picks.

Posted on Dec 8, 2016 READ MORE

Surprise: Trump’s Adviser on Wall Street Regulations Is a Longtime Swamp Dweller


Trump’s transition adviser for financial regulations works for a firm that is emblematic of Washington’s revolving door.

Posted on Dec 5, 2016 READ MORE

The Mafia State


The greed of the 1 percent and their dismantling of good governance have given rise to a criminal economy and criminal state embodied in the presidency of Donald J. Trump.

Posted on Dec 4, 2016 READ MORE

Trump Pick for Treasury Chief Is the ‘Ultimate Wall Street and Government Insider,’ Says GOP Lawyer

Steven Mnuchin got rich with taxpayer money in a legal but “distasteful” corporate welfare scheme in which he used dubious mortgages to foreclose on tens of thousands of families through a failed bank he bought cheap in the 2008 Wall Street crash, says California lawyer Saied Kashani.

Posted on Dec 1, 2016 WATCH & LISTEN

Waiting for the Barbarians


The collapse of our democratic institutions, the pillaging of the economy by the elites and the surrender of our most basic constitutional rights will be enshrined permanently into law by a crisis.

Posted on Nov 27, 2016 READ MORE

Truthdigger of the Week: Sen. Al Franken, Vocal Supporter of the #NoDAPL Demonstrations


The Minnesota Democrat penned a letter to the Department of Justice on Monday, urging it to protect the First Amendment rights of the “water protectors” facing off against law enforcement in North Dakota.

Posted on Nov 26, 2016 READ MORE

Deconstructing Thanksgiving at Standing Rock


The indigenous tribes gathered in North Dakota are showing us a path for the future based on respect, nonviolence, humility and love that should inspire us for the difficult times ahead.

Posted on Nov 23, 2016 READ MORE

Donald Trump Assembling Team of ‘Swamp Creatures,’ Says Democratic Lawmaker Keith Ellison


The progressive congressman said it’s clear the president-elect is “not doing what he’s said he’s gonna do for average working Americans.”

Posted on Nov 20, 2016 READ MORE

None of Them Has Ever Been My President


If the black movement was afraid of the likes of Donald Trump, it never would have gone up against the militarized police that occupy black communities. You can’t scare people with a specter if they’ve already fought the real thing.

Posted on Nov 18, 2016 READ MORE

Throw Wall Street Out of the Democratic Party


The results of the 2016 election show that mobilizing identity politics behind a bankster program will no longer work. To save their party, Democrats must get the Clintons and their backers, such as former Treasury secretary Robert Rubin (pictured), to leave.

Posted on Nov 16, 2016 READ MORE

Elizabeth Warren Sends Letter to Trump: ‘You Already Appear to Be Failing’ on Campaign Promises


The Massachusetts senator has put the president-elect on notice about his transition team.

Posted on Nov 15, 2016 READ MORE

Glenn Greenwald on Who’s to Blame for Trump’s Election


The Intercept journalist lays out why the Democratic Party needs to take responsibility.

Posted on Nov 11, 2016 READ MORE

Elizabeth Warren: Democracy Demands That We Work Together on America’s Agenda

The Massachusetts senator is ready to help President-elect Trump rebuild the U.S. economy. But if Republicans attempt to remove Wall Street regulations or gut the Consumer Financial Protection Bureau, she will fight them.

Posted on Nov 11, 2016 WATCH & LISTEN

Chris Hedges Unmasks American Empire in ‘Unspeakable’


In this new book, the award-winning Truthdig columnist discusses taboo topics in America—including his experience as a radical war correspondent at The New York Times—with fellow journalist David Talbot.

Posted on Nov 9, 2016 READ MORE

In a Rigged System, Hillary Clinton Is Too Big to Indict


The Democratic presidential nominee got a pass this summer on her “extremely careless” handling of classified information while secretary of state. But now the FBI is reopening its investigation.

Posted on Oct 28, 2016 READ MORE

Waking Up in Hillary Clinton’s America


When we awaken on November 9th, it will undoubtedly be dawn in Hillary Clinton’s America and that potentially means four years of an economic dystopia that will (as would Donald Trump’s version of the same) leave many Americans rightfully anxious about their economic futures.

Posted on Oct 28, 2016 READ MORE

Robert Scheer and David Dayen Uncover Untold Stories of the Mortgage Crisis

In this week’s episode of “Scheer Intelligence,” the Truthdig editor in chief speaks with the author of the book “Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud.” Transcript added.

Posted on Oct 21, 2016 WATCH & LISTEN

To Understand Today’s World—Syria, Brexit, Even Trump—Watch This Adam Curtis Film (Video)


In “Hypernormalisation,” the British documentary filmmaker delves into the intricacies of a “strange time” in which “extraordinary events keep happening that undermine the stability of our world” while “those in control seem unable to deal ... and no one has any vision of a different or a better kind of future.”

Posted on Oct 19, 2016 READ MORE

‘On Contact’: Chris Hedges and David Cay Johnston Examine Our ‘Rigged’ Tax System

The journalists discuss how the superrich—including Republican presidential nominee Donald Trump—take advantage of America’s tax laws.

Posted on Oct 18, 2016 WATCH & LISTEN

The Ascendance of Hillary Clinton and Paul Ryan Will Mark a Win for Big Business and Wall Street


The Democratic candidate won’t be the only winner when Donald Trump and his fellow haters are defeated on Election Day (as looks increasingly likely).

Posted on Oct 17, 2016 READ MORE

Fact-Checking Donald Trump and Hillary Clinton on the Billionaires’ Tax Break


When the presidential candidates vowed in their second debate to eliminate the “carried-interest” loophole, they left out some important context.

Posted on Oct 16, 2016 READ MORE

What We Know So Far About the Hillary Clinton Campaign’s Leaked Emails

Lee Fang of The Intercept, co-author of the article “Memo Shows What Major Donors Like Goldman Sachs Want From Democratic Party,” discusses what are largely confirmations about Clinton’s relationship with Wall Street, fossil fuels and more.

Posted on Oct 15, 2016 WATCH & LISTEN

Are Elections Less Important Than Ever in the Age of Trump?


What we do after Nov. 8 may be even more important than the ballots we cast.

Posted on Oct 13, 2016 READ MORE

Ruling Against Wall Street Watchdog Decried as ‘Reckless and Partisan’


A three-judge panel said Tuesday that the Consumer Financial Protection Bureau, brainchild of Sen. Elizabeth Warren, has an unconstitutional structure.

Posted on Oct 11, 2016 READ MORE

Read Segments of Hillary Clinton’s Wall Street Speeches Released by WikiLeaks


A single email attachment, released by the organization in its “Podesta Emails” leak, gives readers insight into many of Clinton’s policy positions.

Posted on Oct 11, 2016 READ MORE

It’s Time for Congress to Stop Hollering at CEOs and Actually Take Action


Instead of setting up further rounds of CEO perp walks for the TV cameras, Congress should give the Justice Department and regulatory agencies enough funding to do their jobs.

Posted on Sep 26, 2016 READ MORE

Keep Calm and Vote Green: Fascism Is Not Coming


The Trump phenomenon is terrible, but now is no time for lesser-evil voting. A dictatorship is not knocking at the door in the United States.

Posted on Sep 23, 2016 READ MORE

Elizabeth Warren Skewers Wells Fargo CEO, Accusing Him of Greed and ‘Gutless Leadership’ (Video)


“You should resign, you should give back the money you took while this scam was going on and you should be criminally investigated by both the Department of Justice and the Securities and Exchange Commission.”

Posted on Sep 20, 2016 READ MORE

The Courtiers and the Tyrants


We must not confuse the political elites who function as courtiers to corporate power with the tyrannical leaders who actually drive corporatism. Our real enemy, lurking behind the curtain, is usually faceless and anonymous.

Posted on Sep 18, 2016 READ MORE

Wall Street Is Prepared to Destroy Sacred Burial Grounds of the Sioux


The lineup of Dakota Access pipeline investors reads like a who’s who of the world’s big banksters. Their contributions continue a ruthless American tradition of racism, fascism and corporatism toward indigenous people and their land.

Posted on Sep 16, 2016 READ MORE

Elizabeth Warren Demands Investigation Into President Obama’s Failure to Jail the Banksters


“I can think of no matter of ‘intense public interest’ about which ‘the American people deserve the details’ than the issue of what precisely happened to the criminal referrals that followed the 2008 crash.”

Posted on Sep 15, 2016 READ MORE

Dummy Accounts









Posted on Sep 10, 2016 ENLARGE

This Election Is Hillary Clinton’s to Lose, and She’s Screwing It Up


If the United States ends up with President Trump, the Democratic nominee and her party will have no one to blame but themselves for refusing to compromise their allegiances to Wall Street and morally bankrupt, center-right, establishment positions.

Posted on Sep 8, 2016 READ MORE

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