Tag:
Public Anger
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Latest Headlines
Ringing out 2010
Whew! What a year?
It went by very fast. Frankly, the last three years have passed in a blink. What we have lived through is nothing short of historic. Many lives have been changed. Many careers have been rocked. Recall that as 2010 got underway, many thought the worst of the financial cr
Consumers still angry at top banks
It's possible that the banking industry has yet to truly understand the depth of anger directed toward it from middle America. But one could argue that the public anger has morphed into concrete action.
One reason we ended up with a bipartisan (more or less) reform bill was that the politician
Profitable bank bailouts
There's been a whole lot of public anger about the bailouts of big Wall Street firms. But whether it was wise or not to bail out the top banks, at least it did not cost taxpayers an arm and a leg. In fact, it looks now like taxpayers got a pretty decent return on their "investment" in banks.
Anger at Goldman Sachs?
Is there any resentment simmering out in the public over Wall Street's return to big earnings and big bonuses? Bill O'Reilly, the Fox News commentator, likened Goldman Sachs bankers to pigs during a segment on his TV show. "You've got to make an example of the big boy," he said. "And this is t
Citi seeks permission on bonuses
Is this any way to run a business? Citigroup is seeking permission to pay bonuses in stock. According to Reuters , Citigroup executives "are describing these as retention bonuses, but the bank is still considering several options of how to structure any bonuses."
We're not talking about sca
Are cooler heads prevailing in the AIG mess?
When Andrew Cuomo gets involved in bonus matters, it's pretty clear where he's coming from. He's been loud and clear that he thinks it's unconscionable for companies to dole out massive bonuses while on the public dime. In the case of AIG, Congress might end up thanking him for bailing them ou
Showdown: Obama vs. AIG on bonuses
AIG's intention of paying $165 million in bonuses to executives--including those who ran the AIG Financial Products, the unit of the company that underwrote credit default swaps--isn't going over well. The payments were payable to executives by Sunday and were part of a larger planned payout value
