AIG isn't the only culprit when it comes to wasteful spending
Thousands of Public Citizen’s supporters signed a petition demanding that AIG return the $534,000 executives spent to pamper themselves, and we are sending it this week. But, clearly, AIG isn’t the...
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Wall Street a year later: Risky business as usual
One year ago, Lehman Brothers declared bankruptcy, bringing to a head the growing chaos on Wall Street. In the days and weeks that followed Lehman’s Sept. 15, 2008, collapse, credit markets would...
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Meet Steve Harris
Months before the failure of Lehman Brothers, which collapsed when the markets learned its mortgage-related securities were breathlessly overvalued, Ernst & Young awarded Lehman an unqualified...
View ArticleSen. Shelby says: Give Shareholders a Say. Public Citizen says: Right on!
By Bartlett Naylor and Carl Wilhjelm One troubling mystery of the financial crash of 2008–the one that’s mired our economy in 9 percent-plus unemployment, etc.–is why shareholders let it happen. After...
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9-15
Americans respected the tenth anniversary of the terrorist attacks in New York and Washington D.C. with silence, reverence, retrospection. Sept. 11, 2001, changed the world as we knew it, sending...
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A lens inside the Beltway
How sophisticated is the Wall Street lobby? Spending more than $2 million a day, Wall Street counts as one of the most active industries in the nation’s capital. Where does the money go? Here’s one...
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