Wall Street
Remembering When Citigroup ‘Cared’ about Inequality
Citi analysts spent two years obsessing over luxury consumption by the rich. Last week, the ultimate symbol of that consumption — the fine art bubble — finally popped.
Did Derivatives Drive the Meltdown?
A noted World Bank economist is suggesting we need to concentrate less on the complexities of high finance and more on the noxious simplicity of our deeply unequal income distribution.
A Whole Lot of CEO Pay Shaking Going On
America’s top executives may have driven the U.S. economy into the ditch. But, hey, that’s no reason they should take a pay cut, it it? They certainly don’t think so.
The Bailout and CEO Pay: Untruth in Advertising
The Wall Street bailout legislation, despite claims to the contrary, does precious little to limit the outrageously extravagant pay rewards that give top executives the incentive to behave outrageously.
The Bailout Deal: The Rich Haven’t Won Yet
The architects of the $700 billion bailout agreement defeated in the House left some key details tantalizingly undefined.
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