The US economy is still struggling severely, says Stephen King from Disneyland. In the past, dodgy business people and politicians who ruined the economy were sentenced to jail or death. Would harsher penalties deter the greed?
Bankers
rumour
Goldman Sachs CEO’s $100 million pay-day
Word from the World Economic Forum is that Goldman Sachs is planning to pay its CEO Lloyd Blankfein a $100 million bonus, despite Barack Obama’s recent stern rebuke over bailed-out banks and big bonuses.
graph pr0n
Wall St wages vs. Average wages
A disturbing chart tracks the average tracking the average Wall St bonus against the average American wage since 1985. And despite the GFC, they’re on the rise again. No wonder bankers are feasting on $43 steaks.
Essay: Labor acts to keep the bankers honest
The Labor Party has a long and colourful history of trying to keep Australia’s banks on the straight and narrow. Has it succeeded? asks Christopher Joye.
Wall Street’s fallen idols: where are they now?
The Global Financial Crisis has claimed its fair of big scalps in the banking and finance sector. A year on, where have the big players on Wall St landed after their unceremonious falls?
Political snippets: Rudd already campaigning for election?
It’s the same the whole world over, the rich get richer and the poor get poorer. Also, the media is already showing that Kevin Rudd is off and election campaigning.
Greed is irrelevant to GFC
Greed isn’t why the financial crisis happened, and restraining it won’t prevent bad stuff from happening again, writes Barry Schwartz.
Banker bonus restrictions: bad for business
While Main Street is revolting against lavish remuneration showered upon executives and investment bankers, some of the actions being taken by legislatures could be causing more harm than good, writes Adam Schwab.








