Cutbacks and layoffs have touched off huge street protests, general strikes, and the collapse of governments.
Given the revenue streams that go straight to Wall Street from Detroit, it is not far off to characterize any emergency financial manager as a Wall Street financial dictator.
Banks can go either of two routes: They can squeeze the 99 percent with nuisance fees and penalties, or they can cater to the richest of the rich.
Backbone. That is part of what's been missing over the past few years. Significantly, that may be about to change.
A statewide coalition of union and community groups in Connectticut has formed to demand that Bank of America contribute its fair share to the state's economy.
Who is surprised that the banking industry is drawing a line in the sand to prevent the nomination of Elizabeth Warren to head the new consumer financial protection agency?
After a year of intense struggles on one side, and bank lobbying on the other side, Congress yesterday passed Wall Street reform - a big step, but the battle's not over.
Have you ever walked into a neighborhood restaurant, with only your debit card in hand, ready to order lunch for $7.95, but are stopped by the handwritten sign next to the cash register: credit cards, $15 minimum.
By any objective measure, Wall Street has given up its right to manage our nation's finances.
If you listened to the recent testimony of Wall Street executives about the financial crisis, you would think that they were mere innocent spectators to it all.