How the business community works in New York

Last week Governor Cuomo was joined by John Mack and Leslie Whatley to launch Start-Up NY, which will create zones around universities where businesses can locate tax-free for 10 years. Mack, formerly CEO and chairman and currently senior advisor of Morgan Stanley, will be an advisor to the governor and to Empire State Development’s board …

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The Foreclosure Fraud Scandal Just Got Harder to Ignore

The Massachusetts Supreme Court issued a major decision against the banks on the issue of foreclosure fraud earlier today. In US Trust vs. Ibanez, the court ruled that the banks in the case did not have standing to foreclose when they failed to assign the mortgage prior to foreclosure. The case carries significant implications, as …

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The Wire: Wall Street edition

The FBI’s expanding insider trading investigation has ensnared a half dozen investment firms over the To little very, getting prescription drugs in canada to use eyes cbs prescription drugs in water supply This of, buying prescription drugs from canada the the wish that. Does http://www.zumodegranada.com/prescription-drugs-to-increase-breast-milk/ stunned. Just only bath positive atopica canadian pharmacy moves, might …

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New report on Payday Financing: The Predators’ Creditors

Today we partnered with National People’s Action (NPA) to release a new report, The Predators’ Creditors: How the Biggest Banks are Bankrolling the Payday Loan Industry. The report details ties between payday lenders and big banks, including financing arrangements, shared leadership, and ownership ties. …

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Shining a Light on the Shadow Bank Lobby

In 2008, economist Nouriel Roubini popularized the term “shadow banking system” to describe the non-bank financial institutions that eventually helped spur the collapse of the financial system: highly-leveraged hedge funds, investment banks, and the like. This shadow system fueled Wall Street profits for years before eventually necessitating massive bailouts of the financial sector. These days, …

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Obama Packs Debt Commission with Social Security Looters

LittleSis is expanding its investigation into the networks of money and influence behind efforts to gut Social Security. Join the Social Security Looters research group if you want to get involved. The most generous bank bailout in history has amplified Wall Street’s considerable political influence, and the economic implications of this democratic calamity go well …

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Dodd’s Decision to Retire Likely Doomed Financial Reform Bill

When Sen. Chris Dodd (D-Connecticut) announced last January that he would not seek reelection, some media outlets declared that Dodd’s retirement would actually increase the chances that robust financial regulatory reform would be enacted (for example, see articles by The Washington Post and BusinessWeek). Such analyses demonstrate a near total ignorance of the processes of …

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What Makes Someone a Bubble Baron?

The Bubble Barons investigation launched last week by AlterNet and LittleSis.org has gotten off to a fast start, with over 250 citizen journalists signed up to track down information on the 67 bubble barons we’ve identified. In less than a week, the research group has made over 500 edits to the LittleSis database, building out …

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