BlackRock’s governance practices and investments in fossil fuels, militarized policing, and weapons manufacturers harm communities around the world.
Tag: wall street
Real estate & private equity billionaires set to profit from NY clean grid investments
Clean power transmission projects planned for New York will be built and owned by Blackstone Group and Related Companies.
Wall Street, former CEO seek to get paid while Blackjewel miners wait for back wages
Private equity backing and self-dealing featured at the bankrupt coal firm whose workers are still waiting for pay.
Schumer recuses himself from Comcast deal, claims no knowledge of brother’s role
Yesterday we reported that Senator Chuck Schumer, who called the Comcast-Time Warner Cable “a good deal” for New York, has ties to one of the key dealmakers involved – his brother, Robert Schumer, was Time Warner Cable’s lead outside attorney on the deal. Our report prompted Senator Schumer, who sits on the antitrust subcommittee, to …
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 …
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 …
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 …
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. …
New Report: The Financial Sector Employs Over 1400 Revolving Door Lobbyists
A new report from Public Citizen and the Center for Responsive Politics sheds new light on the incredible scale of the financial sector’s lobbying effort. The report has found that the sector employs over 1400 former lawmakers and Congressional staffers. Last month, we issued a report on the big bank lobby in collaboration with the …
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, …
NYT: A Difficult Path in Goldman Case (according to big bank lawyers)
The Goldman fraud suit continues to dominate the media cycle. After the initial shock of the US government actually doing something to hold Wall Street accountable, the business press — led by Goldman Sachs and their lawyers at Sullivan and Cromwell — has turned to questions about the merits of the suit. Today, the New …
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 …