The Bailout and CEO Pay: What’s ‘Excessive’?

Everyone knew this bailout was going to be big. Now the bailout has become even bigger. Treasury Secretary Henry Paulson is not just talking about bailing out mortgage lenders and traders any more. The federal government, Paulson now envisions, will be buying up all...

The Bailout and ‘Greedy’ CEOs

The proposed financial bailout could become an opportunity — our biggest since the Great Depression — to start confronting the top-heavy distribution of American income and wealth that has fueled this Wall Street meltdown in the first place. The prime...

We All Pay for Wall Street

What’s the hustle? A U.S. corporation pretends to make all of its profits at a subsidiary based in a place like the Grand Cayman Islands that has no corporate income tax. Meanwhile, the U.S. branch of the company reports only losses. No U.S. profits, no taxes....