Philadelphia Inquirer; CEPR
Over the course of their research, they conducted more than 100 interviews with tenants who are essentially renting from Wall Street firms. The report tells the stories of absurd rent increases, dangerous failures in property management, and high eviction rates. And, as the authors note, lower income families and people of color are disproportionately affected by these practices.
Written one week before the current Wall Street tumble, economist Nomi Prins writes: Watch out. Even in the seemingly best of times, neglecting Wall Street is a dangerous idea. With a rag-tag Trumpian crew of ex-bankers and Goldman Sachs alumni as the only watchdogs in town, it’s time to focus, because one thing is clear: Donald Trump’s economic team is in the process of making the financial system combustible again.
After all, the New Jersey-based poet Nicholas Gordon writes, Washington and Wall Street move up and down on one principle--why be surprised? what did you expect?—Greed!
Greece's former finance minister under the radical Syriza government offers a revealing tell-all about modern capitalism through his battles over Greece’s debt with the “Troika”: the International Monetary Fund, the European Commission and the European Central Bank (ECB), and eventually with his own prime minister.
By seizing control of the Consumer Financial Protection Bureau and placing an ideological extremist in charge, US President Donald Trump has brought to the fore the deepest flaws in his administration’s founding myth. The gutting that now awaits the agency will visibly harm many of the ordinary people Trump promised to defend.
Subscribe to Wall Street