What Wall Street Did To Earn The Ire  Of Those Occupying It

What Wall Street Did To Earn The Ire Of Those Occupying It

If you need a catchup-slash-refresher on why those folks down at Occupy Wall Street are so mad at the street they’re occupying, ProPublica has put together a nice juicy primer. [More]

SEC Warns S&P It May Sue Them

SEC Warns S&P It May Sue Them

In an unprecedented move, the SEC warned S&P that it might be suing it over its rating of a mortgage-backed bond. It’s the first warning a credit rating firm has gotten over its behavior leading up to the financial crisis. [More]

New Trailer For "Inside Job" Financial Crisis Documentary

New Trailer For "Inside Job" Financial Crisis Documentary

Get ready to slake your thirst for populist rage. Inside Job is a new documentary coming out in October that aims to expose the truth about the true architects of the financial implosion of 2008. You can probably guess from the title whom they’re fingering. Matt Damon is the narrator and it’s released by Sony Pictures Classics. Here’s the trailer: [More]

USPS Suggests Cutting Saturday Delivery And Increasing Rates

USPS Suggests Cutting Saturday Delivery And Increasing Rates

The United States Postal Service is continuing its long slide into suckage according to a new report delivered by Postmaster General John E. Potter this morning. People sent far less mail last year (“more than double any previous decline,” says the Washington Post) and labor costs continue to rise, which helped the USPS lose $3.8 billion in 2009. [More]

FDIC May Ask Banks For Bailout

FDIC May Ask Banks For Bailout

Due to the record number of bank failures this year, the FDIC is low on funds. Instead of borrowing from the Treasury as they did in the early ’90s savings and loan crisis, regulators have a new idea: asking banks for a bailout.