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In the 1970s, Lily Tomlin developed an iconic comic character she named Ernestine--a telephone clerk who took perverse pleasure from hectoring customers. Her character was a perfect portrayal of the arrogance of AT&T, the monopolistic telephone giant of that day. In one skit on on the TV show, Laugh-In, Tomlin had Ernestine delivering a TV pitch for the corporation:
GOLDMAN'S GOLDEN DEAL
Wednesday, July 28, 2010 | Posted by Jim Hightower
That'll teach 'em, won't it?
The SEC, Wall Street's top regulator, has whacked the mighty Goldman Sachs with one of the largest penalties in financial history. The high-strutting banking conglomerate... [read more]
WHY ARE WALL STREET BANKERS GRINNING?
Monday, July 26, 2010 | Posted by Jim Hightower
Banker greed is like ugly on a toad – it can't simply be rinsed off, no matter how much regulatory soap you use.
Congress has now enacted new rules to... [read more]
SURPRISE! THE PEOPLE SPEAK
Monday, July 19, 2010 | Posted by Jim Hightower
Michael Duke is the Big Wally of Walmart. As CEO of the low-wage behemoth, he siphons some $19 million a year in personal pay from the global retailer.
How much is... [read more]
CHEVROLET CRASHES CHEVY
Friday, June 25, 2010 | Posted by Jim Hightower
Good news, people. General Motors has turned a profit! However, there's bad news, too: GM's top executives are insane. By which I mean bonkers, loopy, bull-goose crazy.
How else to... [read more]
UNITING TO FIGHT CITIZENS UNITED
Thursday, June 17, 2010 | Posted by Jim Hightower
The problem with being pious in politics is that piety has a way of backfiring – and causing people to snicker at you.
... [read more]
PULLING THE CURTAIN ON THE FED
Wednesday, May 19, 2010 | Posted by Jim Hightower
Surely I'm dreaming. This is beyond a fantasy. It's got to be a hallucination. I don't know whether to weep, shout hallelujah, or just pass out in total disbelief.
But there... [read more]
THE MEDIA'S "BUSINESS MODEL" FOR CEO PAY
Friday, May 14, 2010 | Posted by Jim Hightower
Question: In the exotic world of executive suite excess, which gaggle of bosses managed to outgun Wall Street bankers in the size of paychecks they took last year?
Answer: Media moguls.
... [read more]
THE BIGGEST BANK HEIST YOU NEVER HEARD ABOUT
Thursday, May 13, 2010 | Posted by Jim Hightower
Has your banker stopped by to thank you yet?
Thanks are due, of course, for your share of the $700-billion bailout that we taxpayers provided for the giant banks after their... [read more]
WHO WOULD WANT THIS JOB?
Friday, May 7, 2010 | Posted by Jim Hightower
Yes, jobs are hard to come by these days, but don't despair, for here's a company that's hiring – if you can stomach the work.
It's the Talx Corporation, and what... [read more]
WALL STREET'S "MOM & POP" BANKERS
Don't cry for Jamie Dimon, America.
As CEO of JPMorgan Chase, this ruling mogul of Wall Street must now cope with the recently-enacted financial reform bill, which imposes a host of... [read more]