Tag Archives: Wall Street

Why Facebook’s Plummeting Stock Price Is a Good Sign

Why Facebook’s Plummeting Stock Price Is a Good Sign

By YUVAL ROSENBERG, The Fiscal Times

May 23, 2012

Facebook (FB) stock tumbled again Tuesday – and despite the hue and cry that has intensified as the share price has deteriorated and as more and more revelations emerge about the IPO process, the slide is not necessarily a bad thing.

The stock, which went public at $38 a share and opened for trading Friday at $42, has since plunged more than 25 percent to close Tuesday at $31.12. Facebook, which had been valued at $104 billion, is now worth $85 billion – still well above the value some pre-IPO analyses assigned the company.          Continue reading

Finally Making Sense on Wall Street

Finally Making Sense on Wall Street

By MARK BITTMAN    – October 11, 2011

Countercultures and alternative systems can be nurturing, educational, illuminating, inspiring — and these are not small things — but they do not bring about fundamental change. Food co-ops, for example, make a difference, but they won’t much alter the way Big Food operates. Historically, the route to fixing broken systems goes through struggle, confrontation and even revolution.            Continue reading

Wall Street Accountable for Economic Crisis

Activists Hold Wall Street Accountable for Economic Crisis

Monday 07 March 2011

by: Mike Ludwig, t r u t h o u t | Report

Activists Hold Wall Street Accountable for Economic Crisis
At the Fairmont Hotel, hundreds of homeowners protest outside the spring meeting of the National Association of Attorneys General in Washington, DC. (Photo: National People’s Action (NPA)) (Photo: National People’s Action (NPA))

Progressive groups threw a one-two punch at the nation’s richest banks on Monday. A coalition of watchdogs and activists released a new report revealing how the wealthiest bailed-out banks have caused the current economic crisis by dodging taxes, and hundreds of demonstrators rallied in Washington, DC, to demand the attorneys general of all 50 states file criminal charges against banks that are suspected of committing foreclosure fraud during the nation’s housing crisis.

At least 600 demonstrators gathered outside the National Association of Attorneys General (NAAG) spring meeting to demand tough settlements on foreclosure fraud cases resulting from a NAAG investigation into several banks’ practice of signing foreclosure documents without checking for accuracy – a practice the NAAG calls “robo-signing.”

The demonstrators – many of them homeowners – also occupied and successfully shut down a Bank of America branch before occupying the offices of Sen. Mitch McConnell (R-Kentucky) and House Speaker John Boehner (R-Ohio). Click here for scenes from the protests.

NAAG launched the investigation in October 2010, but has yet to take action against banks like Bank of America and JP Morgan Chase that were suspected of systematically robo-signing foreclosure documents before the scandal made headlines.

Outside National Association of Attorneys General meeting.

Protesters outside  of the National Association of Attorneys General meeting in Washington, DC. (Photo: National People’s Action (NPA))

Read full article: Activists hold Wall Street accountable

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