Wall St.

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  • How the Mob Gets Rich Off of Recessions

    The Mafia has always profited from economic crisis. Recessions fill up the mob's coffers and boost its social standing. In fact crime is one of the few sectors of the economy that thrive in moments of financial decline.

  • Your Retirement Fund Is Slowly Evaporating

    Whether you know it or not, your 401(k) is likely being devoured by marketing fees, investment-management fees, administrative fees, and broker commissions—along with trading fees that pass on to you every time a mutual fund buys or sells a security.

  • Killing People Overseas Will Always Be a Growth Industry

    Today, foreign policy is enacted through corporations. Tasks that once would have been the sole province of the CIA or the military are routinely contracted out to firms listed on the New York Stock Exchange.

  • A Layman's Guide to the Finance Industry's Cryptic Jargon

    Wall Street can therefore seem like a very private club. But in fact anyone can participate; the barriers to entry are as much linguistic as they are financial. With that in mind, here's a primer on the A to Z of the financial multiverse.

  • The True Story of the ‘Greatest Corporate Failure in American History’

    The infamous AIG bonus controversy of 2009 was a rare moment when everyone in America was angry about the same thing. Today, thanks to a lawsuit being argued in Washington, we now know how comprehensively we were duped.

  • Profit and Loss in the Wall Street Sex Trade

    According to a few sex workers I spoke to, there's no escaping Wall Street, since almost every sector in New York—real estate, restaurants, prostitution, you name it—opens its mouth to finance's trickle-down.