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October 26, 2016
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Voices of the Chicago Eight: A Generation on Trial

Voices of the Chicago Eight: A Generation on Trial

Ron Sossi, Tom Hayden, Frank Condon

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Tag: Banks

Sales Tactics

Posted on Sep 12, 2016 ENLARGE


Square, Category Page

As America Mourned 9/11, CEOs and Lobbyists Pounced on the Prospect of a Bonanza Born of the Tragedy

In the wake of the awful attacks of Sept. 11, 2001, while many in New York were still attending memorial services for firefighters and police, while across the country Americans’ cheeks were still stained with tears, the corporate and Washington-based predators were already pursuing private plunder at public expense.

Posted on Sep 11, 2016 READ MORE

Brexit and the Derivatives Time Bomb

Brexit could trigger a $500 trillion derivatives meltdown by forcing the European Union to allow insolvent member governments and banks to write down debt. But there’s an alternative.

Posted on Jul 6, 2016 READ MORE

Capitalism Will Collapse Because Elites ‘Allow Poor to Rot,’ Tariq Ali Tells Chris Hedges (Video)

By Chris Hedges

“The elites who have run the United States and Western Europe have proven incapable of offering even the smallest palliatives to their populations,” says the British radical intellectual, in an interview with Truthdig’s Chris Hedges. “And so what we have is a protest against this center elite.”

Posted on Jun 14, 2016 WATCH & LISTEN

In Spite of 2010 Law, Banks Still Make Billions on Overdraft Fees

A 2010 law was supposed to relieve Americans of the onerous penalties, but thanks to aggressive marketing campaigns that persuade consumers to “opt in” for overdraft coverage, banks made nearly $14 billion on the “service” last year.

Posted on May 26, 2016 READ MORE

New Rule Would Allow People to Sue Banks

The Consumer Financial Protection Bureau wants to return to consumers the right to bring class-action lawsuits against financial institutions, and the banks are not pleased.

Posted on May 9, 2016 READ MORE

Bernie and the Big Banks

The recent kerfuffle over Bernie Sanders supposedly not knowing how to bust up the big banks says far more about the threat he poses to the Democratic establishment and its Wall Street wing than it does about the candidate himself.

Posted on Apr 10, 2016 READ MORE

Nation Books

How Clinton Democrats Killed Roosevelt’s Dream of the Affordable Home

The following excerpt from Robert Scheer’s book “The Great American Stickup” details the perversion of Fannie Mae and Freddie Mac and is particularly relevant this election season, as it explains the connection between Clinton “progressives” and the 2008 housing meltdown that impoverished millions.

Posted on Apr 7, 2016 READ MORE

Occupy Hillary Clinton’s Wall Street Speeches

Why do voters need to know what Hillary told the banks? Because it was Wall Street that was responsible for the 2008 recession, making life worse for most Americans. We need to know what, if anything, she promised these behemoths.

Posted on Feb 29, 2016 READ MORE

Credit Occupy in Bernie Sanders’ Surge

What began in 2011 as a movement against income inequality has morphed into burgeoning support for a presidential candidate who is passionate about economic justice.

Posted on Feb 4, 2016 READ MORE

Bernie Sanders Attacks Hillary Clinton’s Refusal to Take On Wall Street

In a fiery speech detailing his plan to break up “too big to fail” banks, the Vermont senator issued his sharpest criticism of Clinton yet, pointing to the large fees she has collected giving speeches to a financial industry she is conspicuously reluctant to regulate.

Posted on Jan 6, 2016 READ MORE

The Third Democratic Debate: The Gloves Come Off

Two issues dominated the opening of the third and last Democratic presidential debate of 2015: the Bernie Sanders-Hillary Clinton data breach controversy, and foreign policy—namely how to deal with Islamic State. (Updated)

Posted on Dec 19, 2015 READ MORE

An Open Letter to Fed Chairwoman Yellen From America’s Beleaguered Savers

“Start imagining what we, the savers, have to endure because of plutocratic, crony capitalism for which the Federal Reserve has long been a leading Tribune.”

Posted on Oct 31, 2015 READ MORE

Where Do Hillary Clinton and Bernie Sanders Really Stand on Economic Reform?

Giant Wall Street banks continue to threaten the wellbeing of millions of Americans, but what to do?

Posted on Oct 9, 2015 READ MORE

Petros Giannakouris / AP

It’s Greek to Goldman Sachs

“What is this Goldman Sachs and why has it caused us so much grief?” is a question they must be asking in even the most remote of Greek villages, as they are throughout much of this economically troubled world. (Reposted)

Posted on Jun 30, 2015 READ MORE

ACLU: Black Homeowners Were Preyed Upon by Banks Before the Great Recession

Racial wealth inequality has widened due to targeting of black Americans by pre-2008 subprime mortgage lending, a report by the American Civil Liberties Union finds.

Posted on Jun 23, 2015 READ MORE

This Is How We Should Punish Bank Felons

What exactly does it mean for a big Wall Street bank to plead guilty to a serious crime?

Posted on Jun 22, 2015 READ MORE

VIDEO: Meet the Spanish Occupy Activist Who Became Mayor of Barcelona

Longtime anti-eviction activist Ada Colau recently became the first female mayor of Barcelona, Spain. She has vowed to fine banks, stop evictions, expand public housing, improve wages, force utility companies to lower their prices and slash the mayoral salary. She tells “Democracy Now!” about her victory and her plans for her city and her country.

Posted on Jun 5, 2015 WATCH & LISTEN

Whatever Happened to Antitrust?

Last week’s settlement between the Justice Department and five giant banks reveals the appalling weakness of modern antitrust law.

Posted on May 25, 2015 READ MORE

Cage-Free Bankers

Posted on May 21, 2015 ENLARGE

Moochers and Takers

Posted on May 21, 2015 ENLARGE

VIDEO: Busting Up Wall Street Is Step 4 in Saving the Economy

When Americans think of how the economic rules are stacked against them, they naturally think of Wall Street, which is back to many of its old tricks. Its lobbyists are now busily rolling back the Dodd-Frank Act—legislation intended to prevent another crash.

Posted on May 19, 2015 READ MORE

Bankers Brought Rating Agencies ‘To Their Knees’ On Tobacco Bonds

Wall Street pressed S&P, Moody’s and Fitch to assign more favorable credit ratings to their deals and bragged that the raters complied. Now many of the bonds are headed for default.

Posted on Dec 27, 2014 READ MORE

Do You Know What Banks Are Actually Doing With Your Money?

Russell Brand sits down with Max Keiser, who hosts a financial show on RT, to ask him to explain some of the things a lot of us don’t understand about banks. Keiser’s answers may surprise and disgust you.

Posted on Dec 23, 2014 WATCH & LISTEN

How Inside Traders Are Rigging America and Contributing to the Savage Inequalities of American Life

Major players on Wall Street have been making tons of money not because they’re particularly clever but because they happen to be in the realm where a lot of coins come their way.

Posted on Dec 18, 2014 READ MORE

The Elizabeth Warren Speech That Has Everyone Talking

The Massachusetts senator sure won’t let big banks get away with the kind of blatant robbery other members of Congress seem perfectly happy to allow.

Posted on Dec 15, 2014 WATCH & LISTEN

Another Bank Behaving Badly? British Journalist Paul Mason Is Fed Up

Channel 4’s economics editor is sick of covering the same mega-banks broaching criminality. “We really deserve a better banking system,” he says, standing in front of the RBS building.

Posted on Nov 17, 2014 WATCH & LISTEN

Why Do Banks Want Our Deposits? Hint: It’s Not to Make Loans

While banks do not need deposits to create loans, they do need to balance their books; and attracting customer deposits is usually the cheapest way to do it.

Posted on Oct 26, 2014 READ MORE

Pincasso /

Too Big to Punish

A few months ago, in a press conference about the felony conviction of Credit Suisse, Attorney General Eric Holder said, “This case shows that no financial institution, no matter its size or global reach, is above the law.” Yet, earlier this month, the Obama administration announced its proposal to waive some of the possible sanctions against Credit Suisse.

Posted on Sep 19, 2014 READ MORE

Weak Laws Offer Debtors Little Protection and Allow Collectors to Seize a Fourth of Their Wages

Critics say the 1968 federal law that allows collectors to take 25 percent of debtors’ wages, or every penny in their bank accounts, is out of date and overly harsh.

Posted on Sep 16, 2014 READ MORE


Wages of Millions Seized to Pay Past Debts

One in 10 working Americans between the ages of 35 and 44 are getting their wages garnished. That means their pay is being docked—often over an old credit card debt, medical bill or student loan.

Posted on Sep 15, 2014 READ MORE

How Wall Street Tobacco Deals Left States With Billions in Toxic Debt

Politicians wanted upfront cash from a legal victory over Big Tobacco, and bankers happily obliged. The price? A handful of states promised to repay $64 billion on just $3 billion advanced.

Posted on Aug 9, 2014 READ MORE


Posted on Aug 8, 2014 ENLARGE


Just One Hedge Fund Dodged $6 Billion in Taxes, Senate Committee Finds

Sen. Carl Levin’s Subcommittee on Investigations looked into some shady banking practices and reported that a hedge fund of Renaissance Technologies LLC found a clever way of cheating the IRS.

Posted on Jul 21, 2014 READ MORE

Radu Bercan /

Citigroup: The Original Gangsta

The prototypical too-big-to-fail bank will pay $7 billion in fines, a move that will avoid a humiliating trial dealing with its role in the financial meltdown.

Posted on Jul 14, 2014 READ MORE

JStone /

L.A. Sues America’s Biggest Bank Alleging Predatory Lending

On Friday, the city of Los Angeles filed a lawsuit against JPMorgan Chase accusing it of pushing minority borrowers to take on risky home loans that would ultimately cost the city at least $1.7 billion in lost revenue and maintenance.

Posted on Jun 2, 2014 READ MORE

The Top 40 Threats to Free Speech

This week on Truthdig Radio in association with KPFK: What do sex-obsessed nipplephobes and Director of National Intelligence James Clapper have in common? Also: Why the U.S. won’t give American banks the Credit Suisse treatment, and the logic behind Elizabeth Warren for president.

Posted on May 23, 2014 READ MORE

The Top 40 Threats to Free Speech

This week on Truthdig Radio in association with KPFK: What do sex-obsessed nipplephobes and Director of National Intelligence James Clapper have in common? Also: Why the U.S. won’t give American banks the Credit Suisse treatment, and the logic behind Elizabeth Warren for president.

Posted on May 23, 2014 WATCH & LISTEN

Stephen Colbert Meets His Match in Elizabeth Warren

Even the pseudo right-wing pundit falls victim to Sen. Elizabeth Warren’s compelling arguments.

Posted on May 20, 2014 WATCH & LISTEN

Credit Suisse Pleads Guilty on U.S. Felony Charge, Gets $2.6 Billion Fine

Credit Suisse pleaded guilty and was fined $2.6 billion for helping Americans avoid taxes, the first time in 20 years a major bank has been punished on U.S. criminal charges.

Posted on May 20, 2014 READ MORE

White House/Pete Souza

Geithner Tacitly Acknowledges Special Relationship With Citigroup

In his new book, former New York Fed chair and Treasury Secretary Timothy Geithner suggests that his relationship with Citigroup executive Robert Rubin did affect his supervision of the bank, which taxpayers ultimately bailed out with $45 billion.

Posted on May 14, 2014 READ MORE

Frederic Legrand /

Tim Geithner and the Wall Street Bailout Redux

Timothy Geithner’s new book about the financial crisis, “Stress Test,” is basically an argument that the Wall Street bailout succeeded.

Posted on May 14, 2014 READ MORE


An L.A. Story That’s All Too Familiar

When a city is forced to spend more on Wall Street fees than on basic public services, it is the sign of trouble.

Posted on May 9, 2014 READ MORE

Vietnam’s Solution for Corrupt Bankers: Firing Squads

For the most part, American bankers whose rash pursuit of profit brought on the 2008 global financial collapse didn’t get indicted. They got bonuses.

Posted on Apr 3, 2014 READ MORE

Top Chinese JPMorgan Exec Leaving Amid Probe

One of JPMorgan Chase’s top Chinese executives will resign, according to a bank memo, as regulators probe whether the financial giant violated anti-bribery laws in Asia.

Posted on Mar 25, 2014 READ MORE

Bankers and Big Data

Posted on Mar 16, 2014 ENLARGE

Torture ‘Was the Last Straw for Me,’ CIA Rebel Ray McGovern Says

This week on Truthdig Radio in association with KPFK: Sen. Dianne Feinstein picks a fight with the CIA on spying and torture, Fukushima turns 3, how to protect yourself from private and government surveillance, and the handful of American families who have all the power.

Posted on Mar 13, 2014 WATCH & LISTEN

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