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The Day Wall Street Exploded

The Day Wall Street Exploded

By Beverly Gage
$18.45

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Tag: Banksters


America’s Most Hated Banks

In a list of major banks reviled by Americans in order of volume of complaints, Bank of America takes first place, followed by Wells Fargo, JPMorgan Chase and Citibank.

Posted on Aug 1, 2014 READ MORE



Wall Street Greed: Not Too Big for a California Jury

Sixteen of the world’s largest banks have been caught colluding to rig global interest rates. Why are we doing business with a corrupt global banking cartel?

Posted on Apr 25, 2014 READ MORE


Bankers Brought to Justice

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Posted on Jan 6, 2014 READ MORE



(AP/Elise Amendola)

How Elizabeth Warren Is Scaring the Crap Out of Think Tanks and Banks

The Massachusetts senator caused a stir this week after the Third Way think tank wrote an op-ed Monday warning Democrats not to follow Warren “over the populist cliff.” But what’s truly behind this resentment toward Warren? Fear, of course.

Posted on Dec 7, 2013 READ MORE


Larry Summers

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Posted on Aug 15, 2013 READ MORE



Rainforest Action Network (CC-BY)

Bank of America Lied to Homeowners and Rewarded Foreclosures, Ex-Employees Say

Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.

Posted on Jun 18, 2013 READ MORE



Image via Shutterstock

U.S. Banks Rake In Record $40.3 Billion in Quarter

Business is clearly good again for the financial institutions that were rescued by American taxpayers just a few short years ago. Thanks in part to increased revenue from customer fees, U.S. banks’ profits soared to a record high for the first quarter of 2013, the Federal Deposit Insurance Corp. reported Wednesday.

Posted on May 29, 2013 READ MORE


Financial Crisis CEOs

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Posted on Mar 21, 2013 READ MORE


Sheriff Elizabeth Warren

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Posted on Feb 17, 2013 READ MORE



Flickr/Fortune Live Media

CEO’s Demand Austerity to Fix Budget, Not End to Corporate Welfare

A group of corporate CEOs that contributed to the burgeoning deficit crisis want the poor and elderly to largely pay for the mess the greedy Wall Street fat cats helped create.

Posted on Nov 26, 2012 READ MORE



Flickr / 7bikeframesweldedtogether

The Flawed Credit Card Debt Collection Process

Credit card companies are increasingly turning to the legal system in their rush to collect money that is owed to them. But, there now exists a very big problem in this litigious-happy practice—nearly all these lawsuits may be flawed.

Posted on Aug 13, 2012 READ MORE



Mitt’s Olympic Flip-Flop, Shake-Up at CNN, and More

A look at the day’s political happenings, including how Romney could come to the aid of so-called banksters, and John Boehner gives his VP pick.

Posted on Jul 27, 2012 READ MORE



jpellgen

Fallout From the Bungled Bank Bailout

The financial meltdown and subsequent bailout have dampened Americans’ faith in government and stirred widespread outrage. Neil Barofsky, who once served as special inspector general in charge of oversight of the Troubled Asset Relief Program, says that anger may point the way toward reform.

Posted on Jul 23, 2012 READ MORE



kullez (CC BY 2.0)

To Catch a Bankster

Traditional investigations by regulators of all the suspect hanky-panky in the banking industry have produced nothing in the way of fundamental reform and protected the worst repeat offenders. So why not bribe big bankers to turn one another in?

Posted on Jul 21, 2012 READ MORE



Dominic's pics (CC BY 2.0)

Fed, Geithner Knew of False Libor in 2008

The Federal Reserve and the U.S. government knew back in 2008 that Barclays was filing false reports about Libor, the interest rate that international banks charge one another for short-term loans, according to documents released Friday.

Posted on Jul 13, 2012 READ MORE



Flickr / I-5 Design & Manufacture

BofA Confirms Plan to Lay Off 30,000 Employees

Bank of America has confirmed a plan to eliminate 30,000 jobs “over the next few years,” 10,000 fewer than what The Wall Street Journal reported Friday. The layoffs will amount to about 10 percent of the bank’s workforce. Update (more)

Posted on Sep 11, 2011 READ MORE



Flickr / stevendamron

A Look at the ‘Bush-Obama’ Presidency

Essayist, Yale English professor and TomDispatch contributor David Bromwich takes a careful accounting of the “sacked” and “saved” members of the Obama administration in an attempt to reveal the similarities between his presidency and George W. Bush’s. (more)

Posted on Aug 22, 2011 READ MORE


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