An alliance led by former Mexican President Felipe Calderon made a business case for the curbing of global warming to leaders at the World Economic Forum in Davos, Switzerland, this week, saying an unprecedented $14 trillion overhaul would be needed to ensure long-term growth that didn’t wreck the environment.
Saturday is the day 80,000 people have pledged to punish “too big to fail” banks by moving their money to credit unions and local community institutions. How does it work? Will banks feel the hurt? How can it be done quickly and conveniently? Josh Harkinson at Mother Jones answers these questions and more.
The Federal Housing Finance Agency is set to file lawsuits against more than a dozen big banks for allegedly misrepresenting the quality of mortgage securities they were assembling and peddling at the height of the housing bubble. (more)