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by Juan Cole
$22.45
By Erik Larson
$13.78
$22
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peasap (CC BY 2.0)
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By Ellen Brown, Web of Debt —
The new rules for keeping the too-big-to-fail banks alive allow for the use of creditor funds, including uninsured deposits, to recapitalize failing banks. In the event of another crisis, access to your money would depend on the security of the FDIC. The question, then, is how reliable is the FDIC?
Posted on Apr 30, 2013
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hans.gerwitz (CC BY-SA 2.0)
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Companies hired to spot wrongful foreclosures made more than $1 billion in a review process that was ultimately scuttled. Meanwhile, banks prepare to divide a $3.3 billion settlement between nearly 4 million borrowers without identifying who needs the money most.
Posted on Jan 11, 2013
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AP/Matt Rourke
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By Robert Scheer — Election night was a heck of a party, but morning in America already feels too much like a hangover.
Posted on Nov 9, 2012
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Fortune Live Media (CC BY-ND 2.0)
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Few voices in the regulatory community called for the expulsion of derelict executives and the means to force banks to lend bailout money to the public amid the 2008 financial crisis. Former FDIC Chairman Sheila Bair was among them.
Posted on Oct 13, 2012
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The presidential campaign got a jolt this week with an uplifting jobs report and a big debate win for Mitt Romney. The falling unemployment numbers released Friday have skeptics wondering whether unemployment could have dropped 0.3 percentage points last month, just in time for President Obama’s campaign to tout it. The “Left, Right & Center” panelists dissect the implications of these matters and more on this week’s program.
Posted on Oct 5, 2012
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AP/Charlie Neibergall
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By Robert Scheer — The presidential debate this week was much ado about nothing, and Mitt Romney beat Barack Obama because he was more energetic in distorting the significance of their miniscule differences.
Posted on Oct 5, 2012
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AP photo / J. David Ake
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By Robert Scheer — You probably don’t know much about Sheila Bair, but she is looking out for you, and that is why the big guys on Wall Street and their allies in the Obama administration are out to get her.
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AP photo / Harry Hamburg
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There has been much hand-wringing, not to mention finger-pointing, regarding who knew what, and when, about the financial calamities that have recently come to pass. However, Brooksley Born and Sheila Bair won’t be counted among the willfully or accidentally ignorant: They’ve been named this year’s winners of the JFK Profile in Courage Award for sounding the alarm far ahead of time.
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Guantanamo Prisoner’s Case Demonstrates Unfairness of Military Commissions
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