Four tech superpowers raked in half of this year’s stock price gains by the 500 largest corporations.
A spokeswoman says company policy has gone unchanged for at least a decade. Customers tell a different story.
The superrich won't acknowledge that lower-income earners are caught in an expensive, vicious cycle.
The revisionism never stops. The blood never dries. The invader is pitied and purged of guilt while "searching for meaning in a terrible tragedy."
"I can think of no matter of 'intense public interest' about which 'the American people deserve the details' than the issue of what precisely happened to the criminal referrals that followed the 2008 crash."
In this week's “Scheer Intelligence”—the Truthdig editor in chief’s podcast on KCRW—author, journalist and former investment banker Nomi Prins explains the culture of Wall Street and its influence on government.
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.
Judges warn that a lawsuit accusing 16 major banks of colluding to manipulate interest rates could bankrupt the institutions responsible for the crash that debilitated the global economy in 2008.
The Dodd-Frank regulations are so lethal to community banks that they are rapidly disappearing—except in North Dakota, where they are thriving. Some say the intent was to force them to sell out to the mega-banks.
One of the Obama administration’s “signature efforts to help homeowners” has “allowed big banks to run roughshod over borrowers again and again,” reports The New York Times.