Subsidizing the CEOs

Alexander Reed Kelly / Truthdig Aug 16, 2012 Twenty-six of the nation’s largest corporations paid their CEOs more than they spent on taxes in 2011, according to a report by the Institute for Policy Studies. Dig deeper ( 2 Min. Read )

The Flawed Credit Card Debt Collection Process

Tracy Bloom / Truthdig Aug 13, 2012 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. Dig deeper ( 2 Min. Read )

Truthdigger of the Week: Ex-TARP Investigator Neil Barofsky

Staff / Truthdig Aug 5, 2012 In late 2008, Neil Barofsky was appointed the Treasury Department’s investigator of the bank bailouts. In the time since, he has suffered dismissal and deprecation from his colleagues and the corporations they're supposed to regulate.Since he was appointed to investigate the bank bailouts in 2008, Neil Barofsky has suffered dismissal and deprecation from his colleagues and the banks they're supposed to regulate. Dig deeper ( 3 Min. Read )

U.S. Buckles Down on Rate-Fixing Case

Alexander Reed Kelly / Truthdig Jul 16, 2012 The U.S. Justice Department has identified potential crimes committed by several big banks -- including Barclays -- and their employees amid a global investigation into the Libor scandal, in which financial institutions allegedly rigged interest rates. Dig deeper ( 1 Min. Read )

Banks Rake In Highest Quarterly Profits Since 2007

Staff / Truthdig May 24, 2012 The American banking industry enjoyed profits of $35.3 billion in the first quarter of 2012, the industry’s best performance since 2007, according to the Federal Deposit Insurance Corp. But it did so largely because banks put aside less money to cover bad loans, while keeping a lid on new lending. Dig deeper ( 1 Min. Read )

Vacant Houses Outnumber Homeless People in U.S.

Staff / Truthdig Jan 1, 2012 There are more than five times as many vacant homes in the US as there are homeless people, according to Amnesty International USA Since 2007, banks have shuttered about 8 million American houses, almost doubling the previous number, while 35 million homeless shiver in the coldSince 2007, banks have shuttered about 8 million American houses, almost doubling the previous number, while 3. Dig deeper ( 1 Min. Read )

Moody’s Downgrades Big Banks

Staff / Truthdig Sep 22, 2011 Moody's downgraded the credit ratings of three major U.S. banks Wednesday, and so far it appears that Bank of America was the hardest hit by the move. Dig deeper ( 1 Min. Read )

Author and Academic Comments on Wall Street Protests

Staff / Truthdig Sep 19, 2011 Protesters continued to occupy Manhattan's financial district Monday. "Democracy Now!" has footage of the demonstration and interviews with activists, including a conversation with distinguished anthropologist, author and protest-goer David Graeber. (more) Dig deeper ( 1 Min. Read )

Anti-Corporate Protesters Demonstrate on Wall Street

Staff / Truthdig Sep 19, 2011 Hundreds of people remained gathered in New York's financial district Sunday as part of the Occupy Wall Street demonstration called for by Adbusters, Anonymous and other anti-corporate groups. (more) Dig deeper ( 1 Min. Read )

U.S. Agency Set to Sue Big Banks on Mortgage Deals

Staff / Truthdig Sep 2, 2011 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) Dig deeper ( 1 Min. Read )

An Investment Manager Dishes on the Richest

Staff / Truthdig Jul 20, 2011 Rarely do we get to hear criticism of the American oligarchy from within the ranks of its crowning institution: the financial services industry This anonymous author, who handles investments for the wealthiest 1 percent of Americans, takes us on a brief tour of numbers (more). Dig deeper ( 1 Min. Read )

N.Y. Attorney General Wants Answers From Big Banks

Staff / Truthdig May 17, 2011 Homing in on mortgage-backed securities, New York Attorney General Eric Schneiderman has requested records from Bank of America, Morgan Stanley and Goldman Sachs as part of a broad investigation into the causes of the financial meltdown of 2008. (more) Dig deeper ( 1 Min. Read )