Five Big Banks Pleading Guilty to Felony Charges Will Continue Business as Usual

Alexander Reed Kelly / Truthdig May 14, 2015 “For most people, pleading guilty to a felony means they will very likely land in prison, lose their job and forfeit their right to vote,” writes Dealbook at The New York Times. Dig deeper ( 2 Min. Read )

The Clintons and Their Banker Friends, 1992-2016

By Nomi Prins, TomDispatch May 7, 2015 To grasp the dangers that the Big Six banks presently pose to the financial stability of our nation and the world, you need to understand their history in Washington, starting with the Clinton years of the 1990s. Dig deeper ( 14 Min. Read )

Does Barney Frank’s New Book Let Democrats Off the Hook?

Staff / Truthdig Apr 3, 2015 Truthdig Editor-in-Chief Robert Scheer confronts the former Massachusetts representative over President Clinton’s role in creating the Great Recession and other issues dividing progressives from the Democratic Party leadership.Truthdig Editor-in-Chief Robert Scheer confronts former Massachusetts Rep. Barney Frank over President Clinton’s role in creating the Great Recession and other issues dividing progressives from the Democratic Party leadership. Dig deeper ( 1 Min. Read )

Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives

By Ellen Brown, Web of Debt Dec 26, 2014 The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and depositors and taxpayers could be liable, following repeal of key portions of the Dodd-Frank Act signed into law on December 16th. Dig deeper ( 6 Min. Read )

Citigroup Democracy

Mark Fiore / Truthdig Dec 18, 2014 Now that the secret backroom dealings are done and the latest budget bill passed Congress (of course, at the eleventh hour), we can see the thumbprints of Wall Street once again. Dig deeper

Jon Stewart: Expectations of Congress May Be Low, but Budget Bill Is Not a Monumental Achievement

Natasha Hakimi Zapata / Truthdig Dec 17, 2014 The "Daily Show" host is struggling to understand how so much "random stuff" ended up in the $1.1 trillion spending bill that Congress recently passed. Dig deeper ( 1 Min. Read )

The Elizabeth Warren Speech That Has Everyone Talking

Natasha Hakimi Zapata / Truthdig Dec 15, 2014 The Massachusetts senator sure won't let big banks get away with the kind of blatant robbery other members of Congress seem perfectly happy to allow. Dig deeper ( 1 Min. Read )

America’s Most Hated Banks

Alexander Reed Kelly / Truthdig Aug 1, 2014 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. Dig deeper ( 2 Min. Read )

Big Banks Hit With Monster $250 Billion Lawsuit in Housing Crisis

By Ellen Brown, Web of Debt Jul 17, 2014 In June, investors led by the world’s largest asset manager and the world’s largest bond-fund manager sued some of the world’s largest banks for breach of fiduciary duty as trustees of their investment funds. The investors are seeking damages for the equivalent of 1 million homeowners with $250,000 in damages suing at one time. Dig deeper ( 6 Min. Read )

Citigroup: The Original Gangsta

Robert Scheer / Truthdig Jul 15, 2014 The prototypical too-big-to-fail bank will pay $7 billion in fines, a move that will avoid a humiliating trial dealing with its role in the financial meltdown. Dig deeper ( 4 Min. Read )

Geithner Tacitly Acknowledges Special Relationship With Citigroup

By Jeff Gerth, ProPublica May 15, 2014 In his new book, former New York Fed chair and Treasury Secretary Timothy Geithner suggests that his relationship with Citigroup executive Robert Rubin did affect his supervision of the bank, which taxpayers ultimately bailed out with $45 billion. Dig deeper ( 3 Min. Read )

The Global Banking Game Is Rigged, and the FDIC Is Suing

By Ellen Brown, Web of Debt Apr 13, 2014 Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps. And the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it. Dig deeper ( 7 Min. Read )