Want a New Law? If You’re the Banking Industry, Just Write It Yourself

BLANK Oct 30, 2013 A banking regulatory bill moving through the House of Representatives this week was largely written by banking lobbyists, and steered under the guidance of politicians raking in campaign contributions from the people who would benefit from the legislation. Yes, this is the best democracy money can buy. Dig deeper ( 2 Min. Read )

U.S. Banks Rake In Record $40.3 Billion in Quarter

Tracy Bloom / Truthdig May 29, 2013 Business is clearly good again for the financial institutions that were rescued by American taxpayers just a few short years ago. Thanks in part to increased revenue from customer fees, U.S. banks' profits soared to a record high for the first quarter of 2013, the Federal Deposit Insurance Corp. reported Wednesday. Dig deeper ( 1 Min. Read )

Congress Still Puts Out for Wall Street

Robert Scheer / Truthdig May 28, 2013 The big banks' influence in Washington has only grown in direct proportion to the harm they have caused to the nation's economy. Dig deeper ( 4 Min. Read )

Why Democrats Can’t Be Trusted to Control Wall Street

Robert Reich / Truthdig May 26, 2013 Who needs Republicans when Wall Street has the Democrats? With the help of congressional Democrats, the Street is rolling back financial reforms enacted after its near meltdown. Dig deeper ( 2 Min. Read )

More Than $100 Billion in Subsidies for Too Big to Fail Banks

Alexander Reed Kelly / Truthdig May 10, 2013 A Bloomberg Markets magazine study estimates that dirt-cheap borrowing programs and other benefits have saved the nation's six largest banks -- JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley -- $102 billion since 2009. Dig deeper ( 1 Min. Read )

The Inconvenient Truth About Jack Lew

Robert Scheer / Truthdig Jan 11, 2013 I suppose that he can't be much worse than Timothy Geithner, but that should be scant cause for cheer over the news that the president has nominated Jack Lew as Treasury secretary. Dig deeper ( 3 Min. Read )

A Sign That Obama Will Repeat Economic Mistakes

Robert Scheer / Truthdig Dec 7, 2012 Reports in the business press tout a prime participant in the great banking hustle as a possible candidate to be the next Treasury secretary. Dig deeper ( 3 Min. Read )

Having ‘Skin in the Game’

By Ralph Nader Dec 7, 2012 Nassim Nicholas Taleb’s new tour de force book "Antifragile: Things That Gain From Disorder" is a frame-of-reference altering work that a Wall Street Journal reviewer confessed he would have to read “again and again” Dig deeper ( 3 Min. Read )

Citigroup to Cut 11,000 Jobs

Alexander Reed Kelly / Truthdig Dec 5, 2012 The megabank announced the slashing of 4 percent of its workforce as a report telling of Hurricane Sandy’s negative impact on economic growth was published. Dig deeper ( 1 Min. Read )

Pandit Steps Down as Citigroup CEO

Alexander Reed Kelly / Truthdig Oct 16, 2012 In a development that may please Truthdigger of the Week Sheila Bair, Vikram Pandit, the man who was in charge of megabank Citigroup during the financial crisis, left his job abruptly and with little explanation on Tuesday. Dig deeper ( 1 Min. Read )

‘Left, Right & Center’: Romney in London

Alexander Reed Kelly / Truthdig Jul 28, 2012 Robert Scheer, Chrystia Freeland and Matthew Continetti join "Left, Right & Center" host Matt Miller to discuss Mitt Romney’s London gaffe, former Citigroup CEO Sandy Weill’s break with the mega-banks, and a spoiler about the Olympic Games' opening ceremonies. Dig deeper ( 1 Min. Read )

Pinch Me: What Did Sandy Weill Just Say?

Alexander Reed Kelly / Truthdig Jul 25, 2012 Sanford Weill -- the former Citigroup CEO who led the charge to repeal Glass–Steagall and bring about the era of "too-big-to-fail" banks -- is stunning critics by calling for the breakup of behemoth financial institutions. Dig deeper ( 2 Min. Read )