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.
The investment bank turned a huge profit by helping to hide the real extent of Greece's debt, and in the process almost doubled it.
J.P. Morgan was recently socked in the wallet by financial regulators who levied yet another multibillion-dollar fine against the Wall Street baron for massive illegalities.
With the passage of the 2015 federal budget bill, JPMorgan CEO Jamie Dimon got lawmakers to repeal a key part of the 2010 Dodd-Frank financial reform law and allow banks to use the savings accounts of ordinary Americans to gamble in the stock market on behalf of hedge funds, corporations and the rich.
Television commentator Eric Bolling made the mistake in trying to "school" Jon Stewart on the U.S. food stamp program and alleged abuses made by the...
This week on Truthdig Radio in association with KPFK: Sen Dianne Feinstein picks a fight with the CIA on spying and torture, Fukushima turns 3, how to protect yourself from private and government surveillance, and the handful of American families who have all the powercom/avbooth/category/truthdig_radio/" title="Truthdig Radio">Truthdig Radio: Sen.
A 33-year-old JPMorgan employee jumped to his death from the roof of the firm's Hong Kong headquarters Tuesday, adding to a series of untimely deaths in the banking and big business arena in recent weeks.
From his earliest days in high finance, J.P. Morgan was a hustler who often traded on the shady side. The bank that survives in his name inherited his pattern of committing multiple crimes and walking away scot-free. The latest? Getting shareholders to pay a banker's $1 billion fine.
With taxpayer bailouts no longer an option, a major derivatives crisis could transfer money currently held by state and local governments and citizens -- secured and unsecured, insured and uninsured -- into the hands of derivative claimants.