If the President now finds it necessary to attempt to brainwash the American public through endless repetition of the word “independent” to shore up sagging public doubt that there are any real cops on the beat when it comes to policing Wall Street,
Less than a month after publishing this editorial, Spitzer had been exposed, disgraced, and was out of office. Greg Palast pointed to the fact that Spitzer was the single politician standing in the way of a $200 billion windfall from the Federal Rese
Today, it’s not just that Wall Street and its army of lobbyists and trade associations are dictating policy and going to court to hold sway over Washington, it’s also the fact that the Senate has confirmed deeply conflicted regulators who earned big
according to a report written by the Federal Housing Finance Agency (FHFA) inspector general and reviewed by Reuters, "Fannie Mae and Freddie Mac are masking billions of dollars losses because of the level of delinquent home loans they carry."
Federal authorities have opened a bribery investigation into whether JPMorgan Chase hired the children of powerful Chinese officials to help the bank win lucrative business in the booming nation, according to a confidential United States government d
The ruling elite, the financial CEOs pay is soaring: John Stumpf of Wells Fargo received $19.3 million in 2012; Jamie Dimon of J. P. Morgan Chase pocketed $18.7 million and Lloyd Blankfein of Goldman Sachs took $13.3 million.
Nomi Davis says 'enough'. Enough of being coerced and intimidated by a company that has no regard for freedom of choice or living a life without fear and risk of possible dire health consequences.
The criminal enterprise known as the Wall Street “too big to fail” banks is engaged in a desperate effort to block passage of Glass-Steagall. Bills have been introduced in both the U.S. House and U.S. Senate to reinstate the 1933 legislation that bro
Morgan Stanley, one of the largest banks in the United States, reported a 66% increase in earnings in July over the same period last year. Morgan Stanley had taken more than $107 billion of U.S. taxpayer money through the bailout programs in the wake
But to me, these investigations will be meaningless unless one of two things happens, once they reach the inevitable stage of concluding painstakingly-crafted settlements with the inevitable teams of high-priced lawyers for the offending firms:
1)
As the largest bank in the world, Wells Fargo is deeply connected with some of the most powerful U.S. and international institutions to ensure that no matter how many crimes it commits -- fraud, illegal foreclosures, money laundering, you name it --
And now we look forward to learning how many hundreds, or maybe even thousands, of cents the settlement will be, which will also include a full wristslapping pardon of Blythe Masters of course.
Like all the big banks, Citigroup is heavily integrated with other dominant institutions in American and international society, which helps explain why the bank can break so many laws and get away with it. It’s not simply financial weight that makes
Top economists, financial experts and bankers say that the big banks are too large … and their very size is threatening the economy. They say we need to break up the big banks to stabilize the economy
Get it? Break up the big banks, or they will co
"The basis of the Eviction Free Zone is that it's politically impossible to carry out eviction for every family facing eviction," Gray said "In our neighborhood [there have] been 835 since 2007, and it's just three or four square miles. The vas
According to NBC, “Bob Lady was the only CIA official (of the 26) the Italian Ministry of Justice sought for arrest.” When we researched this film it was quite clear that Lady’s counterparts in Italy were seriously angry with him for lying to their f
This event, which was held for the first time outside of Europe, took place July 8th-14th, 2013 in Chicago, Illinois on the campuses of North Park University and North Eastern Illinois University.
150 athletes from over 25 nations participated. Com
When Matt Taibbi wrote in Rolling Stone that Bank of America was “a hypergluttonous ward of the state whose limitless fraud and criminal conspiracies we’ll all be paying for until the end of time,” he wasn’t exaggerating. The bank foreclosed on tens
As for the SEC, we have the continuing disgrace of the ignominious Jumpstart Obama’s Bucket Shop Act, which has sent investor protection back to the ugly days of the Roaring Twenties. The SEC passed three measures. One was an embarrassingly watered-d
The “vampire squid” has indeed spread its tentacles far beyond mere financial influence; through its affiliations with global plutocrats who serve on its boards, Goldman is a cosmopolitical conglomerate with ever-expansive power.
To refer to JPMorgan Chase simply as "a bank" is like referring to the United States as just "a country." A geopolitical force unto itself, and a conglomerate embedded within a transnational network of elite institutions and individuals, JPMorgan
So these banks figuratively have the blood of over a thousand people on their hands. They are willing to fund people that murder and torture and behead folks. And they are willing to do that year after year, despite warnings from the regulators that
Pay at Goldman Sachs rose by one sixth in the second quarter of the year, the investment bank is set to declare this week, setting its staff up for another bumper year and further fuelling public fury over bankers’ bonuses.
He put Discovery at risk due to his statements and arguably slandered Texas Instruments as well as the legal council for many major credit card companies. At the end of the day, we have to be our own judge on the matter as it is doubtful any of these
The cognitive dissonance about the dollar never fails to amaze me. People know in their bones that their dollars will be worth a lot less in the future...yet they continue to trust and cling to the dollar as a store of value. They invest in things d
Wall Street regulators hauled before the Senate Banking panel yesterday were likely expecting compliments for their agreement on forcing big banks to boost capital. Instead, Senator Elizabeth Warren dropped a bombshell: she and three other Senators l
With a national debt approaching $17 trillion, Uncle Sam is tightening his belt and looking under the cushions for extra change. But a closer look at his pocket book reveals just how little he knows about where your money is going. The following info
In October, 2011, then-MF Global chief Jon Corzine told an employee that they were going to do everything not to take cash from a revolving credit facility even if that meant “going negative” by taking funds from customer accounts.
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