Reinstated Lawsuit Could Bankrupt Bank of America and Other Major Banks
May 25, 2016 Judges warn that a lawsuit accusing 16 major banks of colluding to manipulate interest rates could bankrupt the institutions responsible for the crash that debilitated the global economy in 2008.
Killing Off Community Banks: Intended Consequence of Dodd-Frank?
Oct 22, 2015 The Dodd-Frank regulations are so lethal to community banks that they are rapidly disappearing—except in North Dakota, where they are thriving. Some say the intent was to force them to sell out to the mega-banks.
Banks Rejected Three Out of Four Requests for Loan Modifications Under Vaunted Obama Program
Aug 1, 2015 One of the Obama administration’s “signature efforts to help homeowners” has “allowed big banks to run roughshod over borrowers again and again,” reports The New York Times.
Karl Marx Was Right
Jun 1, 2015 The economist and philosopher foresaw that capitalism had built within it the seeds of its own destruction, that the greed of a tiny elite would eventually bring down the system. The final stages that he predicted are visible all around us now.
The Clintons and Their Banker Friends, 1992-2016
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.
The Prison State of America
Dec 29, 2014 The incarcerated poor have become the nation’s most exploited workers. They are the prototype drones for the corporate totalitarian state.
Follow the Money: Big Banks, DOJ Find Benefits in Settlement Deals
Oct 31, 2014
America’s Most Hated Banks
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.
L.A. Sues America’s Biggest Bank Alleging Predatory Lending
Jun 3, 2014 On Friday, the city of Los Angeles filed a lawsuit against JPMorgan Chase accusing it of pushing minority borrowers to take on risky home loans that would ultimately cost the city at least $1.7 billion in lost revenue and maintenance.
The Global Banking Game Is Rigged, and the FDIC Is Suing
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.
