Corporations Enlist Ex-U.S. Spies to Surveil Nonprofits
Nov 26, 2013 A new report reveals how corporations use ex-U.S. intelligence agents to spy on environmental, anti-war, consumer safety and other kinds of nonprofit groups they regard as potential threats.
Banks Suspected of Racial Bias in Housing Crisis Aftermath
Sep 28, 2013 Financial institutions handling foreclosures, especially Bank of America, have been accused of letting properties in minority neighborhoods deteriorate. The National Fair Housing Alliance collected evidence that the bank is maintaining foreclosed houses in predominantly white areas in far better conditions.
Big Banks Trying to Kill Off Credit Unions
Sep 19, 2013 In an effort to gain even more control of Americans' banking assets, the banking industry is trying to stamp out member-owned credit unions -- which began amid the banking failures of the Great Depression -- by stripping them of their nonprofit status.
Larry Summers and the ‘End-Game’ Memo
Aug 26, 2013 A 1997 memo retrieved from the filing cabinet of investigative reporter Greg Palast shows the involvement of Lawrence Summers -- Obama's current favorite for chairman of the Federal Reserve -- in a successful plan to help big bank CEOs "rip apart financial regulation across the planet."
George W. Bush Hospitalized, Government Sues Bank of America, and More
Aug 7, 2013 A look at the day's political happenings, including the first charges filed in the deadly Benghazi terrorist attacks and a look at the donations of The Washington Post's new owner.
Bank of America Schemes to Evade Settlement Rules and Pocket Cash
Jun 30, 2013 Documents leaked by a bank insider show the company sold servicing rights to more than half a million mortgages to loan servicing companies in order to make a quick profit and avoid settlement requirements, leaving homeowners in the lurch and with fewer protections to avoid foreclosure, Salon reporter David Dayen writes.
Bank of America Lied to Homeowners and Rewarded Foreclosures, Ex-Employees Say
Jun 18, 2013 Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.
U.S. Banks Rake In Record $40.3 Billion in Quarter
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.
More Than $100 Billion in Subsidies for Too Big to Fail Banks
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.
Winner Takes All: The Super Priority Status of Derivatives
Apr 10, 2013 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.
