In Spite of 2010 Law, Banks Still Make Billions on Overdraft Fees
May 26, 2016 A 2010 law was supposed to relieve Americans of the onerous penalties, but thanks to aggressive marketing campaigns that persuade consumers to “opt in” for overdraft coverage, banks made nearly $14 billion on the "service" last year.
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.
A Whining Wall Street Banker Pleads for Pity
Jan 31, 2015 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.
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.
Torture ‘Was the Last Straw for Me,’ CIA Rebel Ray McGovern Says
Mar 14, 2014 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 power.Bill Moyers Has a Problem With Obama’s SEC Nominee
Mar 13, 2013 The broadcaster points out that President Obama, just like George W. Bush, is pushing his nominees through the revolving door between regulatory agencies and the banks they're supposed to oversee.
Why the Senate Won’t Touch Jamie Dimon
Jun 21, 2012 JPMorgan Chase is the biggest campaign donor to many of the members of the Senate Banking Committee who were charged with investigating the bank's CEO, Jamie Dimon, in mid June.Paul Volcker and His Rule
May 16, 2012 JPMorgan Chase CEO Jamie Dimon may be less concerned with the actual $2 billion his bank lost than the credence it lends to calls for tougher regulation.
‘Left, Right & Center’: Gay Marriage: State or Civil Right?
May 12, 2012 President Obama says he thinks gay marriage should be legal, but isn't looking to legislate. JPMorgan Chase, the "best of the banks," loses a $2 billion bet and reignites the debate over bank regulation. The French election has austerity hawks worrying about a resocialized euro, and Indiana Sen. Richard Lugar's primary loss could usher in a new era of ideological warfare.
Citigroup and 3 Other Banks Can’t Take the Stress
Mar 14, 2012 Despite hefty bailouts and infinitesimal interest rates, Citi, Ally Financial, MetLife and SunTrust were not able to pass the latest round of stress tests designed and measured by the Federal Reserve.
