Bernie Sanders: Elect Me President and We’ll Kick Big Bankers Out of the Federal Reserve

Staff / Truthdig Dec 24, 2015 Banks are bigger today than before the crash that began in late 2007 and subsequent bailout. To rein them in, we should begin by forbidding “big bank executives to serve on the boards of the main agency in charge of regulating financial institutions,” Sanders writes in The New York Times. Dig deeper ( 2 Min. Read )

Banks Rejected Three Out of Four Requests for Loan Modifications Under Vaunted Obama Program

Alexander Reed Kelly / Truthdig 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. Dig deeper ( 1 Min. Read )

How Goldman Sachs Helped Create the Greek Debt Crisis

Robert Reich / Truthdig Jul 17, 2015 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. Dig deeper ( 5 Min. Read )

It’s Greek to Goldman Sachs

Robert Scheer / Truthdig Jun 30, 2015 “What is this Goldman Sachs and why has it caused us so much grief?” is a question they must be asking in even the most remote of Greek villages, as they are throughout much of this economically troubled world. (Reposted) Dig deeper ( 3 Min. Read )

Karl Marx Was Right

Chris Hedges / Truthdig 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. Dig deeper ( 9 Min. Read )

Cage-Free Bankers

Mike Luckovich / Truthdig May 21, 2015 Dig deeper

Five Big Banks Pleading Guilty to Felony Charges Will Continue Business as Usual

Alexander Reed Kelly / Truthdig May 14, 2015 “For most people, pleading guilty to a felony means they will very likely land in prison, lose their job and forfeit their right to vote,” writes Dealbook at The New York Times. Dig deeper ( 2 Min. Read )

The Clintons and Their Banker Friends, 1992-2016

By Nomi Prins, TomDispatch 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. Dig deeper ( 14 Min. Read )

California Water Wars: Another Form of Asset Stripping?

By Ellen Brown, Web of Debt Mar 27, 2015 The battle over California's limited water supply is pitting the people against the new "water barons" -- Goldman Sachs, JPMorgan Chase, Monsanto and their ilk -- who are buying up water all over the world at an unprecedented pace. Dig deeper ( 7 Min. Read )

A Whining Wall Street Banker Pleads for Pity

Staff / Truthdig 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. Dig deeper ( 3 Min. Read )

Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives

By Ellen Brown, Web of Debt Dec 26, 2014 The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and depositors and taxpayers could be liable, following repeal of key portions of the Dodd-Frank Act signed into law on December 16th. Dig deeper ( 6 Min. Read )

President Obama and Congress Just Gave Your Savings Account to JPMorgan

BLANK Dec 14, 2014 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. Dig deeper ( 3 Min. Read )