Time to Move Your Money

Staff / Truthdig Nov 5, 2011 Saturday is the day 80,000 people have pledged to punish "too big to fail" banks by moving their money to credit unions and local community institutions. How does it work? Will banks feel the hurt? How can it be done quickly and conveniently? Josh Harkinson at Mother Jones answers these questions and more. Dig deeper ( 2 Min. Read )

The Long-Awaited Oct. 15 Lineup

Staff / Truthdig Oct 15, 2011 Occupy Wall Street will hold a number of major events Saturday. First will be a march on a JPMorgan Chase branch to protest the $94.7 billion taxpayer bailout of the company and the bank's layoff of 14,000 workers since then. (more) Dig deeper ( 1 Min. Read )

Nine Wall Street Big Shots Who Cashed In on the Crisis

Staff / Truthdig Oct 9, 2011 With Americans across the country realizing that they are not the only ones fed up with the CEOs, bankers and policymakers responsible for the current damage to the U.S. economy, now is a good time to read up on the Wall Street executives who profited most from the bubble and federal bailout. (more) Dig deeper ( 1 Min. Read )

Government Lawsuits Against Big Banks Are a Go

Staff / Truthdig Sep 3, 2011 Federal regulators filed lawsuits against 17 financial institutions Friday afternoon for allegedly misrepresenting the poor quality of mortgage securities they sold to Fannie Mae and Freddie Mac at the height of the housing bubble. (more) Dig deeper ( 1 Min. Read )

U.S. Agency Set to Sue Big Banks on Mortgage Deals

Staff / Truthdig Sep 2, 2011 The Federal Housing Finance Agency is set to file lawsuits against more than a dozen big banks for allegedly misrepresenting the quality of mortgage securities they were assembling and peddling at the height of the housing bubble. (more) Dig deeper ( 1 Min. Read )

Three Banks Spanked for Subpar Mortgage Practices

Staff / Truthdig Jun 10, 2011 In a startling move, the Obama administration is holding three major banks -- Wells Fargo, Bank of America and JPMorgan Chase -- accountable for their bad lending habits on the mortgage market, cutting off funds from the Home Affordable Modification Program until they shape up. Dig deeper ( 1 Min. Read )

U.S. Colleges Get In on African Land Grabs

Staff / Truthdig Jun 9, 2011 American universities are reportedly using endowment funds to buy and lease vast tracts of African farmland, often for piddling prices, in deals that will reward foreign investors handsomely while separating tens of thousands from their homes and farms and providing little or none of the economic benefits promised them, California researchers say. Dig deeper ( 1 Min. Read )

Banks Push to Appease Regulators With Low-Ball Damage Compensation

Staff / Truthdig May 15, 2011 Investigators at the United States Trustee Program, which oversees U.S. bankruptcy cases, are collecting mountains of evidence that show that banks industrywide are hurrying huge numbers of borrowers out of their homes prematurely, based on false loan repayment claims. (more) Dig deeper ( 2 Min. Read )

JPMorgan Chase Execs Doubted Madoff Before the Fall

Staff / Truthdig Feb 4, 2011 It appears that some higher-ups at JPMorgan Chase were on to fraudster Bernie Madoff nearly two years before the catastrophic implosion of his Ponzi scheme, but said execs didn't take this knowledge as reason enough to stop doing business with him. Dig deeper ( 1 Min. Read )

Hogwash, Mr. President

Robert Scheer / Truthdig Jan 26, 2011 What is the state of the union? You certainly couldn’t tell from that platitudinous hogwash that the president dished out. Dig deeper ( 4 Min. Read )

Obama’s New Chief of Staff Makes $8.3 Million From Wall Street Gig

Staff / Truthdig Jan 21, 2011 In preparation for his new White House job, William Daley sold $8.3 million of JPMorgan Chase stock. Thanks to government regulations, Daley can postpone paying the capital gains on that haul until he leaves public life, which, given how fast the door between Obama's White House and Wall Street spins, shouldn't be too long. Dig deeper ( 1 Min. Read )

Obama Pulls a Clinton

Robert Scheer / Truthdig Jan 19, 2011 Here we go again. When Bill Clinton suffered an electoral reversal after his first two years in office, he abruptly embraced the corporate money guys who had financed his congressional opposition in an effort to purchase a second term.This is a case of corporate blackmail pure and simple. Dig deeper ( 4 Min. Read )