Why Corporate Crime should be Punished by Real Jail Time
One thing that our biggest banks are great at is taking unconscionable risks with other people's money. From the subprime mortgage fiasco that brought down Lehman Brothers and the catastrophic bets...
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A Tale of Two Economies
"It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light,...
View ArticleJPMorgan Chase and an open letter to Nevada's Congressional Delegation
Today we learn about yet another investigation into JPMorgan Chase & Co. This one is an FBI investigation into whether several JPMorgan employees tried to impede an investigation into alleged...
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Economics Daily Digest: Five years of fiscal failure
By Tim Price, originally published on Next New DealClick here to receive the Daily Digest via e-mail.Years of Tragic Waste (NYT)As the anniversary of the Lehman Brothers collapse approaches, Paul...
View ArticleLets Take on the Banks
I don’t know about you, but I am sick and tired of the Wall Street Bankers getting a free pass while the taxpayers are left holding the bag for their irresponsible and reckless policies.I was thrilled...
View ArticleFriday News Dump 11-15-13
It’s ironic that the deadline for the Friday News Dump is in the afternoon, well before the actual dump happens, a customary practice of politicians of any party to put out news they don’t want noticed...
View Article5th Megabanker Suicide in 2 Weeks
Forex claims ‘as bad as Libor’, says FCAThat brings the tally of traders who have been suspended, placed on leave or fired to more than 18 at nine banks, including JPMorgan, Citigroup, Barclays and...
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Wall Street banksters whine about how Elizabeth Warren doesn't like them
Well boo fucking hoo for Wall Street banksters. They have a big sad and are threatening to take their ball and go home, if Elizabeth Warren and Sherrod Brown don't start being nice to...
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Elizabeth Warren on being nicer to Wall Street: 'Give me a break'
A couple of weeks ago four of the biggest banksters, Citigroup, JPMorgan, Goldman Sachs and Bank of America, had a public tantrum about Sen. Elizabeth Warren (D-MA) being mean to them, threatening to...
View ArticleWall Street Accountability and the Election
There is finally, finally, finally some momentum starting to build toward accountability for the biggest banks. The results of the election will determine whether it continues to build or completely...
View ArticleHIDDEN SECRETS: Countrywide, Bank of America & The US Patent Office
Yes, the TBTF Wall Street Banks and other entities like Countrywide applied for and acquired Patent Numbers. Countrywide and Nations Bank assigned their patents to Bank of America according to public...
View ArticleTBTF, TBTJ: Too Big To Exist
I am really excited that the long overdue battle over immigration reform and a path to citizenship has finally begun in earnest. While I am heartsick at the reason, it is good news that common sense...
View ArticleFive biggest TBTF banks are among least reputable companies in America
Harris Interactive’s annual “Reputation Quotient” survey for 2013 finds that the five biggest "too big to fail" (TBTF) U.S. banks have some of the lowest reputations in the country according to their...
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Economics Daily Digest: No one wants what Ryan's selling
By Tim Price, originally published on Next New DealClick here to receive the Daily Digest via e-mail.Paul Ryan vs. the Middle Class (Bloomberg)Josh Barro writes that no matter how much soul-searching...
View ArticleFederal Energy Regulatory Commission Likely to Act Against JP Morgan
From The New York Times:Government investigators have found that JPMorgan Chase devised “manipulative schemes” that transformed “money-losing power plants into powerful profit centers,” and that one of...
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Wall Street & The Language of Avarice
I don’t usually write about economics and financial markets and the reason for this is fairly simple: they intimidate the hell out of me. Mind you, I’m not talking about the institutions themselves or...
View ArticleWho Could Have Predicted JPMorgan Would Be Defrauding Credit Card Debtors?
You could have predicted it. I could have predicted it. Hell, even Sylvia Browne could have predicted it. Prediction is one thing; Kamala Harris, California's Attorney General is trying to do something...
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OR-Sen: Jeff Merkley (D) Fights For Dodd-Frank While House GOP Keeps Trying...
House Republicans continue to find ways to weaken and gut Wall Street reform, this time through an agriculture budgeting bill: http://www.huffingtonpost.com/... Republicans in Congress have been...
View ArticleFERC Handing Out Huge Fines to JP Morgan and Barclays
FERC to impose $500 million fine on JP Morgan, $453 million on BarclaysInvestment bank JPMorgan Chase & Co., accused of using improper trading tactics in California and Michigan, is considering...
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OR-Sen: Jeff Merkley (D) & Colleagues Blame Wall Street For Rising Beer Prices
As we all know, Wall Street banks can screw with everything from the housing market to gas prices. But Senator Jeff Merkley (D. OR) and his colleagues have discovered another thing Wall Street banks...
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