Artist specialized in paintings of Chase bank on fire Of course the police showed up at his house inquiring if he was going to follow through on what his paintings were depicting. … Continue reading Artist specialized in paintings of Chase bank on fire
America’s chief banking regulator admits it failed to act on numerous “red flags” at Wells Fargo that could have stopped the fake account scandal years earlier. They failed to act on 700, … Continue reading Feds knew of 700 Wells Fargo whistleblower cases in 2010
Italian politics and the economy have been in a state of paralysis for decades, with the situation only worsening since the end of the Great Recession. Italy is now in a Long … Continue reading The long depression in Italy | Michael Roberts Blog
Well… He was speaking in front of bankers in Frankfurt, so had to pay his allegiance to the banks, which the Greek people have been bailing out over and over again at … Continue reading Schaeuble: Greece is living beyond its means
A U.S. appeals court today threw out a $1.27 billion penalty levied against Bank of America in connection with shoddy mortgages sold by the former subprime giant Countrywide.The loans in question were … Continue reading Appeals court throws out Bank of America $1.27 billion penalty
The penalty might sound pretty stiff. But get a load of the real math. When all the math is said and done, the true among comes out to around $0. And that … Continue reading Why the Goldman Sachs Settlement Is a $5 Billion Sham
In the midst of global outrage over the Panama Papers, Bernie Sanders is coming directly for Hillary Clinton, citing her support for the Panama trade pact. Let’s just say that the debate … Continue reading Bernie Sanders Just Unleashed on Hillary Clinton over Panama Papers
Everyone is now making vague noises about offshore tax havens and how they should be shut down, or regulated, or something. But the plain truth is that no one really wants to … Continue reading Everyone Is Freaking Out About the Panama Papers—But the Biggest Fallout Is Yet to Come
Of the €252 billion “lent” to Greece, €232.9 billion went to pay off PRIVATE German and French banks who had been gambling people’s money. Greece received less than 10% of the money, yet are being forced to pay off the full amount – and lose evry asset the country has in the process. Continue reading Greek bailout is about destroying democracy, not helping a country.
Of the €400+ Billion that Greece “received” in “bailout” money these past few years, the entire fiasco was about paying off foreign banks, NONE of the money had ANYTHING to do with helping Greece. … Continue reading “Bailout” of Greece: nothing more than bailing out foreign banks
Graphic Used the in video explaining the Libor Scandal Last week the Political Minute talked about the LIBOR scandal, which involved big banks understating interest rates. Most consumers were ho-hum about the … Continue reading Libor Scandal Part 2 – who was ultimately hurt.
Barclays Bank admitted that it rigged the London InterBank Offered Rate from 2007 through 2009 to show that they could borrow money at a lower rate than they actually could. Why did … Continue reading Libor Scandal – $800 Trillion!!