Articles with banks Tag
Occupy’s 99 Pledge
By Russ Baker on Jan 13, 2012
So those wacky “Occupy” folks don’t have a clear picture of what they want? So they’re just a bunch of people who enjoy protesting? Watch this—from little Ole Occupy Santa Fe.
Obama: “Yes, I’m in a Can”
By Russ Baker on Jan 4, 2012
Let’s look a little further at what ails Obama—and us. It’s about the pretty small part of the One Percent that really calls the shots, and keeps a president from doing what he surely knows he must.
Obama’s Only Friend Left?
By Russ Baker on Jan 2, 2012
Obama’s circle of friends shrinks. But “interesting” banker Robert Wolf remains. 99 percent, meet the One Percent, and their man with the president.
Did You See This? Gotta Love Them Banks
By Candelora Versace on Oct 2, 2011
Bank struggles to maintain record profits
Giving Chase: Egypt, OK – But What About America’s Oligarchs?
By Russ Baker on Feb 10, 2011
With all the attention on crowds of ordinary people rising up and asserting themselves against corruption and self-dealing by an oligarchy, we’re missing what the oligarchs are doing right at home. Take, for example, the activities of one of our biggest banks, JPMorgan Chase.
Newly released documents show...
Credit Where Credit Ain’t Due
By Russ Baker on Sep 23, 2009
Two large debit-card issuers have suddenly decided to clean up their acts in the face of pending legislative action against them. The bigger question is: what’s to prevent them from pulling a bait and switch, first voluntarily revising their rapacious practices and then, when the threat of legislation dies...
Florida Regulators Aided and Abetted Stanford
By David V. Johnson on Jul 7, 2009
The Miami Herald published a long investigative piece about how Sir Allen Stanford, whose Antigua-based banking empire has been shut down as a massive fraud, was able to open a Miami branch in 1998 free from regulatory oversight, with the approval of Florida banking regulators.
Stanford got his...
UBS or Just Plain BS?
By Russ Baker on Jun 24, 2009
The Obama Justice Department has just floated a trial balloon to see if it can drop a legal effort to force the Swiss Bank UBS to disclose the names of 52,000 rich Americans suspected of using the bank to evade US taxes. Back in February, the Justice Department sued the bank in an effort to force it to name...
Who’s Got Obama’s Ear?
By Russ Baker on Jun 18, 2009
In the New York Times, Joe Nocera argues that Obama’s steps at regulating Wall Street are tepid compared to FDR’s and are likely to leave in place some of the very mechanisms that contributed to the crisis. Read this excerpt, if not the entire piece, then my closing comment:
[T]he Obama plan is little...
Moral Hazard, Fed Style
By David V. Johnson on May 30, 2009
How exactly did the Federal Reserve gain the emergency authority to loan more than $1 trillion of taxpayer money to the banks secretly and without oversight? The Washington Post explains today in a long investigative piece by Binyamin Appelbaum and Neil Irwin.
As it turns out, Sen. Chris Dodd slipped the...
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