Truthout
Banks
Matt Taibbi and “the $9 Billion Witness” Who Exposed How JPMorgan Chase Helped Wreck the Economy
Alayne Fleischmann details how she witnessed “massive criminal securities fraud” in the JPMorgan's mortgage operations.
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Elizabeth Warren: Remarks on Citigroup and its Bailout Provision in the Cromnibus Bill
Citigroup has a lot of money, it spends a lot of money, and it uses that money to grow and consolidate a lot of power.
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Citigroup Will Be Broken Up
The people who run Citigroup have made a series of serious political blunders with long-lasting implications.
New G20 Rules: Cyprus-Style Bail-Ins to Hit Depositors and Pensioners
The new rules prioritize the payment of banks' derivatives obligations to each other, ahead of everyone else.
New York Fed, Goldman Sachs in Criminal Investigation for Sharing Confidential Information
Goldman's decisions are driven by simple reputational considerations rather than a desire to comply.
The History of a Dangerous Idea: Mark Blyth Talks Austerity, Greece and the Global Economic Crisis
Economist and author Mark Blyth traces historical origins of austerity as an economic idea and the catastrophe of attempts to enforce it.
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Secret Tapes Hint at Turmoil in New York Fed Team Monitoring JPMorgan
Examiners are reportedly blocked from doing their job as “London Whale” trades blow up.
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Wall Street Journal Reports: Bank of North Dakota Outperforms Wall Street
The answer is something the privately-owned major media have tried to sweep under the rug: the public banking model is simply more profitable and efficient than the private model.
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Kevin Drum Doesn’t Like Postal Banking: A Reply
Stepping beyond the issue of postal banking, there is a basic question of how we think about the Postal Service.
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Taibbi: Ex-JPMorgan Lawyer With Smoking Gun on Mortgage Fraud Stymied by Holder Cover-Up
Matt Taibbi has pulled the curtain back on an offensive bit of Obama administration bank cronyism.