Truthout
Banks
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When Corporations Get Too Big to Tax
The drive to scrap the corporate income tax won't stop at zero.
CAF Endorses Warren Bill Easing Tuition Burden On Students
The Campaign for Americau2019s Future has thrown its support behind the student loan relief bill introduced on Tuesday by Sen. Elizabeth Warren.
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Riksbank Officials Lead Sweden Into a Trap
Paul Krugman: Sweden's slide into deflation actually offers several lessons relevant to the rest of us.
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Eric Holder Pledges to Prosecute Banks – Believe Him?
Watch out, banks that engage in criminal activity (aka just about every large bank): Eric Holder and the Department of Justice are coming for you!
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Judge Tosses Retaliation Lawsuit by Fired NY Fed Examiner
A federal judge dismissed the claims of a former bank examiner at the Federal Reserve Bank of New York who says she was fired for refusing to change her …
Wolves of Wall Street: Financialization and American Inequality
It's no secret by now that the recent spike in American inequality is driven in large part by “financialization,” the growing scale of the financial sector relative to the …
Stress Tests, Lending, and Capital Requirements
Despite the much-publicized black eye to Citigroup's management, the bottom line of the Federal Reserve's stress tests is that every other large U.S. bank will be allowed to pay …
The Danger in Giving Payday Lenders a Pass Because “Their Employees Are Nice”
A university professor has suggested that high-cost, predatory consumer loans should be given a “pass” because the employees are “friendly” and because consumer advocates are “out of touch.”
Powerful Private Equity Kingpins Are Moving Into Unregulated Parts of Banking
A powerful set of financial players, namely, private equity firms, is continuing to expand the scope of their activities with little scrutiny.
Usurious Returns on Phantom Money: The Credit Card Gravy Train
The credit card business is now the banking industry's biggest cash cow, and it's largely due to lucrative hidden fees.