Truthout
Banks
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Barry Knight Is Fed Up With the Fed; He Thinks You Should Be, Too
Historically, there has been plenty of opposition to a central bank, but today, Knight believes the public is operating under a benign misperception.
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Why Can’t We Access the Fed’s Free Money?
For the central bank to satisfy its mandate to promote full employment and to become an institution that serves all the people, not just the 1 percent, the Fed …
Why JP Morgan Is JP Morgan
Which is to say, a basket case. Along with Citigroup, and Bank of America.
The Debtor’s War: A Modern Greek Tragedy
Thatu2019s what governmentu2019s are for, right? To serve banksu2026 right?
First Wall Street Criminal Confession in a Generation … Still No One in Jail
Bill Black: SAC Capital Advisors pleads guilty to insider trading, but owner Steven Cohen has yet to face criminal prosecution.
Out of the Mouths of Babes
My seven-year-old daughter’s new favorite song is, no joke, “Banks of Marble,” sung by Pete Seeger.
Laura Gottesdiener: On Housing and Fighting Back Against Dreams Delayed
Stores like Walmart, Costco and Home Depot are providing financial products like mortgages and various loans.
Why JPMorgan May Be Getting Off Easy
Last Friday JPMorgan Chase reached a tentative $13 billion settlement with federal prosecutors for its alleged manipulation of mortgage securities, which helped trigger the Great Recession.
JP Morgan Pays $13 Billion in Historic Settlement
Taxpayers might be on the hook for 35 percent of JP Morgan's settlement cost.
The Armageddon Looting Machine: The Looming Mass Destruction From Derivatives
Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system.