Truthout
Banks
It’s the Interest, Stupid! Why Bankers Rule the World
By developing a public banking system, governments can keep the interest and reinvest it locally.
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One Safety Net That Needs to Shrink
ELECTION Day is upon us, and neither President Obama nor Mitt Romney has really addressed one of the nationu2019s most pressing economic issues: the risk that one day taxpayers …
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I Will Occupy
One year from now, I will be a father for the first time. My child will be six months old, and living in a world fraught with peril. For …
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How to Safely Scale Down the Fiscal Cliff
We should climb down the fiscal cliff slowly and carefully, with the clear goal of achieving a fairer, more balanced federal budget.
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Time to Rebel! Five Ways We Can Break the Big Banks’ Death Grip on the Economy
Wall Streetu2019s incredible greed and arrogance may have finally handed us the tools and leverage we need.
Economic Update: “False Choices and Bad Decisions”
Updates on Chinese economy's response to global crisis, $6.6 billion legal deal among banks, credit card companies and retailers, and food stamp cuts threatened.
Titanic Banks Hit LIBOR Iceberg: Will Lawsuits Sink the Ship?
Billions of dollars were skimmed from cities all across America by colluding to rig the public bids on municipal bonds, a business worth $3.7 trillion.
Kucinich Explains the LIBOR Scandal
What has emerged from the Barclayu2019s Bank inquiry is evidence that banks may have in fact been deliberately manipulating Libor rates for years.
After $9 Billion in Losses, JPMorgan Still Wins With Co-Opted Congress, Hobbled Volcker Rule
The Securities and Exchange Commission's (SEC) current budget of $1.32 billion is dwarfed by the $4 billion to $9 billion JPMorgan Chase may ultimately lose through disastrous gambling on …
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Bank Scandal Turns Spotlight to Regulators
Politicians in both London and Washington are questioning whether regulators allowed banks to report false rates in the run-up to the 2008 financial crisis and afterward.