Tag: big banks
The big banks funded the money-losing fracking industry for the past decade just like they funded the housing crisis — but the reality is, just like in the housing crisis, the coming bailouts will protect the banks.
“We are hopeful that this $3 billion penalty, along with the personnel and structural changes at the Bank, will ensure that such conduct will not reoccur.”
“Goldman Sachs is right to recognize that destroying the Arctic Refuge would be bad business. We hope other American banks will follow their lead.”
We speak with investigative reporter Aaron Glantz about his new book “Homewreckers,” which looks at the devastating legacy of the foreclosure crisis...
“Alarming is an understatement. This report is a red alert.”
"If these banks were too big to fail 10 years ago, what would happen if any of them were to fail today?"
The numbers are there to support the case for a city-owned bank, but a critical ingredient in effecting revolutionary change is finding the political will.
"Your economy, rigged to redistribute wealth to the top."
Why should banks ever be permitted to use peoples’ bank deposits – insured by the federal government – to place risky bets on the banks’ own behalf?