Thursday, May 13, 2021

Tag: big banks

Big banks pull financing, prepare to seize assets from collapsing oil...

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.

Wells Fargo agrees to pay $3B over massive fraud scandal

“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 becomes first major American bank to prohibit Arctic oil...

“Goldman Sachs is right to recognize that destroying the Arctic Refuge would be bad business. We hope other American banks will follow their lead.”

Homewreckers: How Wall Street, banks & Trump’s inner circle used the...

We speak with investigative reporter Aaron Glantz about his new book “Homewreckers,” which looks at the devastating legacy of the foreclosure crisis...

Global banks, led by JPMorgan Chase, invested $1.9 trillion in fossil...

“Alarming is an understatement. This report is a red alert.”

States can break up big banks. Here’s how.

Big banks are unpopular in both red and blue states; breaking them up could attract support across party lines and prove a winning electoral strategy.

Bernie Sanders introduces legislation that would break up ‘too big to...

"If these banks were too big to fail 10 years ago, what would happen if any of them were to fail today?"

Breaking with Wall Street: LA puts it to the voters

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.

After long career bailing out big banks, Obama Treasury Secretary Tim...

"Your economy, rigged to redistribute wealth to the top."

Why the only answer is to break up the biggest Wall...

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?

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What America can learn from China—Lessons from the pandemic

While the China model cannot be transplanted to the West, there’s a lot that America can learn from China.

What’s up with the herd?

The United States won’t achieve herd immunity because a significant portion of the herd is suffering from mad cow disease.

A pesticide linked to brain damage in children could finally be banned

A court has ruled that the EPA must ban the controversial pesticide chlorpyrifos—or prove its safety.

A leaking oil refinery on St. Croix gives Biden his first environmental justice test

Nearly 100,000 people have signed a petition calling for the closure of a controversial oil and gas facility that has sickened residents of the U.S. Virgin Island.

Sanders, Omar, and others introduce permanent universal school meals program

“No child in the richest country in the world should face hunger.”