Monday, August 10, 2020

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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A good news storyline: Trump repudiated, Biden steady but insufficient. Enter systemic reformers.

Biden is no FDR. To expect systemic reform from Biden is naive but to envision him as a stepping stone is good progressive strategy.

It could have been different

And keep in mind, when assessing this world I’m going to leave behind to those I hold near and dear, that Covid-19 is hardly the worst of it. Behind that pandemic is something so much worse.

U.S. Cold War China policy will isolate the U.S, not China

The U.S. must stop pursuing its counterproductive effort to undermine China, and instead work with all our neighbors on this small planet.

Trump just admitted on live television he will ‘terminate’ Social Security and Medicare if...

"We just heard it straight from Trump's own mouth: If reelected, he will destroy Social Security."
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Video: Restrained detainee begs for life as guards kill him

Neville’s family has filed a civil lawsuit against the county of Forsyth and Wellpath, the medical agency that employs the nurse, for failing to save Neville’s life and negligently causing his death.