Thursday, October 22, 2020

Tag: big banks

The Stumpf Banking System

Wells Fargo's CEO was caught stealing from low-income bank customers, and then put the blame on low-level employees.

Jail Wells Fargo CEO and Chairman John Stumpf!

Stumpf’s actions were not merely “unethical” — they were criminal. And in the current system, he’ll not only get away with it, he'll profit more than handsomely.

Time for Congress to Stop Hollering at CEOs and Take Action

Congress should give the Justice Department and regulatory agencies enough funding to do their jobs. While they’re at it, break up the biggest banks. And regulate drug prices directly.

The Employees’ Side of the Wells Fargo Scandal

Banks like Wells Fargo use poverty-level wages and job insecurity to force employees to do unethical things they couldn’t otherwise get them to do.

Wells Fargo Caught in Scheme to Steal Millions from Customers

This scam supposedly began in 2011 and for the last five years, roughly 1.5 million deposit accounts and 65,000 credit-card accounts were created.

Banks Don’t Commit Crimes, Bankers Do

Until the feds charge reckless bankers individually, they'll shake down shareholders to bail them out for misdeeds.

Crime Can Pay if It’s Big Enough

For banksters like Goldman Sachs, federal criminal settlements are just a cost of doing business.

Too Big to Fail, Too Dangerous to Ignore

There’s only one way to protect the global economy from the dangers of too-big-to-fail banks: Break them up.

Hillary Clinton Agrees with the Citizens United Decision

“As Greenwald said, Hillary’s the very model of the type of politician that the five Republicans on the U.S. Supreme Court were trying to empower. The suckers whose votes she gets are fooled merely by her labeling herself a ‘Democrat’ and slinging the type of bumper-sticker phrases that draw Democratic suckers instead of Republican ones.”

Wall Street’s Fraud of the Week Club

“Despite the evidence, many people still see these banks and the people who run them as respectable corporate citizens. In the words of that unnamed Goldman Sachs executive: If they only knew.”

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“But I didn’t know!”

A second Trump presidency will unleash extremists' to target specific politicians and activists, just as any terrorist regime does.

Cooperation Jackson’s food sovereignty initiatives help with sustainable community development, economic democracy, and community...

“It’s a beautiful thing to be able to feed your community, especially in a food desert.”

Why the Founders Would Decry What America has Become

If the Founding Fathers saw what the United States has become, they would be devastated. Poverty, income inequality, suppression of speaking ones mind, crime, war, and oligarch like behaviors all make up this new U.S. It is far from being the democracy it was created as.

US suffered almost 300,000 excess deaths during coronavirus pandemic, CDC reports

They found that excess deaths have occurred every week in the U.S. since March, peaking in the weeks ending April 11 and August 8.

The US spends more than $80 billion a year incarcerating 2.3 million people

"With movements calling for defunding and divesting, people are finally talking about spending and raising the heat on the thousands of corporations that profit off the millions of people we lock up."