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Big Banks

The Great American Credit Catastrophe Is Our Generation's 9/11

Michelle Kraus | Posted 05.25.2011 | Politics
Michelle Kraus

The housing crisis is just one piece of the big, ugly mess of the consumer credit debacle. It seems to me that our president must call for immediate reform and take action through executive order.

Declare a Jobs Emergency on September 15!

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Job cuts sometimes have a way of sneaking up on you -- a few teachers here, a police officer there and a fire department that may not be open when you...

2010 Workers' Voice Awards: Worker Worthy Pop Culture Standouts

Wyatt Closs | Posted 05.25.2011 | Entertainment
Wyatt Closs

Wanna honor Labor Day but not work at it? Check out any of these pop culture expressions from the last year. Just in time for your nod to Labor Day, ...

How Banks Faked Demand And Made The Financial Crisis Much Worse

ProPublica | Posted 05.25.2011 | Business

Over the last two years of the housing bubble, Wall Street bankers perpetrated one of the greatest episodes of self-dealing in financial history. Fac...

Will Perpetrators of Financial Crimes Ever Face Justice?

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Some will rob you with a six gun and some with a fountain pen - Woodie Guthrie Like mushrooms popping up in a damp basement, a slew of court settleme...


Wyatt Closs | Posted 05.25.2011 | Entertainment
Wyatt Closs

Da Bomp bomp ba bomp da bomp bomp, Da Bomp bomp ba bomp bomp ba bomp bomp. This is the rhythm of work today. Whether getting your grind on behind a ...

Obama's G20 Financial Reform Letter Shows Empty Rhetoric: Financial Reform Has Failed | Simon Johnson | Posted 05.25.2011 | Business

The House-Senate reconciliation process is still underway and some details will still change. But the broad contours of "financial reform" are already...

You Can't Hide Those Lying Eyes

The 14th Banker | Posted 05.25.2011 | Business
The 14th Banker

A newly released Standford paper is pure gold. It focuses on what CEOs say in investor conference calls and how they say it. How they say it provides psychological linguistic clues into whether they are lying or not.

Voices of the Economy Amplified: Best Films, TV, Art, Books and Moments About Work, Pt 1

Wyatt Closs | Posted 05.25.2011 | Arts
Wyatt Closs

With real storylines like Oil Spills, Big Banks' Foreclosures, or Turning Down Loans to Pregnant Women, and real characters like The Truly Unemployed,...

Bank of America: The Whopper Giveaway

Don McNay | Posted 05.25.2011 | Business
Don McNay

A Bank of America call center offered Burger King Whoppers to workers as a reward for hitting a quota, while peddling Bank of America products. Somehow this incident sums up everything that is wrong in America.

Arthur Delaney

Bank Of America Manager Offers Whoppers As A Sales Incentive | Arthur Delaney | Posted 05.25.2011 | Business

To spur sales during a week in June, a manager at a Bank of America call center in Nevada tantalized employees with the Whopper Jr. A flier provided...

Stephen Colbert: Elizabeth Warren Could Have Oprah-Like Power (VIDEO)

Huffington Post | Sherry Shen | Posted 05.25.2011 | Business

On a recent episode of the Colbert Report, Stephen Colbert spoke to Barney Frank, Chairman of the House Financial Services Committee, about the possib...

Debit Fee Cut Is Rare Loss For Big Banks

AP | MARK JEWELL | Posted 05.25.2011 | Home

BOSTON — Congress appears poised to tighten restrictions on the fees that merchants pay when customers swipe debit cards at cash registers. An ...

Shahien Nasiripour

As Lending To Small Businesses Plummets, Bernanke Implores Banks To Do More | Shahien Nasiripour | Posted 05.25.2011 | Business

After more than 40 summits held across the country to figure out why the nation's small businesses aren't getting the loans they need and qualify for,...

Bernanke Calls Out Banks For Stiffing Small Business In Favor Of Big Firms

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Big companies are building up cash and are expected to report strong earnings starting this week. Not so for small businesses that ...

Big Win For The Fed: Senate Votes To Keep Small Banks Under Fed's Watch | Alison Vekshin and Scott Lanman | Posted 05.25.2011 | Business

May 12 (Bloomberg) -- The U.S. Senate today approved an amendment to the financial-overhaul bill to retain the Federal Reserve's powers to supervise s...

SIMON JOHNSON The Kanjorski Surprise - Now It Gets Interesting

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

The bank lobbyists, it turns out, missed one. They and their congressional allies were able to gut the Volcker Rule, the Lincoln Amendment, and almost everything else that could have had an effect on the industry.

Wall St. Reform Bill Yields Big Win for Little Countries

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

You know that Wall Street reform bill pending in the Senate? Some last minute insertions add up to a surprisingly big win for the developing world. ...

Arianna On 'John King USA': Move Your Money, Support Your Community Instead Of Too Big To Fail

Huff TV | Posted 05.25.2011 | Business
Huff TV

Arianna appeared on CNN's "John King USA" Wednesday night to talk about the "Move Your Money" campaign, which she said allows people to act where gove...

It's Not About Politics, It's About Competence

Taylor Marsh | Posted 05.25.2011 | Politics
Taylor Marsh

The big two parties are failing this country horrifically. It's politics over competency at every single point, including where our domestic security is concerned.

Survey: More Consumers Willing To Switch banks

Los Angeles Times | E. Scott Reckard | Posted 05.25.2011 | Business

Like them or not, banks can be hard to leave. Who wants to transfer accounts, get used to new branch locations or master a different online banking sy...

Plutocracy vs. Democracy: Break Up the Big Banks Amendment Votes Will Expose the Real Divide in America

Paul Abrams | Posted 05.25.2011 | Business
Paul Abrams

It is that simple. When considering a candidate to support in the 2010 elections, watch their votes on this issue.

Blanche Lincoln Rambos Wall Street

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Sen. Blanche Lincoln decided to Rambo Wall Street. As Chair of the Senate Agriculture Committee, she put forward a stunning improvement to the Senate financial reform bill over the hysterical cries of big bank lobbyists.

Chicagoans Must Rally Around ShoreBank

Karen K. Harris | Posted 05.25.2011 | Chicago
Karen K. Harris

ShoreBank, a staple of the Chicago community, may be in jeopardy of seizure if it does not receive TARP funds from the Federal Reserve Bank.

Wall Street Reform Bill Could Be a Big Win for the Farm Belt

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

In a big win for American farmers, consumers and even import-reliant African nations, the Wall Street reform bill winding its way though Congress has unique provisions that apply to food and energy speculation.