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Big Banks

New Ways Bankers Are Spying On You

Wall Street Journal | KAREN BLUMENTHAL | Posted 05.25.2011 | Business

Big Banker is watching you--more closely than ever. With lenders still skittish about making new loans, credit bureaus and others are hawking service...

The Volcker Rule After The Midterm Elections

New York Times | Posted 05.25.2011 | Business

The Obama administration saved the deeply troubled megabanks in the United States in early 2009 with a bundle of rescue measures that, compared with s...

The Empire Struck Back- With a Vengeance

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

I have that Han-Solo-encased-in-carbonite feeling this morning. The powers that be in modern America- the insurance industry, big oil and coal compani...

Marcus Baram

JPMorgan Almost Doubles Lobbying Spending In Third Quarter | Marcus Baram | Posted 05.25.2011 | Business

The 10 biggest banks in the U.S. spent almost $11 million lobbying the government on financial reform legislation and other issues during the third qu...

How Independents Can Save the Country

Jim Worth | Posted 05.25.2011 | Politics
Jim Worth

Never in our history has the Independent vote been so crucial.

Simon Johnson: Foreclosure Scandal Shows Banks Need New Stress Tests

New York Times | SIMON JOHNSON | Posted 05.25.2011 | Business

How much damage to the financial system should we expect from what is now commonly called the foreclosure morass, the developing scandal involving doc...

HOUSE ADVANTAGE: Banks Shared Clients' Profits, But Not Losses During Meltdown

New York Times | Louise Story | Posted 05.25.2011 | Business

JPMorgan Chase & Company has a proposition for the mutual funds and pension funds that oversee many Americans' savings: Heads, we win together. Tails,...

Big Banks Will Clean Up This Mess -- When We Demand It

George Goehl | Posted 05.25.2011 | Business
George Goehl

In the years since the nation's largest banks were bailed out by taxpayers they have shown very little in the way of thanks. They can begin demonstrating some gratitude by rebuilding what they broke.

Arthur Delaney

SEIU Launches 'Where's The Note' Campaign To Help Homeowners Fight Foreclosure | Arthur Delaney | Posted 05.25.2011 | Business

A coalition of groups led by the SEIU is launching a campaign to help homeowners capitalize on a growing foreclosure fraud scandal that has forced ban...

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...

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,...

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. ...