If a friend asks for $16,000 so that they can pay off a debt, how do you react? Chances are you think that is a lot of money, and you question how they got into that kind of debt in the first place. Now think about what happens if your state lawmakers ask you for $16,178 to get out of debt.
Only in the warped, distorted, Alice-in-Wonderland world of Wall Street would one think "Washington went to war against big Wall Street banks" or that "Washington won [the war] in a blowout," as said today in a Politico article.
Local politicians are taking on the big banks. Candidates for major office are adopting populist themes. But it starts at the bottom, not the top, with activists who engage with and crystallize the public's desire for justice.
And after that, I respectfully would ask the big banks on Wall Street please to explain to us what they've done to prevent a replay of 2008, when they wiped out one-fifth of the entire wealth of this nation, accumulated over two centuries, in only 18 months.
When residing in the U.S., an aspiring but not yet permanent resident, the first crucial step to acquiring the American-ness I have come to love and d...
Corporate lobbyists have been hyperventilating ever since an amendment requiring firms to report their CEO-worker pay ratio slipped into the Dodd-Frank legislation.
Regarding the #AskJPM blowup, one article began by asking the right question: "What were they thinking?" The answer is, they weren't thinking; they were all talking to themselves and like-minded executives.
The news of the eye-popping $13.5 billion settlement between the Justice Department and other government entities was followed by the announcement that part of that settlement would be with the Federal Housing Finance Agency for roughly $5 billion alone.
The upcoming JPMorgan Chase settlement is expected to be the largest corporate settlement in Justice Department history. Unless the Justice Department prevents it, JPMorgan could heap billions of dollars right back onto the shoulders of taxpayers.
It's time to send the whole barge load of lies and spin to the dump. It's time to embrace the hyper-connected, fully-integrated, socially-networked, crowd-sourced, Millennial generation.
The failed regulator is now happy to put forward proposals that he thinks have no chance of implementation. Greenspan played the jester, but Jon Stewart was not amused.
Every year, the Federal Trade Commission, or FTC, negotiates hundreds of millions of dollars in deals with corporations to settle allegations of criminal wrongdoing. However, the FTC has ended up allowing bad actors to claim massive tax deductions for their wrongdoing.
The U.S. is facing a global crisis of confidence. We may not see a sudden flight of capital from the United States, but we are increasing the odds that we will see a sudden fall in the dollar.
It takes up to seven years for a piece of negative information to be removed from your credit report. Even a single, innocent "late payment" to Saks can haunt you well into your adult life. Why this is is beyond me.
Jon Stewart, Bassem Youssef, and the satirical Billionaires deploy ironic humor to query the powerful and to insist that elected politicians owe voters an honest accounting of their actions.
While supporters of the current system like to brush off criticism of our new electronic stock markets as the dinosaurs' last gasp, they fail to recognize that the public itself has started to share these concerns.