All six banks that received a special Fed "subsidy" have also averaged at least $2.7 billion in lobbying a year for the period 2008-2010.
Because of the urgency to get their fellow comrades out of jail as soon as possible, the banking institution many protesters consider the cause of the economic crisis and inequity will now occupy the movement's money.
Switching to a credit union is one of the easiest and most sustainable forms of protest, and one of the most effective ways to shift the (im)balance of power.
If we look back on the Fall of 2011 a few years from now, I suspect we may trace the beginnings of real reform from two events that occurred last week with little fanfare.
Forty-five dollars for a transaction that a few weeks ago cost $20. What's the $25 increase for?
Revenue doesn't just materialize out of thin air: people provide it. So, if you don't like the way a bank does business, don't do business with them at all, and don't limit your message to your checking account.
The protests offer a good occasion to step back and consider the broad ways in which the financial industry have worked at odds with the interests of ordinary Americans and broad, sustained economic growth in the real economy.
So far, one group has been fairly quiet, if the point is to address the undue political clout and financial power -- to say nothing of economic risk -- now manifest in our leading banks. It is the voice of the American banker.
In August, the Federal Reserve imposed a cap on the fees banks can charge retailers every time customers swipe their debit cards. Why is that important? In addition to banks, consumers may be the biggest losers.
One thing about leaving your job and starting a business is that you find out, very quickly, that it's a cold and lonely world out there. No one really cares about you or your business. You're completely on your own.
While it's truly a testament to the new credit card laws that the number of utterly unattractive credit card offers has diminished over the past couple of years, the fact of the matter is a few bad offers will always remain.
An audit examining assignments of mortgage recorded in the Essex Southern District Registry of Deeds issued to and from JPMorgan Chase Bank, Wells Fargo Bank and Bank of America during 2010 found that 75% of assignments of mortgage are invalid.
With declining prices, scammers are using short sales to make a fast buck by purchasing properties at below-market prices and immediately flopping them to new buyers.
A sea change in New York. Although I have attended the NYC Pride Parade since 1983 -- many as a marshal -- this one was different.
Maybe, with the tough new demand to increase statutory capital far beyond what the banks were willing to do, there will be a banking system that is more protective of itself.