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Banking Crisis

An Open Letter to Eric Holder and the Department of Justice

Carla Shutak | Posted 07.25.2014 | Politics
Carla Shutak

How do I, as a victimized consumer, apply for said relief? You see, many of us used-to-haves out here in the real world are still trying to claw and scrape our way out of the hole these financial institutions dug for us to live inside.

"FedUp" Activists Identify the Source of Economic Pain -- The Federal Reserve

Jerry Ashton | Posted 05.28.2014 | Politics
Jerry Ashton

For the first time since the '30s, the 99 percent stood up and pointed out the real culprits -- Wall Street and the politicians they own. People listened, they heard, and began to believe.

How Europe Can Escape the Austerity Trap

Jacques Attali | Posted 04.16.2014 | World
Jacques Attali

europeunemployment.jpg It will become clear sooner rather than later that the present rigorous and painful course of austerity will not on its own solve the specific problems that European citizens face in their lives.

Is Europe Changing the Financial Sector?

Iván H. Ayala | Posted 02.11.2014 | World
Iván H. Ayala

It is not a coincidence that banks have manipulated the LIBOR for preventing exposure of their positions of derivatives of interest rates in certain markets. It is the consequence of the so-called "liberalization of capital markets" which might be better defined as a "decriminalization" of some practices formerly regulated.

Is the Housing Boom in Phoenix Creating Another Bubble?

Anita Verma-Lallian | Posted 01.25.2014 | Business
Anita Verma-Lallian

The current market portends a promising future for growth of Phoenix. We have survived one of the worst real estate recessions of all times, and now we are moving into time of expansion for housing. In a state that sees sunlight 85 percent of the year, the future of Metro Phoenix's housing market is just as bright!

The Bank Guarantee That Bankrupted Ireland

Ellen Brown | Posted 01.23.2014 | Business
Ellen Brown

The Irish have a long history of being tyrannized, exploited, and oppressed -- from the forced conversion to Christianity in the Dark Ages, to slave t...

Costa-Gavras: Cinema's Last Angry Man

Alex Simon | Posted 01.23.2014 | Entertainment
Alex Simon

"I'm always a bit suspicious about ideologies, you know. My basic thinking and feeling is to always respect the dignity and freedom of others. That's what I've always tried to make films about and if I do follow any personal ideology, that's the only one I can say I believe in."

Debt Ceiling (Foolishness in Action)

Asher Edelman | Posted 11.27.2013 | Business
Asher Edelman

Perhaps just the threat of this equitable solution will move the small thinking destructive clique, who would ransom the world economy to further political goals, to move on and deal with politics in a more reasoned manner.

Bank Bailouts & Financial Skulduggery: A Lesson from History

Adrian Teal | Posted 11.26.2013 | Business
Adrian Teal

As if one were needed, the news that JP Morgan Chase & Co. has been embroiled in yet another banking scandal is a reminder that the world of finance long ago hocked its cracked and dented moral compass to the pawnbroker.

A Basis for Agreement (Ending the Qs)

Asher Edelman | Posted 11.24.2013 | Business
Asher Edelman

What has the QE program and other monetary policy done for the middle, lower, and no income classes? If it hasn't exacerbated the pain, it certainly hasn't produced relief.

Bill de Blasio Because He Will Reverse the Bloomberg Administration's Policies That Have Left 50,000 New Yorkers Homeless

Laura Merriman | Posted 09.10.2013 | New York
Laura Merriman

I am supporting Bill de Blasio because he is the one candidate who will reverse the downward trajectory that far too many New Yorkers have faced during the Bloomberg years. The polls close at 9 p.m.

Wall Street's Two Least Favorite Birthdays: OWS and Everett Stern

Jerry Ashton | Posted 10.28.2013 | New York
Jerry Ashton

You can be sure that TBTF (Too Big To Fail) bankers will not be donning party hats when these two birthdays roll around: that of Occupy Wall Street on...

Viking Virtues = Viking Capital

Darryl Woodard | Posted 08.22.2013 | Business
Darryl Woodard

In 2008, as the United States suffered the worst recession since the Great Depression, the effects of the economic downturn were felt worldwide. There...

Why Senator Warren's '21st Century Glass-Steagall Act' Is Never Going to Happen

Casey Bond | Posted 10.20.2013 | Business
Casey Bond

Reinstating the act wouldn't instantly fix everything that's wrong with our system, but it sure would be a much-needed start -- just don't count on it ever happening.

Remember Citigroup

Simon Johnson | Posted 07.15.2013 | Business
Simon Johnson

Even Sandy Weil, former CEO of Citigroup who led the charge against the remnants of Glass-Steagall in the 1990s, concedes that this was a regrettable mistake -- and argues for all of the biggest banks to be broken up.

Dodd-Frank on a Precipice

Daniel Dicker | Posted 08.10.2013 | Business
Daniel Dicker

The Dodd-Frank rulemaking process, now in its fourth year, has been so long, wonky and arcane that it has entirely lost the interest of the public and the press -- as perhaps was the plan of its detractors.

World Bank Whistleblower Reveals Massive Corruption

Kevin Lawton | Posted 05.29.2013 | Business
Kevin Lawton

You need to know about this woman! Former Senior Counsel to the World Bank, Karen Hudes, unleashed recent interviews that should shatter any remainin...

Jamie Dimon and Lloyd Blankfein Own the Senate. When Will America Stop Bickering and Wake Up?

David Paul | Posted 06.03.2013 | Politics
David Paul

Perhaps the greatest success of the bank lobby has been its success in pitting the right and the left against each other to undermine a broader understanding that the status quo is neither in the public interest nor necessary for an effective financial system.

Crafting the Cyprus Deal: A Road Filled With Blunders

David Catalan | Posted 05.31.2013 | Business
David Catalan

The role of the Troika in bailing out governments and banks is nothing new, but the solutions put forward by EU leaders to improve the Cypriot crisis seem to be founded on little foresight, and without regard for the tragic mistakes of the past few years.

Chicago Bank Borrowed Big Time From Feds

Reuters | Posted 05.30.2013 | Chicago

NEW YORK, March 29 (Reuters) - Republic Bank of Chicago and Danversbank were among the largest borrowers from the U.S. Federal Reserve's emergency l...

The Cooperative Way to a Stronger Economy

Sarah van Gelder | Posted 05.07.2013 | Impact
Sarah van Gelder

Co-ops -- just like people -- can get more done together than anyone can do alone. The good news is that co-ops come in many forms and are more common than you might imagine.

Eleazar David Melendez

Bankers Who Made Millions In Housing Boom Misled Investors: Study

HuffingtonPost.com | Eleazar David Melendez | Posted 02.13.2013 | Business

Bankers who made billions of dollars packaging home loans into bonds during the prime years of the housing boom provided false information to investor...

Icesave Decision: Hard Case, Bad Law

Iris Erlingsdottir | Posted 03.31.2013 | World
Iris Erlingsdottir

The few bankers who have been prosecuted have only received slaps on the wrist with a wet noodle. The individuals who ransacked the banks and their enablers still have their ill-gotten gains, their mansions, their yachts and jets, and now their "honor."

The OCC's Tragic Response to the Frontline Expose: The Untouchables

William K. Black | Posted 03.28.2013 | Business
William K. Black

The Frontline documentary begins the process of explaining what we have been saying for years -- neither the Bush nor the Obama administration has been willing to conduct a real investigation of the elite banksters whose frauds made them wealthy and drove the financial crisis and the Great Recession.

What Would a Trillion-dollar Coin Mean?

Stephen Zarlenga | Posted 03.25.2013 | Politics
Stephen Zarlenga

Considering the destruction the banks have wrought, shouldn't our nation revisit the foolish policy of giving banks the license to create our nation's money, then having our government borrowing that money and paying interest on it?