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Entries in Banks (7)

Monday
Jun062011

Tables Turn: Deputies and movers show up at bank to seize property for homeowner

COLLIER COUNTY, Fla. - A bank foreclosure story you've got to see to believe. A Collier County couple turns the tables on Bank of America, the bank that tried to foreclose on their home. Now, the family is foreclosing on the bank! Even bringing trucks and deputies ready to seize property.

Click to read more ...

Thursday
May192011

Strauss-Kahn and The Secret Culture of Aggressive Sexuality In The High Pressure World Of Bankers and Banksters

host By Danny Schechter
 

Media "The shock, grief and loss were overwhelming.My colleague Mike Whitney asks: “So, what are the chances that Strauss-Kahn will get a fair trial now that he's been blasted as a serial sex offender in about 3,000 articles and in all the televised news reports?

Do you remember any Wall Street bankers being dragged off in handcuffs when they blew up the financial system and bilked people out of trillions of dollars?"

The answer to both questions is certainly Non in French or No in English, but there’s more to the connection between Sex and Wall Street. Without commenting on the evidence in this case—which has been asserted, not proven-- there is a deeper context that is being ignored.

I call it the Testosterone Factor in The Crime of Our Time, my book about how Wall Street criminally engineered the financial crisis.

Interesting isn’t it that have been so few references to the link
between the pervasiveness of salacious sex and the highly-charged
life of a class of “entitled” wealthy bankers who live off of others
with few rules or restraints.

There is also often no news about that or the practices of the IMF
which is often accused of raping poor and vulnerable countries
with unfair structural adjustment programs.

Click to read more ...

Monday
Feb282011

UK Uncut Inspires US Groups to Attack Cuts and Tax Avoidance

Hundreds of activists in the US are planning to take part in a day of direct action in a move inspired by Britain's fast growing protest group. US Uncut groups have sprung up from New York to Hawaii in the last three weeks and activists will demonstrate against government cuts and corporate tax avoidance in more than 50 cities on Saturday. The

Click to read more ...

Monday
Feb212011

Bash the Bank

For the last quarter of 2010, JPMorgan Chase (JPMC) had a 47% jump in profits and since 2010 was such a good year it set aside $9.73 billion for its investment bankers’ bonuses. It is easy for pundits to decry such bonuses and at the World Economic Forum in Davos the bank’s president, Jamie Dimon, struck back at critics. He deplored what he described as “banker bashing” and said that bankers have become political whipping boys. He doesn’t seem to know why that is. To figure it out he could go back to JPMC’s actions in the early days of the foreclosure crisis and its unwillingness to help homeowners, whose homes were in foreclosure, modify their mortgages, an unwillingness described here and in countless other publications.

Click to read more ...

Thursday
Feb102011

Lawmakers Oppose Federal Bailout for States

The new Republican-led House is showing no appetite for making federal taxpayers help state and local governments cope with widespread budget problems. Even some Democrats are wary, underscoring the impact of Washington's crushing budget deficits.

Click to read more ...

Thursday
Feb102011

Asian Bank Warns of Mass Climate Change Migrations

Asian Bank Warns of Mass Climate Change Migrations

Click to read more ...

Wednesday
Feb092011

JP Morgan Making a Fortune Off of American Poverty

Earnings and bonus reports are rolling in and the big, bailed-out banks are back in the black. In 2010, total compensation and benefits at publicly traded Wall Street banks and securities firms hit a record of $135 billion -- up almost six percent from 2009 according to the Wall Street Journal. JPMorgan Chase CEO Jamie Dimon may take home the biggest bonus check, an eye-popping $17 million.

Click to read more ...