The Tea Party regards Barack Obama as a kind of devil figure, but when it comes to hunting down the fraudsters responsible for the economic … Wall Street gets put on trialRead more
Financial crisis
Posted inEconomics / Financial crisis / ToMl
Recession ‘led to 10,000 suicides’
The economic crisis in Europe and North America led to more than 10,000 extra suicides, according to figures from UK researchers. A study, published in … Recession ‘led to 10,000 suicides’Read more
Posted inBank / Economics / Financial crisis / ToMl
The U.S. Announces the Indictment of Citigroup’s Senior Officers for Fraud
By William K. Black The third omission from Attorney General Eric Holder’s press conference announcing the settlement with Citigroup of civil charges was the words … The U.S. Announces the Indictment of Citigroup’s Senior Officers for FraudRead more
Posted inEconomics / Financial crisis / ToMl
The Wealth Doubled Since the 2008 Economic Crisis
The Wealth of the Super-Rich has Doubled Since the 2008 Economic Crisis The annual rich list published by the Sunday Times has revealed a staggering … The Wealth Doubled Since the 2008 Economic CrisisRead more
Posted inEconomics / Financial crisis / ToMl
Charles Keating and the Lessons of the Savings and Loan Crisis
Charles H. Keating Jr., one of the most notorious fraudsters in American history, died yesterday at the age of 90. Although his status as financial … Charles Keating and the Lessons of the Savings and Loan CrisisRead more
Posted inEconomics / Financial crisis / ToMl / USA Empire
Wells Fargo, what a quiet period
A new internal report says the Justice Department massively overstated its successes in targeting mortgage fraud while in fact ranking it as a low priority … Wells Fargo, what a quiet periodRead more
Posted inEconomics / Financial crisis / ToMl
The Man Behind the Vampire Squid
Matt Taibbi has an unmistakable voice in American journalism—assured, addictive, and usually pissed off. After launching his career working for expat papers in Moscow, Taibbi … The Man Behind the Vampire SquidRead more
Posted inEconomics / Financial crisis / ToMl
$13 billion fine
The banking giant JPMorgan is set to pay a record $13 billion fine to settle investigations into its mortgage-backed securities. Five years ago, the bank’s … $13 billion fineRead more
Posted inEconomics / Financial crisis / ToMl / USA Empire
Detroit bankrupted, Banks & Big Auto got bailed out
Facing an estimated $18 billion in debt, Detroit has become the largest U.S. municipality to file for bankruptcy. It is a grim milestone in the … Detroit bankrupted, Banks & Big Auto got bailed outRead more