The White House seeks to exclude banking from the "financial services" category—a move that would allow thousands of large banks to take advantage of the controversial tax cut for pass-through income included in Trump's tax bill.
Loosening banking regulations on risky trading would expose the most vulnerable workers in the U.S. economy to hazards that are all too familiar.
Interest in public banking has been growing in the wake of the financial crisis. A Public Bank is owned by the people and is mandated to serve a public mission that reflects the values and needs of the public that it represents. Come learn all about public banking at this...
Somalis, like many of the world’s people, are significant only when they are considered a threat. And if US policies make that threat more likely, well, that will be another administration’s problem. Until then, they count for nothing.
Justice Department honchos proudly held a press conference announcing their "punishment" of Citigroup. Missing entirely from this public display, however, was the aforementioned Citigroup CEO or any of the bank's executives who participated in the fraud
The banking industry is exploitative and socially useless, but payday lenders may be in a class all their own.
Jim Hightower OtherWords http://otherwords.org/geithner-gets-perch-wall-street/ Timmy Geithner has landed. After President Barack Obama’s first-term Treasury Secretary resigned early this year, I lost track of him. But in November, Geithner reappeared, having spun himself through Washington’s revolving door – whoosh, whoosh, whoosh – and flung himself all the way up to Wall...
Chris Hedges TruthDig.com http://www.truthdig.com/report/item/overthrow_the_speculators_20131229 Money, as Karl Marx lamented, plays the largest part in determining the course of history. Once speculators are able to concentrate wealth into their hands they have, throughout history, emasculated government, turned the press into lap dogs and courtiers, corrupted the courts and hollowed out public...