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Category Archives: Banking
Ellen Brown’s Web of Debt blog
Brown’s Web of Debt blog and books are well researched and worthwhile reading, but she isn’t aware of the energy and resource crises, so her work isn’t fully informed. But still, you can see that even without those larger issues, … Continue reading
Posted in Banking, Inflation or Deflation
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Bill Moyers & Bill Black on Ponzi schemes, Fraud, & Liar’s loans
Bill Moyers talks to Bill Black about the fraud that pervades the financial industry and the Obama government April 3, 2009 pbs.org William Kurt Blackis an American lawyer, academic, author, and a former bank regulator. His expertise is white-collar crime, … Continue reading
Posted in Banking, Mortgages, Ponzi Schemes
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The most greedy, fraudulent banks continue to loot
Too Big to Fail banks continue to behave like they did before 2008 and are making the most money because they’re perceived as safer. The Looting of America’s Coffers March 10, 2009 David Leonhardt. New York Times Sixteen years ago, … Continue reading
Posted in Banking
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Payday Loans
Mar 25 2014 CFPB Finds Four Out Of Five Payday Loans Are Rolled Over Or Renewed Research Shows the Majority of Payday Loans Are Made to Borrowers Caught in a Revolving Door of Debt WASHINGTON, D.C. — Today, the Consumer … Continue reading
Posted in Banking
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Credit Card Fraud
Banks fined $1.66 Billion for illegal credit card practices that ripped off over 10 million customers Bank of America will refund up to 2.9 million customers $727 million plus pay $45 million in fines for illegal credit card practices such … Continue reading
Posted in Banking
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FDIC Sues 16 Banks for Fraud by Manipulating Global Interest Rate
FDIC sues 16 Banks for rigging the Libor Rate March 2014. New York Times. The Federal Deposit Insurance Corporation (FDIC) sued 16 banks for fraud because they conspired to set a crucial global interest rate low to enrich themselves. … Continue reading
Posted in Banking
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Rot in the Banking culture
Questions are asked of Rot in Banking Culture Peter Eavis. March 13, 2014. New York Times. Money laundering, market rigging, tax dodging, selling faulty financial products, trampling homeowner rights and rampant risk-taking — these are some of the sins that … Continue reading
Posted in Banking
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