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Category Archives: Corruption & Finance
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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Joe Bageant : We’ve Let Corporations and Media Rob Our Souls–It’s Time to do something Meaningful
[One of the best books that explains why poor people go against their own interests by voting for Trump and Republicans in general is Joe’s highly entertaining “Deer Hunting with Jesus: Dispatches from America’s Class War“. Alice Friedemann www.energyskeptic.com author … Continue reading
Posted in Corruption & Finance
Tagged joe bageant
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Stock Market Bubbles and Rallies
I have a theory that the rich milk the middle class like cows by deliberately driving up the prices of stocks and skimming the cream off by selling before the market goes down, as described in Matt Taibbi’s The Great … Continue reading
Goldman Sachs has manipulated markets since the Great Depression and still is
The Great American Bubble Machine From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression — and they’re about to do it again 9 July 2009 Matt Taibbi The first … Continue reading
Pensions of millions of Americans Threatened
Thought Secure, Pooled Pensions Teeter and Fall 12 April 2014 Mary Williams Walsh New York Times The pensions of millions of Americans are being threatened because of trouble in a part of the retirement world long considered so safe that … Continue reading
Posted in 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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Debt relief scams
Aug 20 2013 CFPB Files Suit Against Morgan Drexen for Charging Illegal Fees and Deceiving Consumers Company Made Misleading Claims about its Debt-Relief Services to Consumers May 30 2013 CFPB Takes Action to Stop Florida Company From Engaging in Illegal … Continue reading
Posted in Debt
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Mortgage Scams: Kickbacks, Modification, etc
Nov 7 2013 CFPB Takes Action Against Castle & Cooke For Steering Consumers Into Costlier Mortgages. Company to Pay $9 Million in Restitution and $4 Million in Civil Penalties Oct 24 2013 CFPB Files Suit Against Borders & Borders, PLC … Continue reading
Posted in Mortgages
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Discriminatory Mortgages $35 million fines
Dec 23 2013 CFPB and DOJ Take Action Against National City Bank for Discriminatory Mortgage Pricing Harmed African-American and Hispanic Borrowers Will Receive $35 Million in Restitution WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) and the Department … Continue reading
Posted in Mortgages
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Auto Loan Scams
Dec 20 2013 CFPB and DOJ Order Ally to Pay $80 Million to Consumers Harmed by Discriminatory Auto Loan Pricing Ally to Pay Additional $18 Million in Civil Penalties for Harming More Than 235,000 Minority Borrowers Jun 27 2013 … Continue reading
Posted in Debt
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