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Business

Taxpayers To Help Pay JPMorgan's Fine For Causing 2008 Financial Crisis
Business  (tags: too big to fail, Wall Street, AIG, financial crisis, banksters, Fraudclosure, Housing crisis, foreclosure, JPMorgan, 2008 financial crisis )

Judy
- 279 days ago - news.firedoglake.com
Feeling generous? You should, because you are about to help pay for JPMorgan's $13 billion fine for causing the 2008 financial crisis.
Elizabeth Warren's New Fight: Why Even the Tea Party Backs It!
Business  (tags: Banks, Elizabeth Warren, Too Big to Fail, Glass-Steagall, Wall Street, Editor's Picks, JPMorgan Chase, Financial Crisis, Sherrod Brown, David Vitter, John McCain, Business News, Politics News )

Judy
- 377 days ago - salon.com
Banks that try to take private losses and pin them on taxpayers may have a new problem. Here's what you should know.
No, Making Banks Hold More Capital Is Not Going To Wreck Lending Or The Economy
Business  (tags: Financial Reform, Financial Crisis, Banks, Financial Regulation, Economy, Bank Capital Lending, Bank Capital Rules, Banks Capital Lending, Increased Capital Requirements, Mark Gongloff )

Judy
- 384 days ago - huffingtonpost.com
Uh-oh, everybody: Bankers are warning that the U.S. economy could be in deep trouble. Not because bankers wrecked it again, like that last time, but because we are being mean to bankers.
S&P Expects U.S. Lawsuit Over Pre-Crisis Credit Ratings
Business  (tags: Standard& Poor's, lawsuit, financial crisis, DOJ, ratings, stockmarket )

Angelika
- 540 days ago - reuters.com
Standard & Poor's said it expects to be the target of a U.S. Department of Justice civil lawsuit over its mortgage bond ratings, the 1st federal enforcement action against a credit rating agency over alleged illegal behavior tied to the recent financial
Why No Financial Crisis Prosecutions? Ex-Justice Official Says It's Just Too Hard
Business  (tags: ProPublica, financial crimes, financial crisis, no prosecutions, major players, top executives, FBI, Justice Department, SEC, civil cases. token fines, no prison time, David Cordona, Sarbanes Oxley )

Judy
- 966 days ago - propublica.org
It's an issue we and others have noted again and again: Years after the financial crisis, there have still been no prosecutions of top executives at the major players in the financial crisis.
Tax Havens: Bigger Than You Think, Closer to Home Than You Imagine
Business  (tags: tax havens, Nicholas Shaxson, book "Treasure Islands", huge corporations, corporate behavior, dismantling all regulation, world trade, "developent", crime, secrecy, U.S. a tax haven, U S territories, Luxembourg, U K, politicians, financial crisis )

Judy
- 1215 days ago - thenation.com
There now exists an entire parallel network of business conducted by huge corporations that actually mirrors the behavior of international crime organizations. Over half the world trade is now routed through tax havens.
Bernie Madoff's Relationship With JPMorgan Should Shock No One
Business  (tags: Bernard Madoff, Bernie Madoff, Financial Crisis, JPMorgan Chase, Madoff Jpmorgan, Madoff Ponzi Scheme, Business News )

Judy
- 1271 days ago - huffingtonpost.com
Why might JPMorgan Chase have kept sending real money to Madoff even after it began to figure out that he wasn't running a real investment operation? Other people were sending in gobs of money, too, so there was money enough to pay off earlier players.
Nobel Prize Winner Joseph Stiglitz Calls for Jail Time for Corporate Crooks
Business  (tags: campaign fnance, campaign finance reform, corporate goveernance, Dodd-Frank Act, featured video, financial crisis, fraud, Joseph Stiglitz, Nobel prize, underwater mortgages )

Judy
- 1377 days ago - dailyfinance.com
Legal penalties for financial fraud in the U.S. have become "just a cost of doing business," Stiglitz said. "It's like a parking fine". You risk a ticket to avoid walking around the corner to the parking lot. The fine is tiny compared to the profits made
Wall Street Guiding America Toward Third World Status, and Instructing China As Well
Business  (tags: Agricultural Bank Of China IPO, Banks, China, Financial Crisis, Financial Reform, Goldman Sachs, JPMorgan Chase, Mergers And Acquisitions, New York Times, Third World America, Wall Street, Business News )

Judy
- 1428 days ago - huffingtonpost.com
The Wall Street casino continues at full tilt. Just last week the New York Times reported that the likes of JPMorgan Chase and Goldman Sachs are continuing to squander hundreds of millions on bets that bring the middle class closer to 3rd world status.
Bank Profits Soar, Lending Falls As Banks Pay Next To Nothing For Funds
Business  (tags: Bank Bailout, Bank Lending, Bank Profits, Banks, Fdic, Federal Deposit Insurance Corp, Financial Crisis, Sheila Bair, The Financial Fix, Zirp, Business News )

Judy
- 1428 days ago - huffingtonpost.com
Bank profits jumped 21% last quarter to nearly $22 bil, the highest level in 3 years, as banks put away less money to cover future losses, fewer borrowers fell behind on payments and lenders paid the least for their funds in perhaps 50 years...
Sen. Bernie Sanders: No to Oligarchy
Business  (tags: Bernie Sanders, Estate Tax, Financial Crisis, Recession, Wall Street, Business News )

Judy
- 1467 days ago - huffingtonpost.com
As the middle class disappears and poverty increases the wealthiest people in our country are not only doing extremely well, they are using their wealth and political power to protect and expand their very privileged status at the expense of everyone else
SEC Porn Probe: Staffers Watched Porn As Economy Crashed
Business  (tags: Charles Grassley, Financial Crisis, Goldman Sachs, Images, Inspector General, Internet, Movies, Pornography, Recession, Regulation, Sec, Securities And Exchange Commisison, Sex, Business News )

Judy
- 1559 days ago - huffingtonpost.com
Senior staffers at the Securities and Exchange Commission spent hours surfing pornographic websites on government-issued computers while they were being paid to police the financial system, an agency watchdog says.
Foreclosure Rates Surge: Banks Catch Up To Backlog, US On Pace To Hit 1 Million Repossessions In 2010
Business  (tags: Banks, California, Financial Crisis, Florida, Foreclosure Rate, Mortgages, Nevada, Obama, Predatory Lending, Real Estate, Realtytrac, Repossession, Subprime Mortages, Unemployment, Us Foreclosures, Wall Street, White House, Business News )

Judy
- 1567 days ago - huffingtonpost.com
A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.
Why Are 25 Hedge Fund Managers Worth 658,000 Teachers?
Business  (tags: Billionaires, Financial Crisis, Financial Reform, Hedge Fund Managers, Hedge Funds, Tax Cuts, Teachers, Unemployment, Business News )

Judy
- 1572 days ago - huffingtonpost.com
In 2009, the worst economic year for working people since the Great Depression, the top 25 hedge fund managers walked off with an average of $1 billion each. With the money those 25 people "earned," we could have hired 658,000 entry level teachers.
Top Fed Official Says Megabanks Need To Shrink Or Crises Will Keep Occurring
Business  (tags: Community Banks, Derivatives, Federal Reserve, Federal Reserve Bank Of Kansas City, Financial Crisis, Financial Reform, Kansas City Fed, Main Street, Megabanks, Regulatory Reform, Tbtf, Thomas Hoenig, Too Big To Fail, Volcker Rule, Wall Street )

Judy
- 1589 days ago - huffingtonpost.com
The U.S. financial system is tilted in favor of the biggest banks, compromising the "very foundation of the economic system" and putting the nation at risk of continued crises, a top Federal Reserve official said Wednesday.
 

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