July 25, 2011
Surprise, surprise: If corporations and the rich paid the same tax rate that they paid in 1960, the "debt crisis" would disappear.
More SHAME in Wisconsin -- After disenfranchising tens of thousands with new voter ID legislation, Governor Scott Walker moves to close 10 Wisconsin DMVs in Democratic areas and expand DMV operations in Republican strongholds.
71% of Americans polled disapprove of GOPin debt cieling negotiations according to a new survey conducted by CBS. The President has a dissaproval rating of 48% to 43% approval rating as the deadline for US default looms.
July 22, 2011
Consumer Financial Protection Bureau launches! -- The long anticipated agency will serve as a watchdog for consumer protection against big business.
Americans strongly support the CFPB -- 77% of Americans want tougher rules for Wall Street, according to a poll conducted by the Center for Responsible Lending.
Meet Holly Petraus -- The wife of a certain well-known General is now the head of the Office of Servicemembers Affairs at the Consumer Financial Protection Bureau. She'll be making sure our soldiers aren't ripped off by shady loans and other profit-predators.
Bank executives indicted -- Federal government charges stem from banksters helping rich Americans evade taxes by hiding movey overseas.
July 21, 2011
Wells Fargo fined for illegally pushed borrowers into subprime mortgages -- Wells Fargo was fined $85 million by the Fed. Perhaps more than 10,000 Wells Fargo borrowers were inappropriately steered into more expensive subprime mortgages or had their loan documents falsified by bank personnel, the federal reserve said on Thursday.
Cha-Ching! Bank of America welcomes former SEC regulator to payroll with $4 million bonus, just for walking through the door.
July 19, 2011
Mortgage companies still using same illegal tactics that caused financial meltdown -- Mortgage employees using fake signatures to avoid accountability on bad loans.
Goldman Sachs has a "disappointing" quarter -- Makes twice the profit it made in this quarter last year. Goldman CEO Lloyd Blankfein has temper tantrum on the Goldman Sachs playground; Congress to dry tears.
Rupert Murdoch, meet humble pie: picture of Murdoch getting hit in the face with a pie during Parliamentary hearings.
Three things that credit unions do better than banks -- Move Your Money!
July 18, 2011
Elizabeth Warren considers running for MA Senate Seat -- in the wake of former Ohio attorney general Richard Cordray's nomination as head of the Consumer Financial Protection Bureau, likilihood increases that Elizabeth Warren will challenge Scott Brown for the Senate seat formerly held by Ted Kennedy.
Paul Krugman speaks truth to power -- "When officials tell you that we must rush to settle with the banks for the sake of the economy, don’t believe them."
Could banks start foreclosing on Americans on Facebook? -- Courts have already approved Facebook foreclosures in Australia and Europe and struggling US homeowners could be next.
The Big Banks billion dollar plan to sell your shopping habits -- Big Banks have a billion dollar plan to compete with social media networks like Facebook and Groupon by selling your shopping habits to the highest bidder.