Tag Archives: banks

Bill Moyers Program on the Bank Follies and Jamie Dimon

The Rude Awakening that Bankers are Acting Like the Mafia Bill Moyers interviewed Matt Taibbi, contributing editor of “Rolling Stone” and Yves Smith, creator of the finance and economics blog, Naked Capitalism, about what is really going on with big banks … Continue reading

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Why was Elizabeth Warren treated like a “pinata” in Congress?

Elizabeth Warren Goes before House on Subcommittee Institutions and Consumer Credit Joe Nocera’s article in the NYT, “An Advocate Who Scares Republicans” regarding the recent appearance of Elizabeth Warren, President Obama’s advisor on the Consumer Financial Protection Bureau, at a … Continue reading

Posted in Banks, congress, Economy, Elections, Frank Luntz, Karl Rove, News, Politics, President Barack Obama, Republicans, Talking Points Alert, Uncategorized, Wall Street, Wall Street Wizards | Tagged , , , , , , , , , , , , , , , , | 2 Comments

Eye-popping revelations that Federal Reserve bailed out Wall Street with Multi-Trillion Dollars

How is it possible that the Federal Reserve Board could loan Trillions upon Trillions of dollars to banks and corporations at near 0% interest without requiring those institutions to treat their own clients seeking loans or credit fairly? On December 1, 2010 the Federal Reserve Bank was required to reveal transactions data regarding their secret loan deals that appear to be between 3.3 Trillion and 9 Trillion Dollars or possibly more. Continue reading

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Will Banks Start Lending Again and Reduce Credit Card Rates?

Banks were given money to help them stay afloat. Why are they jacking up credit card interest rates and hoarding money that could help average Americans and improve the U.S. economy? What are real solutions that will create a more stable healthy economic system in the U.S.? Continue reading

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