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+21 +1
Why the Banks Should Be Broken Up
Bernie or no Bernie, 'Times' columnist Paul Krugman is wrong about the banks. By Matt Taibbi.
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+36 +1
U.S. regulators fail 'living wills' at 5 of 8 big banks
U.S. regulators failed five big banks on Wednesday, including JP Morgan and Wells Fargo, on their plans for a bankruptcy that would not rely on taxpayer money, giving them until Oct. 1 to make amends or risk sanctions. The move officially starts a long regulatory chain that could end with breaking up the banks.
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+22 +1
Why You Should Care About Big Banks Cutting Deals with the Feds to Avoid Prosecution
Wall Street deviants play by their own set of rules. By Allie Conti.
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+3 +1
Democratic Debate: Clinton Dangerously Trumpets Obama’s Record
Hillary Clinton Tells Senator Bernie Sanders That There's No Evidence She Can Be Swayed by Wall Street Money During cnn Debate. By Pam Martens and Russ Martens.
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+37 +1
Why Garbagemen Should Earn More Than Bankers
Thick fog envelops City Hall Park at daybreak on February 2, 1968. Seven thousand New York City sanitation workers stand crowded together, their mood rebellious. Union spokesman John DeLury addresses the multitude from the roof of a truck. When he announces that the mayor has refused further concessions, the crowd’s anger threatens to boil over. As the first rotten eggs sail overhead, DeLury realizes the time for compromise is over. It’s time to take the illegal route...
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+3 +1
What Good Are Hedge Funds?
Hedge funds make big returns by manipulating markets in ways that are illegal for small investors. Remind us: Why are they permitted? By David Dayen (Apr. 25)
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+2 +1
Anything Trumps Hillary
It’s all over except the shouting. That is, the primary election season effectively ended last night and now the actual shouting match between Hillary and The Donald begins. By David Stockman. (Apr. 27)
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+30 +1
How Housing’s New Players Spiraled Into Banks’ Old Mistakes
Some private equity firms that came in as the cleanup crew for the housing crisis are now repeating errors that banks committed.
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+19 +1
How to rob a bank
William Black
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+34 +1
Just print money and give it to everyone. Please
“Like any banker, I remember my first bailout fondly. It was January 1995, and like the other bailouts during my twenty-year career it wasn’t called a bailout, but a market-stabilization package…” By Chris Arnade.
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+17 +1
Denmark Is Big Victim Of Wall Street Tax Avoidance Deals
The complex transactions add up to a meaningful loss of revenue from dividend taxes Danish taxpayers would otherwise get. By Cezary Podkul, Anne Skjerning and Tor Johannesson. (July 12, 2016)
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+4 +1
Tim Kaine, P̶̷o̶̷s̶̷s̶̷i̶̷b̶̷l̶̷e̶̷ Hillary Clinton Pick for Vice President, Goes to Bat for Banks
Virginia Sen. Tim Kaine, a leading candidate for the Democratic nominee for vice president, has signaled to the financial industry that he’ll go to bat for them. By David Dayem.
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+6 +1
Author Michael Lewis: Rigged Markets Show Signs of a Desperate Slumlord
Today the Securities and Exchange Commission is continuing its illusion of dealing with the rigged structure of the U.S. stock market by holding a meeting of its Equity Market Structure Advisory Committee, some of whose members have themselves been charged with rigging the market... By Pam Martens and Russ Martens.
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+20 +1
Hedge Fund Manager Profited From Death Arbitrage
It’s gross, but grossness by itself doesn’t violate securities laws. By Matt Levine. (Aug. 16, 2016)
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+3 +1
Michigan sets parole for ‘Linda Green’ robo-signer
Lorraine Brown is the only person to be criminally convicted over fraudulent foreclosures, despite widespread forgeries. By Brian J. O’Connor (Aug. 28, 2016)
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+31 +1
The Surreal Politics of a Billionaire’s Tax Loophole
Hillary Clinton has gone even further than Donald Trump in promising to kill a tax break that benefits some of the wealthiest people in finance. So why are private equity titans giving all their campaign money to Clinton? By Alec MacGillis.
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+21 +1
How Goldman Sachs Lost $1.2 Billion of Libya’s Money
When Wall Street's most aggressive bank took on the world's most incendiary client, someone was going to make a killing. By Matthew Campbell and Kit Chellel.
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+20 +1
Elizabeth Warren Asks Obama To Fire Top Wall Street Regulator For 'Brazen Conduct'
The progressive firebrand has long warred with SEC Chair Mary Jo White, a former corporate lawyer. By Alexander C. Kaufman, Zach Carter.
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+3 +1
Hillary: The “Good News” is That China is “Forcing Down Wages”
The general media has been treating the WikiLeaks disclosures of the Clinton campaign documents, particularly the transcripts of her lucrative talks with Goldman Sachs as much ado about nothing. I have not found any article about the disclosures, however, that reported on the extraordinary statements she made in her talk with Goldman Sachs on June 4, 2013... By William K. Black.
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+7 +1
Will A Hillary Clinton Presidency Lead To Another Wall Street Banking Crisis?
By Nomi Prins.
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