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+38 +1
Capitalism in One Family
The vote for Donald Trump may well have been what Michael Moore called the ‘biggest fuck-you ever recorded in human history’, delivered by the white working class to spite ‘the establishment’. But it isn’t just the size of the fuck-you that matters; it’s also who delivers it… By Jan-Werner Müller.
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+12 +1
Giving Thanks: Hedge-Fund Managers Are Still Super Rich Edition
Happy Thanksgiving, you bastards. By Bess Levin.
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+7 +1
How Elizabeth Warren Took Down the CEO of Wells Fargo, And Why It Matters
“Brushing aside the excuse that fake accounts were perpetrated by a few (thousand) bad eggs within the company, Warren asked why no senior leaders at Wells Fargo, including Stumpf, had been punished or returned their personal earnings in light of the scam.” By Sibjeet Mahapatra.
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+39 +1
How Big Banks Are Putting Rain Forests in Peril
Global lenders, sometimes flouting their own policies, have financed projects in Indonesia and elsewhere that destroy ecosystems and contribute to climate change. By Hiroko Tabuchi.
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+4 +1
The Vampire Squid Occupies Trump's White House
After running against Goldman as a candidate, Donald Trump licks the boots of the world's largest investment bank. By Matt Taibbi.
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+13 +1
2009: The year the Democratic Party died
Want to know why Hillary Clinton ultimately lost to Donald Trump? Look to President Obama’s first term. By Ryan Cooper. (Nov. 15, 2016)
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+26 +1
In American Towns, Private Profits From Public Works
Desperate towns have turned to private equity firms to manage their waterworks. The deals bring much-needed upgrades, but can carry hefty price tags. By Danielle Ivory, Ben Protess and Griff Palmer.
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+8 +1
Trump’s Treasury Pick Excelled at Kicking Elderly People Out of Their Homes
When Steven Mnuchin ran OneWest, the bank aggressively and in some cases, wrongly, foreclosed on elderly homeowners with reverse mortgages. The bank had a disproportionate share of such foreclosures. By Paul Kiel and Jesse Eisinger.
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+24 +1
Treasury Nominee Steve Mnuchin’s Bank Accused of “Widespread Misconduct” in Leaked Memo
OneWest Bank repeatedly broke California’s foreclosure laws, according to a previously undisclosed 2013 memo from top state prosecutors. By David Dayen.
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+4 +1
Top Trump Candidate: Plutocracy Is “Just What America Needs”
Larry Kudlow argues you can trust Trump’s billionaire advisers because “wealthy folks have no need to steal.” By Bess Levin.
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+5 +1
Donald Trump Nominates Wall Street Lawyer to Head S.E.C.
The Wall Street lawyer Walter J. Clayton does not travel in political circles, nor is he well known in corporate America. He is the insider’s insider — a deal maker. By Leslie Picker.
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+17 +1
Trump Pick Jay Clayton Will Be Most Conflicted SEC Chair Ever
America’s incoming top cop on finance is literally married to industry. By Matt Taibbi.
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+3 +1
Bank execs sell nearly $100 million in stocks, analyst says follow their lead
Wall Street banking executives are benefiting from the financial sector's 16 percent rally following the presidential election but some strategists say the group has hit its peak. Charles Bobrinsky, vice chairman and head of investment group at Ariel Investments said he's become bearish on bank stocks and is selling his shares for the first time in six years. "It always makes you feel good when the executives are doing what you have been doing yourself," Bobrinskoy said on CNBC's "Closing Bell" Tuesday.
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+13 +1
For Wall Streeters Who Bet Long on Trump, It’s BonusTime
After getting behind their very unlikely candidate, a few financiers are salivating over the dividends. By Jessica Pressler.
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+31 +1
Federal Reserve Bankers Mocked Unemployed Americans Behind Closed Doors
Newly released transcripts show bankers blaming unemployment on the unemployed, rather than, say, bankers. By Matt Stoller.
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+9 +1
The Goldman Sachs Effect: How a Bank Conquered Washington
Irony isn’t a concept with which President Donald J. Trump is familiar… By Nomi Prins.
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+9 +1
3 More Scandals That Will Have You Saying, 'WTF Wells Fargo'
It’s not just about phony accounts any more. By Jeff Bukhari.
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+15 +1
Trump administration is radicalizing Democratic voters, creating a challenge for the party, Rep. Adam Schiff says
“How do we contradict a president making representations about what the intelligence community has to say when the information is classified?” By Sarah D. Wire.
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+12 +1
Trump and Warren Are on a Collision Course
Why is a so-called populist trying to dismantle America’s most effective consumer watchdog? By Alexander Zaitchik.
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+8 +1
David Rockefeller, Philanthropist and Head of Chase Manhattan, Dies at 101
Mr. Rockefeller was influential in foreign affairs, helped resolve New York’s fiscal crisis in the 1970s and was chairman of the Museum of Modern Art for many years. By Jonathan Kandell.
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