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+25 +1
Shadow Banking Gets Bad Rap, So Treasury Wants to Erase the Term
Treasury argues big investment firms don’t operate in shadows. By Jesse Hamilton.
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+16 +1
The Devastation of Puerto Rico
Distressed Puerto Rico is being made to take a loan out to perform constitutionally mandated tasks of the government. By Vijay Prashad.
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+19 +1
The Great College Loan Swindle
How universities, banks and the government turned student debt into America's next financial black hole. By Matt Taibbi.
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+1 +1
The Disruptors
Finance isn’t just an industry. It’s a system of social control. By J. W. Mason.
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+2 +1
Democrats Are About To Give Payday Lenders A Big Boost
A bill from Sen. Mark Warner envisions a future when anyone could get a predatory loan at 380 percent interest. By Zach Carter.
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+23 +1
A Week After Virginia Election Sweep, Democrats Join Republicans for More Bank Deregulation
An Equifax-inspired reform somehow led to big giveaways for banks. There's a reason that bipartisanship is fetishized in Washington. By David Dayen.
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+22 +1
The Cause and Consequences of the Retail Apocalypse
Private equity firms overburdened businesses with debt, and now workers are paying the price. Will policymakers do anything about it? By David Dayen.
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+29 +1
“It’s a Ponzi Scheme”
Wall Street Fears Trump’s Deranged Tax Plan Means Economic Euthanasia. By William D. Cohan.
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+11 +1
Ba®a©k Obama: The First Bank President™
One of the very first meetings Obama had at the White House was with an array of banking executives where he hosted the thieves of Wall Street for a state dinner instead of locking them up in the gulags. By Teodrose Fikre.
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+21 +1
The Western Elite from a Chinese Perspective
Is there someone, sitting in a comfortable chair somewhere, flipping a coin from time to time, deciding what happens in the world? By Puzhong Yao.
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+2 +1
Wells Fargo sanctions are on ice under Trump official - sources
The new acting head of the U.S. consumer finance watchdog is reviewing whether Wells Fargo & Co should pay tens of millions of dollars over alleged mortgage lending abuse, according to three sources familiar with the dispute. By Patrick Rucker, Pete Schroeder.
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+31 +1
Latest Student Loan Debacle Is Ultimate Example of Trump’s Campaign Con
The president ran against debt predators, drug makers and big banks – once elected, he immediately got in bed with all of them. By Matt Taibbi.
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+1 +1
How Hedge Funds (Secretly) Get Their Way in Washington
Fake grass roots. An inflatable rat. Testimony with hidden ties. Billionaires are using DCI Group to make their bets pay off—while keeping the public in the dark. By Zachary Mider and Ben Elgin.
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+2 +1
Why Is Pay Lagging? Maybe Too Many Mergers in the Heartland
Consolidation is often seen as a consumer problem. But it may also reduce competition for workers, especially outside big cities, holding down wages. By Noam Scheiber, Ben Casselman.
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+13 +1
Trump’s National Defense Strategy Has the Pentagon Popping Champagne
Along with the entire the military-industrial complex. By Andrew J. Bacevich.
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+20 +1
Wall St. may have the green light for bitcoin
The technicals on bitcoin appear to be shifting slightly after a brutal January. “If you see the trend line over the first month, a 40% correction was baked in,” said one hedge fund analyst. “We’ll need to see if February provides a dead-cat bounce or a floor for the price,” he added.
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+12 +1
Wall Street braces as world sell-off runs to $4 trillion
European shares remained lower, while losses for MSCI’s widely tracked 47-country world index broke $4 trillion. “The choppiness this morning is trying to figure out where we should be. Some of what we saw yesterday suggests we are near at least a short-term low,” said Willie Delwiche, investment strategist at Robert W. Baird in Milwaukee.
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+18 +1
What's Behind One of the Biggest Financial Scams in History
The LIBOR scandal is one of the biggest financial scrams in history. In his new book, journalist David Enrich unravels what went down.
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+3 +1
Revenge of the Stadium Banks
Instead of taking on gun control, Democrats are teaming with Republicans for a stealth attack on Wall Street reform. A bill that began as a well-intentioned effort to satisfy community bank grievances has instead sparked fears that Washington is paving the way for the next financial meltdown. By David Dayen.
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+22 +1
Elizabeth Warren Refuses to Let Democrats Off the Hook for Their Latest Cave to Wall Street
"The fight over the Bank Lobbyist Act isn't over yet." By Jake Johnson.
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