JPMorgan Pays Billions To Settle With Ambac, Lehman Brothers
JPMorgan is almost finished paying off the rich people it screwed in the run-up to the 2008 financial crisis. As for the poor? Well, not so much.
Is Goldman Sachs Involved In A Corruption Scandal In Malaysia?
Goldman Sachs’ Southeast Asia chairman has taken a leave of absence as his branch is embroiled in a corruption scandal at 1Malaysia Development Berhad.
Citigroup, Davos Worry About Popular Backlash To Neoliberal Order
From January 20-23, the global elite met in Davos, Switzerland for the annual World Economic Forum. The themes this year were the dangers of inequality and terrorism to the current world order, an order those present have benefited the most from and have charged themselves with maintaining. The founder and
Supreme Court Could Cripple Unions, Increase Inequality
A case currently before the Supreme Court could become another debilitating blow to what remains of the US labor movement.
Report: Richest 62 People As Wealthy As Half Of World
According to Oxfam’s report, the 62 richest billionaires in the world own as much wealth as the poorer half of the planet’s population — 3.6 billion people
Hillary Clinton’s Wall Street Ties Take Center Stage In Debate
While the candidates touched on topics ranging from dealing with Iran, healthcare, and gun control, money and politics was a major focus of the debate.
Goldman Sachs To Pay $5.1 Billion For Causing 2008 Financial Crisis
The Too Big To Fail & Jail bank to pay a $2.385 billion civil monetary penalty, make $875 million in cash payments, provide $1.8 billion in consumer relief.
Marco Rubio Connected To Federal Investigation For Tax Evasion
Senator Marco Rubio’s association with former Congressman David Rivera continues to be a problem for the senator.
SEC Warns Rating Agencies Still Breaking The Rules
Just as in “The Big Short,” the SEC warned that national ratings organizations are still rating junk as gold in order to keep the business of big banks.
Millennials Increasingly Using Payday Lenders And Pawnshops
In the past five years, 40% of millennials used a payday loan, pawnshop, tax refund advance or other alternative financial product.