1. Blueneck

    FDIC approves Volcker revamp

    Why do we trust that banks aren't going to go broke and take the whole economy with it again? Tells you all you need to know right there. But if anyone's interested, here's the link:
  2. L

    Sick of Shady Banks? Get a Loan from the Post Office!

    MAY 18, 2018 by BRIAN WAKAMO Millions of Americans live in “banking deserts,” without adequate access to brick and mortar banks and the services they provide. Rural and poor communities, where local banks left town thanks to the recession or the big banks buying them out, are especially...
  3. HayJenn

    Four largest U.S. banks cashed in $2.3 billion

    Due to the new tax law The details: The increased earnings for JPMorgan Chase, Wells Fargo, Citigroup and Bank of America came from the corporate tax rate that dropped from 35% to 21%. Per the WSJ, if the law wasn't enacted, Wells Fargo’s earnings would have declined in 2017 and the...
  4. DemoWhip

    Did you know Trump made it easier for banks to get away with screwing the poor and mi

    Did you know Trump made it easier for banks to get away with screwing the poor and minorities? By Ian Reifowitz ==================================================== That is just one more of the many reasons to not support Trump since he...
  5. Blueneck

    I'm not sure how I feel about this...

    I wonder if this has a downside. China to ease ownership limits on foreign joint ventures in finance sector
  6. T

    Trump Said China Told Banks to Stop Dealing With North Korea. China Says That's Not T

    Shocker! The president makes a claim, and other parties involved come out and say that is not true. Indeed, along the lines of the Boy Scouts calling him to tell him how awesome his speech was, or how he saw thousands of Muslims dancing in the streets of New Jersey, Trump once again appears...
  7. bajisima

    China tells banks to stop doing business with North Korea

    This could change everything... The People's Bank of China told banks in the country to "strictly implement the United Nations sanctions against North Korea," four sources told Reuters. Reuters added that banks were "told to stop providing financial services to North Korean customers and...
  8. bajisima

    Pres Trump: I am actively considering breaking up the big banks

    President Donald Trump is considering breaking up the nation's biggest banks, a vow he had made during the presidential campaign then seemed to put on the back burner. In an interview Monday with Bloomberg News, Trump said he is "looking at that right now." Major averages slipped as the...
  9. bajisima

    Top WH advisor supports move to break up big banks

    White House economic adviser Gary Cohn told lawmakers this week that he supports a potential breakup of the country's big banks, a step that would force a sweeping restructuring of the way Wall Street works. The issue emerged in a meeting between Cohn, the head of the powerful National...
  10. GordonGecko

    Discovered Trump Did Business With Iranian Banks Linked to Terrorism-

    DISCOVERED: Trump Has Done Business With Iranian Banks Linked to Terrorism | RedState So, put down one more Trump/Rightwing meme. The "Hillary/Obama sold out to the Iranians" line. Bank Melli was linked to the Iranian government years before Trump inherited the lease by the Treasury...
  11. L

    The truth is out: money is just an IOU, and the banks are rolling in it

    David Graeber The Bank of England's dose of honesty throws the theoretical basis for austerity out the window Tuesday 18 March 2014 06.47 EDT Back in the 1930s, Henry Ford is supposed to have remarked that it was a good thing that most Americans didn't know how banking really works...
  12. bajisima

    Kaine calls to deregulate banks

    This was written 2 days ago. Will it be problematic? "Kaine signed two letters on Monday urging federal regulators to go easy on banks ― one to help big banks dodge risk management rules, and another to help small banks avoid consumer protection standards. Kaine, is setting himself up as a...
  13. BDBoop

    Obama rebukes Sanders on breaking up big banks

    Obama rebukes Sanders on breaking up big banks | TheHill And at the bottom of the article, you can see Obama owning his mistakes. Somebody mark the date.
  14. bajisima

    Big banks misjudged the risks of energy financing

    Will they need to be bailed out again? "At its annual investor conference in San Francisco in May 2014, with oil trading at $102 a barrel, Wells Fargo & Co. boasted that in just two years it had almost doubled its energy exposure and seized the title of Wall Street’s top oil and gas banker...
  15. Minotaur

    Articles Note the Banks did not complete the 2 Big 2 Fail Plan

    It is an oddity of primaries that the writers question if this helps Bernie but only in this sense... Obama's addition of the Volker plan into Dodd-Frank is what is at play. It is Obama's plan that is succeeding. The large banks have worked at a plan for the last 4 years. The feds gave 5 of...
  16. TennesseeRain

    Rapper Azealia Banks: Sarah Palin Should Be Gang-Raped by Black Men

    Rapper Azealia Banks went on a Twitter rant against former Republican vice presidential candidate Sarah Palin on Twitter Sunday, saying Palin should be forced to undergo a series of crude and humiliating sex acts with black men. Banks eventually deleted the tweets, but the Media Research Center...
  17. meridian5455

    Obama administration pushes banks to make home loans to people with weaker credit

    The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place...
  18. L

    What Would Breaking Up the Banks Even Look Like?

    When regulators from around the world—including the U.S. and the E.U.—determined in 2008 that the banking system was terribly under-regulated, they all suggested a similar fix: Separate the departments involved in investment banking from those that deal with more run-of-the-mill insured...
  19. bajisima

    How 37 banks became 4

    Wow, check out the chart at the link.. “These days, the ‘too big to fail’ banks have less competition than ever, they get their raw material — cash from depositors — nearly free, and they have never had more ways to make vast amounts of money.” With these sobering facts on the table, banking...
  20. jacobfitcher

    Bernie Sanders Has Ties To Big Banks?

    Sanders Admits Receiving Free Checking from Big Banks MANCHESTER, NEW HAMPSHIRE (The Borowitz Report)—Scandal rocked Bernie Sanders’s Presidential campaign on Friday as the candidate was forced to admit that he received free checking from several big banks. In a press conference in...