banks

Bank of America is raging hurricane of theft and fraud

Matt Taibbi of Rolling Stone magazine wrote a scathing piece for the OWS movement about widespread illegal practices committed by Bank of America, and how all of us, particularly the U.S. government, have been facilitators in B 0f A's larceny. Taibbi is a very...

City of Berkeley to pull $300M out of Wells Fargo

City of Berkeley recently announced plans to remove all financial assets from the city's current banker, Wells Fargo--a withdrawal of approximately $300 million. Hoping to send a strong message to the Big Banks many feel are responsible for the housing crisis, one...

Why does a car have brakes? ~ Bill Moyers interviews former Citigroup CEO John Reed

Bill Moyers interviewed former Citigroup chairman John Reed about the financial crisis. When asked about government regulation, he replied with this about cars and brakes (paraphrased): Reed: Why does a car have brakes? Moyers: To stop. Reed: NO! A car has brakes so...

City of Berkeley to pull $300M out of Wells Fargo

City of Berkeley recently announced plans to remove all financial assets from the city's current banker, Wells Fargo--a withdrawal of approximately $300 million. Hoping to send a strong message to the Big Banks many feel are responsible for the housing crisis, one...

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