Showing posts with label Bank Bailout. Show all posts
Showing posts with label Bank Bailout. Show all posts

Tuesday, February 26, 2013

Senator Warren: Why Isn’t Wall Street Paying Back Taxpayers For Being ‘Too Big To Fail’?

Senator Warren: Why Isn’t Wall Street Paying Back Taxpayers For Being ‘Too Big To Fail’?: During a Senate Banking committee hearing today, Sen. Elizabeth Warren (D-MA) grilled Federal Reserve Chairman Ben Bernanke on whether Wall Street banks should have to pay back U.S. taxpayers for the implicit funding advantage those banks receive by virtue of being viewed as “too big to fail.” According to a Bloomberg News study, big banks [...]/p

Monday, February 25, 2013

Bank Profits Are 'Almost Entirely' Taxpayer Money

Bank Profits Are 'Almost Entirely' Taxpayer Money
"I'm not surprised to learn that Wall Street and their wealthy investors are "too big" to earn their own profits, too. I just had no idea we were being fleeced on such a grand scale.
Full Bloomberg editorial here."

Sunday, February 24, 2013

Crying Crocodile Tears for Standard & Poor’s | Common Dreams

Crying Crocodile Tears for Standard & Poor’s | Common Dreams
"S&P earlier this month was named in a Justice Department suit for its role during the financial crisis of 2008-09. The feds say the credit ratings company caused some banks and credit unions to lose $5 billion after they relied on its ratings of mortgage-linked securities. S&P gave those securities top ratings when, in fact, they were so risky that when they melted down a few months later they brought the country’s economy to its knees and lost billions for both institutional and individual investors who had trusted the firm’s ratings."

Friday, February 15, 2013

Thursday, February 14, 2013

Sen. Warren Questions Bank Regulators About Whether Wall Street Is ‘Too Big For Trial’

Sen. Warren Questions Bank Regulators About Whether Wall Street Is ‘Too Big For Trial’: Massachusetts Sen. Elizabeth Warren (D) used her debut on the Senate Banking Committee to question financial regulators about the lack of accountability for Wall Street banks’ role in the financial crisis, challenging them to name the last time a Wall Street bank was taken to trial over allegations of fraud and other crimes instead of [...]/p

Gangster Bankers: Too Big to Jail | Common Dreams

Gangster Bankers: Too Big to Jail | Common Dreams
"People may have outrage fatigue about Wall Street, and more stories about billionaire greedheads getting away with more stealing often cease to amaze. But the HSBC case went miles beyond the usual paper-pushing, keypad-punching­ sort-of crime, committed by geeks in ties, normally associated­ with Wall Street. In this case, the bank literally got away with murder – well, aiding and abetting it, anyway."