by Richard Eskow | Apr 13, 2016 | Blog, Financial Reform
In April 2006, while Goldman was preparing an RMBS backed by Countrywide loans for securitization, a Goldman mortgage department manager circulated a “very bullish” equity research report that recommended the purchase of Countrywide stock. Goldman’s head of due...
by Dave Johnson | Apr 12, 2016 | Blog, Financial Reform
If you don't have a bank account – and millions of American's don't – how do you cash a check or pay a bill? Even if you do have a bank account, how do you get a small loan in an emergency? One survey showed that as many as 63 percent of Americans would be strapped to...
by Burning Issues Video | Apr 12, 2016 | Burning Issues, Financial Reform
[fve]https://youtu.be/k-2qPJ0Rytg[/fve] An estimated $1 trillion dollars annually is siphoned out of developing countries into hidden offshore bank accounts in tax havens around the world, says Tom Cardamone, managing director of Global Financial Integrity, in this...
by Terrance Heath | Apr 7, 2016 | Blog, Financial Reform
The Consumer Financial Protection Bureau is the only federal agency out to protect the financial interests American consumers. Naturally, big banks and moneyed interests want to shut it down. A new campaign says, “Not without a fight.” If any good came out of the...
by Isaiah J. Poole | Apr 4, 2016 | Financial Reform, Tax Reform
The Panama Papers disclosures this weekend are giving the world a wider window into a world that is not new to the people who have been fighting against the schemes wealthy people and corporations use to shelter their money from taxes. These papers were leaked from...
by Richard Eskow | Mar 29, 2016 | Blog, Financial Reform
“I've said if the big banks don't play by the rules, I will break them up.” Hillary Clinton Our nation’s largest and most powerful banks have repeatedly engaged in widespread fraud, causing both individual suffering and a recession that millions of Americans are still...
