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Armey of ignorance - Paul Krugman Blog - NYTimes.com
Krugman points out that the Community Reinvestment Act, which supposedly required bankers to make unjustified loans to Those People, had almost no causal role in the economic crisis.
Volcker Has Obama’s Ear, but Not on Overhaul of Banks - NYTimes.com
Former Federal Reserve Chairman Paul Volcker advocates breaking up banks that are "too big to fail" by separating their banking operations from their gambling operations. But so far, the Obama administration (chock full of the same Wall Street insiders who infested the Bush-Cheney regime) resists the idea.
Hurry Up and Credit My Checking Account - NYTimes.com
Ron Lieber discusses why banks instantly charge for overdrafts but take their own sweet time crediting deposits.
Goldman Sachs May Report Strong Profit - NYTimes.com
Goldman Sachs, which has had "its guys" in the government for at least the last two administrations, is making money hand over fist, by fair means or foul. What a shock.
We’re Dull, Small Banks Say, and Have Profit to Show for It - NYTimes.com
Small community banks kept on doing what banks are supposed to do. As a result, they reaped neither the unjustified profits nor the bankruptcy of "smart" players like Citi and Bank of America. Of course, like all the rest of us, they're on the hook for the financial damage caused by the big Banksters, who (like the members of the Bush gang) are walking away unpunished with their ill-gotten loot. So maybe the crooks really *were* the smart ones, after all.
Paul Krugman - Money for Nothing - NYTimes.com
Discusses the fact that banking salaries and compensation are returning to the unconscionable levels of 2007, just before the banksters wrecked the U.S. and world economies. Refutes the claim that such compensation is justified because the banksters are "so productive."
Banks Show Clout on Legislation to Help Consumers - NYTimes.com
Banks try to stop or cripple proposed legislation that would help working people adjust their mortgage payments and would outlaw some bank abuses of their credit card customers.
Dealbook - Bank Profits Appear Out of Thin Air - NYTimes.com
Asks why banks keep trying to trick the public and the market with deceptive accounting when, under current conditions, they could make money with sound business practices and straight talk.
Crisis Reshaping Wall St. as Stars Begin to Scatter - NYTimes.com
If their "top talent" is to run the economy into a ditch, then all I can say is "Don't let the door hit you on your way out."
Paul Krugman - Making Banking Boring - NYTimes.com
Krugman argues that we need to "make banking boring again" by reining in its dangerous practices and wildly out-of-control salaries.
Obama’s Ersatz Capitalism - NYTimes.com
Nobel laureate economist Joseph Stiglitz criticize the Obama bank bailout as a "win-win-lose" plan: banks win, investors win, and taxpayers lose.
Banking on the Brink
Paul Krugman (quoting Alan Greenspan in support) lays out a strong case for temporary nationalization of insolvent big banks, and wonders why the Obama administration is dithering around with half-measures that give profits to bank owners and losses to ta
Editorial - Bank Bailout, Redux - NYTimes.com
Transferring billions of dollars of working people's money into the hands of the banksters and their cronies.
American Express Watched Where You Shopped - NYTimes.com
Banks and financial services companies do whatever they want, as always.
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