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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.
U.S. Plan to Stem Foreclosures Is Mired in Paper Avalanche - NYTimes.com
Banks and other financial institutions are "losing" paperwork from thousands of people who seek to have their mortgages adjusted under new law. There is an argument for taking the bastards out back and giving them last cigarettes with their blindfolds. Not that I would support such an action, of course.
Economists, Reading Same Data, Differ on Forecasts - NYTimes.com
Various Nobel laureate economists (including Stiglitz, Solow, and Krugman) grade the administration's handling of the economic crisis and express guarded optimism about the second half of 2009.
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.
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."
Trying to Live on 500K in New York City - NYTimes.com
Boo-hoo. It costs lots of money to hire a chauffeur/bodyguard, to have both a posh apartment and a $4 million summer home. Are we supposed to feel sorry for these pampered incompetents who wrecked the U.S. and world economies?
The Reckoning - Citigroup Saw No Red Flags Even as It Made Bolder Bets - Series - NYTimes.com
How everyone in the corporate and ruling-class food chain cashed in on the subprime lending bubble, and walked away with the money when they caused economic catastrophe for the world.
Op-Ed Columnist - All Fall Down - NYTimes.com
How everyone in the corporate food chain corruptly or foolishly cashed in on the subprime bubble and caused disaster.
F.D.I.C. Chief Points to Efforts to Aid Homeowners - NYTimes.com
More fakery from the Bush regime and its appointees, pretending to help homeowners fend off predatory banks.
Editorial - Only Half a Bailout - NYTimes.com
Argues that help for troubled mortgage-holders is needed to prevent even worse problems in the banking industry.
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BANKSTERS & GANGSTERS
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Created by: Malachi Smith
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