banks
Remember that whole thing a few years ago, something about how the banks ruined the housing industry, your employment prospects, your children’s employment prospects, and the entire country, really, and in turn got billions of dollars from the taxpayers and continue to rake enormous bonuses and pretty much set the economic policy of the entire [...]
Let it never be said that Michael Bloomberg, the charitable billionaire currently serving in the 11th year of a midlife vanity project called “being mayor of New York City,” ignores his constituents in their time of need. Just yesterday, a lil’ start-up investment house in Manhattan called Goldman Sachs was all down on its luck [...]
The Occupy people have done a wonderful thing. On Monday, just as the comment period on the new regulation was closing, a subgroup of seven known as Occupy the SEC submitted a 325-page comment to all relevant federal agencies demanding a stricter “Volcker Rule” — the part of Dodd-Frank that aims to limit the amount [...]
People have been speaking to your editor about the prophetic words of the Reverend Mojo Nixon, particularly this song — recorded live with Skid Roper in a St. Louis club back when Ronald Reagan was still technically alive. So here it is, Ocupados, “I Hate Banks,” the legendary Wobblies campfire anthem from the 1980s.
Be patient through the first 90 seconds — haha, attention span of a gnat! — because a remarkable little drama unfolds with protesters inside the Citibank branch communicating with protesters outside, all very reserved, collecting names and birthdates of the people about to be arrested inside. And then, brutish cops seize a woman in a [...]
M&I Bank is Wisconsin’s biggest, and it gave a ton of money to union-busting kochsucker Scott Walker. Now the unions are targeting both M&I and the Canadian banking giant in the process of acquiring it. A couple of firemen stomped in on Saturday and withdrew $192,000 on Saturday, in the branch across from the state [...]
Scott Walker asked the greedy working people of Wisconsin if they would kindly remove themselves from the capitol by 4 p.m. Sunday. And surprise surprise, the trust fund teachers did not listen, forcing poor Governor Walker to order policemen to clear out the building. But treasonous Capitol Police Chief Charles Tubb allowed dozens of protesters [...]
A small-town bank in Oklahoma is under siege by governmental secularizing forces this holiday season, as the Federal Reserve is very jealous of their impressive Jesus-themed bank and wants to ruin it for everyone. According to a local teevee news station website, the Fed comes ’round every four years with a list of regulations to [...]
The Taliban is trying so hard to transform Afghanistan into a backward Sharia land, and yet, every day we see more and more signs of proper Westernization: One of the principal owners of the Afghan bank at the center of an accelerating financial crisis here said depositors had withdrawn $180 million in the past two [...]
Free citizens of America! Is globalism grinding you down and burying you in Ameros? Are Obama’s secret police camped out in your driveway, waiting to haul you off to a FEMA camp? Does the NAFTA Superhighway run straight through your teabag sculpture garden? Got a case of the swine flu and aren’t sure which pig [...]
Wonkette Sky-Chopper-One pilot and operative “Trey K.” sends us this live view of 14th and K NW, where maybe a couple of hundred of MoveOn/Anti-Capitalism protesters are demanding legislative changes to the financial reform bills. Can you feel the excitement? No? That’s because it began raining and they all fled like rats. NOT VERY HARDCORE.
Yay here is your Friday News Roundup of somebody else’s News Roundup regarding Tim Geithner and Larry Summers getting beaten up by greybeards Joe Biden and Paul Volcker! Biden and Volcker are, combined, 150 years old and 150 feet tall; also they are liberal hippies.
SCALING BACK AMBITIONS, HEH: What the banks and mortgage giants killed in the House’s latest bullshit Financial Regulation bill was the “Cram-down” legislation, which would have let bankruptcy judges force lenders to accept not only lower, fixed interest rates on underwater home loans, but also give judges the power to reduce the principal to reflect [...]
