banks
Amercia, Where You Are Free to Take On Crushing Lifelong Debt
Wonketteers are all latte-drinking Prius-driving libruls, so they are all probably avid New York Times readers who are very familiar with the Times’ ongoing series on income inequality, “The Great Divide.” But just in case! Today’s installment is a cheery essay by Joseph Stiglitz, titled “Student Debt and the Crushing of the American Dream.” Doesn’t [...]
Why Is Liz Warren Yelling At Bank Regulators Today? (Video)
Liz Warren came to Washington to kick ass and chew bubblegum, and she is ALL OUT OF BUBBLEGUM. Would you like to watch her tear into regulators about wrongful foreclosures? Specifically: why no one knows exactly how many people were wrongfully foreclosed on, and also, why wrongfully foreclosed upon people may have gotten as little [...]
Banks Might Like White Men Just as Much as the GOP Does
Are you STILL capable of being surprised by structural inequality, including but not limited to women and minorities’ inability to take advantage of various financial opportunities? Eh, us neither, we are used to it by now, but just in case we accidentally become inoculated, let us learn about the current instantiation of redlining in Chicago.
Wells Fargo Bills Elderly Disabled Veteran To Death Over Typo
Every day, we wake up thinking that we cannot possibly dislike the banks (and their enablers) more than we did them the day before, and most of the days we are right, and our fear and loathing glides along on a steady keel. But once in a while we are proven wrong and learn of [...]
Elizabeth Warren Hands Ben Bernanke His Own Ass
Hi Lizzz! HIIIIIII! WE LOVE YOU!!!! Why? Well, in addition to the usual reasons, Ben Bernanke appeared in front of the Senate Banking Committee yesterday, and Elizabeth Warren basically asked him stuff like: Why is everything still so horrible, Ben? Why are you doing absolutely nothing to fix anything, Ben? Why are you just standing [...]
Banks Joining Up With Payday Lenders To Find Creative Ways To Screw Poors
Hello, are you interested in hearing something horrible about banks? Of course you are, big banks are possibly one of the worst things that have happened to the American people in the last decade or so, which is why you will not be surprised to learn that they have started partnering with small, internet-based payday [...]
Here, Let Liz Warren Help You Enjoy The Rest of Your Day!
We wish that we could have a video like this one EVERY MORNING, that is how much it pleases us to watch Elizabeth Warren embarrass bank regulators in front of a live audience. She should take this show on the road because we are INTO IT! Of course, we use the term “regulators” figuratively, given [...]
Banks Will Now Review Themselves to Find Out if They Did Your Foreclosure Right
Well this will save everyone a lot of time! Banks are just going to go ahead and do a rigorous self-review to see if they handled foreclosures correctly. Of course, most of them have not handled foreclosures correctly, remember when Wells Fargo foreclosed on the wrong house? Twice? And remember when Bank of America did [...]
If You Liked Too Big To Fail, You Will Love Too Big To Indict
Did you know that there is now such a thing as “too big to indict”? This generally refers to institutions that are so big and so central to the entire economy of the whole world that there is nothing anyone can do to punish criminal activity and specifically refers to HSBC, a multinational banking conglomerate [...]
Anderson Cooper To Whistleblower: Why Do You Want To Hurt Those Nice Banks?
Well that was fast! The media has already, as Hamilton Nolan astutely predicted, turned on Greg Smith, the former Goldman Sachs analyst turned writer. You might remember Greg Smith from the scathing Op-Ed he wrote in the New York Times back in April, announcing his resignation from Goldman Sachs and revealing that their corporate culture [...]
Bankers, Please Feel Free To Stab Any Cab Driver You Wish
When we were a little kid and someone asked us the inevitable “what do you want to be when you grow up?” we usually said something like “a movie star!” But in retrospect, we probably should have said “gainfully employed,” or, in the event that we were aiming super high, “a banker!” because bankers appear [...]
Wells Fargo Accidentally Forecloses on Wrong House, Throws Away Couple’s Precious Memories
Hello, would you like to hear a heartwarming story about banks? Oh good, because last week, a bank accidentally foreclosed on the wrong house and a nice middle aged couple lost everything that wasn’t nailed down and can never get it back, ever again. Sorry, precious memories, about going to the wrong address and all. [...]
Freddie Mac Regulator Cordially Invites Homeowners To Bite Him
Oh HI, 31.4% of homeowners that are underwater on their mortgages! Would you like to change your name to Freddie Mac or Fannie Mae, or perhaps even just “bank”? Because if not it is too bad and so sad for you, since the Fannie Mae/Freddie Mac regulator just said no WAY hozay to a plan [...]
Jamie Dimon, Welfare Queen
When we last checked in with Jamie Dimon, he was getting a tongue bath from Jim DeMint (R-Jamie Dimon’s Butt) because Jamie Dimon is a Very Big Man in charge of a Very Big Bank that makes Very Big Profits for Very Big People. As Jim DeMint (R-Jamie Dimon’s Butt) noted, not everyone can do [...]
Jamie Dimon Doesn’t Need No Regulations, Says Jamie Dimon
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 [...]
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