pt banksters

A year after an embarrassing trading blowup led to millions of dollars being docked from Jamie Dimon’s paycheck, the chairman and chief executive ofJPMorgan Chase is getting a raise. Of course he is, because share prices have increased and this is the only thing that really matters. Did JP Morgan, under Jamie Dimon’s watch, preside over a global financial […]

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 […]

Remember that elderly disabled veteran that Wells Fargo wrongfully foreclosed on and then billed to death over a typo? Well too bad he dropped dead in court, because he otherwise would have (maybe) been entitled to a cool $300 – $1000 to compensate him for his time and inconvenience. No, really: this is what his […]

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.

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 […]

Hey remember when you lost your job and all your assets, or maybe took on tens of thousands dollars in school loans so you could pay for an education that would help you get a part-time job in retail? Remember that? That was fun, right? As you claw your way out of the hole created […]

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 […]

In a move that your Wonkette finds SHOCKING, just SHOCKING, major banks have decided not to lower home loan interest rates for customers, even though the federal funds rate is hovering at around zero and banks are making a killing on mortgages. JPMorgan Chase and Wells Fargo, the nation’s largest mortgage lenders, said Friday they […]

Remember that nice couple we told you about last week — the Tjosaas family, whose home in Twenty-Nine Palms was “accidentally” foreclosed upon by Wells Fargo even though the couple didn’t even have a mortgage? Turns out: this was the SECOND TIME that Wells Fargo had “accidentally” foreclosed on that house by mistake, but it’s […]

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. […]

What is LIBOR, you might be wondering? And who has messed with it? And how exactly will a banking scandal in London have something to do Mitt Romney? Well, what wouldn’t it have to do with Mitt Romney? First things first: LIBOR stands for the London Interbank Offered Rate, and according to the BBC, it […]

Being in the upper echelons of management at a bank must be better than being a rock star, really, because no matter what you do, people will still fall all over themselves to fellate you and shower you with cash. Like, for example, the billions and billions of dollars that the government gives to JP […]

Remember a long, long time ago, WAY back, when the economy was ruined, possibly forever, along with life as we know it? Remember how this was all caused by a handful of banks but then this somehow got turned around and blamed on bunch of Poors? And then, remember how we gave them a bunch of money […]