The year 2020 has caused many white people to realize we live in a racist system. The Green New Deal is about systemic change for all, and deconstructing racism must be front and central in this agenda.
LIBOR
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Now We Know: JPMorgan Chase is More Criminal Than Enron
Foreclosure fraud, investor fraud, cheating customers, market manipulation, LIBOR - and now, a $2 billion fine for closing its eyes and covering up as Bernie Madoff scammed widows and orphans.
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E.U. Imposes Record €1.7 Billion Fines on Major International Banks Over Rate-Rigging
The fines issued by the European Commission mark the latest to be levied on banks and financial institutions for making profits or masking their problems by fraudulently rigging the rates that reflect the cost of lending money to each other.
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What Fine? Why JPMorgan Is Laughing All the Way to the Bank
The $13 billion fine on civil charges, including $4 billion in direct assistance to swindled homeowners in mostly depressed inner city neighborhoods, is to be applauded. But it represents only about half of the profit JPMorgan garnered last year.
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JPMorgan Chase Fined Historic $13 Billion for Mortgage Fraud
The settlement between America's largest bank and the Department of Justice was greater than the anticipated $11 billion, and will not release the bank from facing further criminal liability charges for its role in helping bring down the US economy.
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The Detroit Bail-In Template: Fleecing Pensioners to Save the Banks
The Detroit bankruptcy is looking suspiciously like the bail-in template originated by the G20’s Financial Stability Board in 2011.
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Sacramento CA, Sues Big Banks Over LIBOR Rate Manipulation
Sacramento County has sued Bank of America, Citigroup, Deutsche Bank and 15 others, saying they cost the city untold sums by manipulating LIBOR.
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The Capone Moment: Could LIBOR Fracture the International Banking Cartel?
Regulators' complicity in the LIBOR rate-rigging scandal is a weak point for the global banking cartel—which, like Al Capone's network of gangsters, may finally be on the way out.
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For Just Over $600 Million, R.B.S. Settles Case on Rigging
A campaign to root out financial fraud scored a victory as authorities took aim at the Royal Bank of Scotland for its role in the LIBOR interest rate manipulation scheme.
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UBS Libor Manipulation Merits a Death Penalty
A more emphatic message needs to be sent to UBS bank by its prudential regulator in the U.S.: You are finished in this country.
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Cities in the Red: Austerity Hits America
The European debt crisis and the ensuing austerity-fueled chaos can seem to Americans like a distant battle that portends a dark future. Yet a closer look reveals that the future is already here.
