We have to be smart in how we fight against Trump and the Republican Party this time around. That means picking our battles wisely, and not taking bait that’s dangled in front of our faces.
Federal Reserve
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Saving Our Economy With Public Banking
Public banking could be the antidote to free us from our dependency on Wall Street and put monetary power in the people's hands.
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Bail-out Is Out, Bail-in Is In: Another Argument for Publicly-Owned Banks
The deposits of U.S. pension funds are well over the insured limit of $250,000. They will get raided just as the pension funds did in Cyprus, and so will the insurance companies. Who else?
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Bank Zombie Titles Are Soaring, Hurting Communities and Borrowers
The perverse phenomenon known as “zombie title" — where servicers initiate a foreclosure, evict the borrowers, but then fail to take title to the house — is an abuse that is skyrocketing.
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Revealed: Checks From Banks To Struggling Homeowners Bounce
Some $3.6 billion was to be issued to about 1.4 million homeowners wrongfully evicted from their homes. But when people went to cash their settlement checks last week, the checks bounced because of insufficient funds by the banks.
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Report Misses How Regulators Conspired with Banks Against Homeowners
The U.S. Government Accountability Office, tasked with carrying out a high level review of the big banks' illegal foreclosure process, has released a report that fails to reach meaningful conclusions.
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Federal Reserve: 'We Got Hacked by Anonymous'
The Federal Reserve released a statement Tuesday that members of Anonymous hacked its system on Superbowl Sunday to obtain sensitive information from more than 4,000 bank executives.
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Delinquency Rate on Student Loans Tops Credit Cards
There's more troubling news about student loans, the highest source of non-mortgage debt.
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Internet Privacy? Not if Government Has Its Way
On Thursday, the Senate will consider a new bill that allows the government to have total access to email accounts without a warrant.
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QE3: The Fed's Latest Gift to Wall Street
The Fed's third round of quantitative easing, QE3, won't likely reduce unemployment - the banks will make out like bandits as they have before. Only if the banking system is under the control of the people can it be expected to serve the people.
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"Quantitative Easing": A Bank Bailout by a Different Name
The Federal Reserve's plan to create money out of nothing for the purpose of buying mortgage-backed securities will increase the already historic level of inequality that exists in the U.S.
