Categories & Tags: Banks and Finance

Bankers gone wild (again)   |   November 14, 2014
By Phil Mattera, Dirt Diggers Digest There seems to be no end to the chutzpah of the big banks. They brazenly break the law and then pay growing but still quite affordable...

 

Preying on the military, with politicians' help   |   October 27, 2014
By Phil Mattera, Dirt Diggers Digest Reincorporating in foreign countries with lower tax rates is not the only way large corporations put profit before patriotism. A front-page...

 

Miami sues banking giant over predatory mortgages   |   June 17, 2014
By Andrea Germanos, Common Dreams The city of Miami on Friday filed a lawsuit in a federal court against JPMorgan Chase & Co., accusing the banking giant of a pattern of...

 

To dodge law, high-cost lender offers cash for free   |   September 5, 2013
By Paul Kiel, ProPublica Alarmed by the explosion of high-cost lending in the state, cities across Texas have passed ordinances to prevent the cycle of debt that short-term, high-...

 

Bank of America lied to homeowners and rewarded foreclosures, former employees say   |   June 17, 2013
By Paul Kiel, ProPublica Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for...

 

Bank of America makes 'dirty dozen' list of criminal financial institutions   |   March 28, 2013
A watchdog group has compiled a list of banking's "dirty dozen" corporate criminals, and Charlotte, N.C.-based Bank of America makes the cut. Dirt Diggers Digest, a...

 

INSTITUTE INDEX: Turning back the clock to predatory payday loans   |   February 22, 2013
Date on which North Carolina Sen. Jerry Tillman (R) introduced a bill to re-open the state to "payday" lenders, companies that offer unsecured cash advances with...

 

Bank of America returns to the scene of the crime   |   January 23, 2013
By Phil Mattera, Dirt Diggers Digest Home buyers beware: Bank of America is returning to the home loan market. According to the Wall Street Journal, BofA is "girding for a...

 

As foreclosure crisis drags on, so does flawed government response   |   January 4, 2013
By Paul Kiel, ProPublica As the sixth year of the foreclosure crisis comes to an end, the percentage of loans in foreclosure remains a staggering eight times higher than it was in...

 

Mexican drug cartels and the U.S. banking industry   |   July 12, 2012
By Louis Nevaer, New America Media The six-year War on Drugs that Mexican president Felipe Calderon has waged since 2007 has resulted in one consequence no one anticipated:...

 

Banking on Boeing   |   May 21, 2012
By Phil Mattera, Dirt Diggers Digest Recent passage of a piece of federal legislation on a broadly bipartisan basis was considered unusual enough for the Washington Post to treat...

 

Financial regulation kills jobs? Perhaps not   |   September 13, 2011
By Marian Wang, ProPublica With the presidential campaign in motion, and President Obama urging immediate passage of his new jobs bill, the attention in Washington has shifted...

 

Nurses rally to heal America with Wall Street tax   |   August 31, 2011
Nurses will gather across the U.S. on Thursday, Sept. 1 to urge Congress to tax financial transactions and use the revenue to fund social programs desperately needed amid the...

 

The color of foreclosure: Blacks, Latinos still losing homes at record numbers   |   June 18, 2010
Thanks to a certain oil spill and other attention-grabbing events, the nation's home foreclosure crisis has drifted off the news headlines. But a new study by the Center for...

 

Traders give Lincoln 80% chance of winning primary, 20% of winning general   |   May 18, 2010
In Arkansas' closely-watched primary today for U.S. Senate, the polls and pundits are saying embattled incumbent Sen. Blanche Lincoln (D) has a big enough lead to win against...

 

Wall Street's strategy for opposing financial reform (video)   |   April 29, 2010
Facing South's report last week on a protest last week by the conservative group Americans for Prosperity -- which targeted the Center for Responsible lending, a champion of...

 

Did Rep. Mike Ross fail to report all of his ties to health industry?   |   July 24, 2009
Earlier this week, I reported that Rep. Mike Ross (D-AR) -- the Blue Dog who has emerged as the leading barrier to the House passing a health care reform bill this summer -- and...

 

Follow-up: Wachovia's bailout loan to Republicans came during record losses   |   October 22, 2008
Two weeks ago, we published an in-depth piece looking into Wachovia's $8 million loan bailing out the cash-strapped National Republican Congressional Committee. Wachovia'...

 

Bailout Watch: Public ownership -- but no public say   |   October 15, 2008
President Bush's announcement that the government will spend $250 billion to buy shares in nine major banks -- in effect, partially nationalizing them -- has drawn a lot of...

 

Chris Kromm on Free Speech Radio News   |   October 13, 2008
Free Speech Radio News is running a piece on failing Wachovia bank's $8 million loan to the National Republican Congressional Committee. You can listen to the news segment...

 

Groups hope to see microlending programs at work in the Gulf Coast   |   October 7, 2008
The Christian Science Monitor poses the question this week: could microloans work to revitalize the Gulf Coast in the same way they have worked for poor areas of Africa and Asia...

 

Bailout Watch: Finance crisis continues to batter North Carolina   |   September 29, 2008
North Carolina -- the second-biggest banking center in the country -- continues to be hammered by the global financial crisis. Today, reports are confirming rumors floating over...

 

From Wall Street to Tryon Street: The impact of the financial meltdown in the South   |   September 26, 2008
In the last few weeks, we've heard a lot about the impact of the finance industry's meltdown on Wall Street. But what about Tryon Street? That's the main avenue...

 

Ask the Experts: 4 questions about the bailout   |   September 26, 2008
Confused about the financial meltdown and Wall Street bailout? We asked economist Dr. Robert Pollin for his take on the situation. Dr. Pollin is a widely-respected professor of...

 

Bailout Watch: How Big Finance bought deregulation in 1999   |   September 24, 2008
There are many events that set us on the path to the current crisis on Wall Street, but one is a steady march of deregulation in the finance sector over the last generation. The...