Posts Tagged ‘wall street’

Jun
2016
2

Emails Between US Trade Rep. Froman and Wall Street Bankers Reveal New Degree of TPP Collusion

Emails Between US Trade Rep. Froman and Wall Street Bankers Reveal New Degree of TPP Collusion
  A series of emails obtained through a Freedom of Information Act (FOIA) request show that there was collusion between big banks and the Obama administration in which Wall Street executives pushed hard for U.S. Trade Representative Michael Froman to pass the Trans-Pacific Partnership.  The emails were obtained by the group Rootstrikers,...
Jun
2015
19

Goldman Sachs Limits Interns to 17-Hour Workday, Impressing Absolutely No One

Goldman Sachs Limits Interns to 17-Hour Workday, Impressing Absolutely No One
  Goldman Sachs has told its 2,900 interns to take it easy this summer by limiting themselves to a 17-hour day. Yes, folks, you read that right. Working twice as many hours as a normal person is Goldman Sachs’ idea of not overdoing it.  The announcement of the policy “shift” comes two weeks after The [&hellip...
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Aug
2014
1

A Billion Here, a Billion There: Bank of America Will Challenge Latest Mortgage Crisis Settlement

A Billion Here, a Billion There: Bank of America Will Challenge Latest Mortgage Crisis Settlement
  The Justice Department has ordered Bank of America to pay $1.27 billion for fraud that occurred at Countrywide Financial Corp., which sold bad loans to Freddie and Fannie Mac as part of a program it had named “Hustle.”  The program was designed to move mortgage products quickly with little regard for quality. It played [&hellip...
Jul
2014
3

L.A. Workers Flood City Hall Streets, Protest Predatory Bank Fees, Rising Share of Health Care Costs

L.A. Workers Flood City Hall Streets, Protest Predatory Bank Fees, Rising Share of Health Care Costs
  With their contracts expiring at midnight, city workers in Los Angeles flooded the streets around city hall in protest on Tuesday. Secretaries, 911 dispatchers, traffic controllers, sanitation workers and members of local community groups led by the Fix LA Coalition gathered to oppose predatory fees the city pays to Wall Street banks.  The...
Jan
2014
3

Brand New Documents, Same Old Story: JPMorgan Obstructed Madoff Investigation

Brand New Documents, Same Old Story: JPMorgan Obstructed Madoff Investigation
  Documents obtained by Newsweek via the website GovernmentAttic.org show that JPMorgan Chase has for years obstructed the federal government’s investigation into the ponzi scheme perpetrated by Bernie Madoff.   Bankers getting off the hook? Romancing the system? You don’t say… A deep look into the documents reveals that the Obama...
Oct
2013
21

REPORT: Dem Candidate for RI Gov Undermined Public Pension System to Curry Wall St. Favor

REPORT: Dem Candidate for RI Gov Undermined Public Pension System to Curry Wall St. Favor
  A new investigation conducted by Former SEC Investigator and Forbes columnist Ted Siedle uncovers the misdeeds of Rhode Island General Treasurer Gina Raimondo during her handling of the state’s Employee Retirement System.   Commissioned by AFSCME, the report, “Rhode Island Public Pension Reform: Wall Street’s License to...
Sep
2013
30

BoA Mortgage Crisis Trial Prosecutors: “The Promise of Quality Was Largely a Joke”

BoA Mortgage Crisis Trial Prosecutors:
  In New York, the first trial against a major bank over the mortgage practices that led up to the 2008 mortgage crisis has been brought against Bank of America. Lawyers claim BoA committed “massive fraud” when it sold loans it promised to be of investment quality to Fannie Mae and Freddie Mac.  At the [&hellip...