Sheet Metal Workers in Ohio Sue 12 Banks Over Pension Fund Mismanagement
Sheet Metal Workers from Local 33 in Parma, Ohio are taking action against 12 major banks who they say have restrained competition for credit default swaps (CDS) between 2008 and 2011. Local 33’s...
View ArticleReport Reveals Stunning Lack of Fiduciary Responsibility as Lobbyists Block...
Bank regulations. We can’t seem to get enough of them in place. And the reason is pretty simple: Lobbying power. Last week, a group of 75 lobbyists hit Capitol Hill to block proposed Department of...
View ArticleAdvisory Firm in Tow, Richmond Becomes First CA City to Stand Up to Big Bank...
For the past few years, representatives of Mortgage Resolution Partners (MRP) have been traveling through California proposing a plan to help cities that are still dealing with the effects of the...
View ArticleBrand 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...
View ArticleSurprised? Two-Thirds of Federal Subsidies Since 2000 Have Gone to Large...
A new report shows that two-thirds of the $68 billion in business grants and special tax credits awarded by the federal government over the past 15 years have gone to large corporations. In that...
View ArticleEmails Between US Trade Rep. Froman and Wall Street Bankers Reveal New Degree...
“My Citigroup payout was THIS big!” 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...
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