Eric Holder’s Legacy To Be Failing To Hold Wall Street Accountable

By: Tuesday July 1, 2014 2:25 pm

Attorney General Eric Holder, appointed in the beginning of Barack Obama’s presidency, is beginning to have his legacy evaluated and it is not looking good. A creature of Wall Street who helped represent some of the culprits of the mortgage crisis in private practice, Holder never made an honest or substantive efforts to go after his former clients who helped crash the economy in 2008.

 

Same as It Ever Was: War, Peace, Wall Street, and the Smothers Brothers

By: Wednesday April 16, 2014 4:37 pm

Censored for years, the Smothers Brothers kept on satirizing. In the end their uncompromising political message drove them off the air, with CBS firing the duo and the rest of their comedy ensemble under pressure from the White House. Though the Brothers and the ACLU fought a successful legal battle in response, their careers were effectively over. A documentary, Smothered, tells the whole story — but only clips seem to be available online.

SEC Was Colluding With Banks On CDO Prosecutions

By: Monday April 14, 2014 12:05 pm

A story by The American Lawyer seems to provide serious evidence that the SEC essentially planned to ensure that Wall Street firms would never be held fully accountable for their crimes. That there was collusion between the banksters and the SEC that CDO prosecutions would be limited in number and impact.

JPMorgan Agrees To Pay Billions For Causing Financial Crisis

By: Wednesday November 20, 2013 11:58 am

Yesterday the Justice Department announced a $13 billion settlement with JPMorgan over the megabank’s fraud in the mortgage backed security market that helped trigger a financial meltdown in 2008. The deal was completed after JPMorgan CEO Jamie Dimon summoned Attorney General Holder to a private meeting to avoid a press conference, the terms discussed at that meeting would later be finalized into the current settlement agreement.

Taxpayers To Help Pay JPMorgan’s Fine For Causing 2008 Financial Crisis

By: Wednesday October 23, 2013 6:46 am

Feeling generous? You should because you are about to help pay for JPMorgan’s $13 billion fine for causing the 2008 financial crisis. According to tax experts the money JPMorgan will be paying to the government ($9 billion) and to wronged customers ($4 billion) can be written off as a “business expense.” In other words, JPMorgan may be sticking the taxpayers with the bill.

JP Morgan To Pay $13 Billion For Causing 2008 Financial Crisis

By: Monday October 21, 2013 9:50 am

The previous fines Wall Street banks have paid have been laughable. But a $13 billion fine would be more than half of JPMorgan’s profit last year. Serious money. Though apparently JPMorgan thinks it might have to pay even more for its wrongdoing.

U.S. and U.K. Regulators Say Too Big To Fail Banks Can Be Broken Up

By: Monday October 14, 2013 12:46 pm

Under the Dodd-Frank Act banks that are “systemic threats” to the financial system or Too Big To Fail are supposed to be dismantled to avoid the necessity for taxpayer bailouts and subsidies. So far the power has not been used which many are claiming is due to the incredible sophistication of the megabanks not a lack of will by public officials. But now US and UK regulators are saying that’s not true and that the Too Big To Fail banks can be broken up.

JP Morgan Accused of Manipulating Energy Markets, Wrist Slap Expected

By: Tuesday July 30, 2013 12:51 pm

Too Big To Fail Megabank JP Morgan Chase is back on the government’s radar. The bank has been under investigation numerous times after taking a bailout during the 2008 financial crisis – most notably for the London Whale trade – and is now under scrutiny for its trading activities in the energy market. The accusation comes ahead of a likely legal settlement between JP Morgan and the Federal Energy Regulatory Commission.

Treasury Secretary Lew Says Too Big to Fail Should Be Over by Year’s End

By: Thursday July 18, 2013 6:30 am

Citigroup alumn and current U.S. Treasury Secretary Jack Lew has claimed that if the ever looming threat of banking institutions that are so big their failure would bring down the economy is not eliminated by year’s end further actions will be needed.

NSA Swaps Information on You With Private Companies for More Information on You

By: Friday June 14, 2013 8:55 am

Freedom isn’t free. The National Security Agency along with the CIA, FBI and other intelligence agencies of the U.S. government has been swapping information with private companies. In exchange for private companies giving the intelligence agencies information on their users, the private companies receive access to classified intelligence.

SUPPORT FIREDOGLAKE
Follow Firedoglake
TODAY’S TOP POSTS
CSM Ads advertisement
Advertisement