Thursday, July 26, 2012
Yesterday in Washington, lawmakers from both sides of the aisle were talking about the structure and behavior of big banks. Tim Geithner offered testimony about the LIBOR rate-fixing scandal. And comments by a former Citigroup CEO led to buzz about the return of Glass-Steagall, which prevented banks from getting too big. Wall Street Journal economic policy reporter Damian Paletta discusses the latest.
Wednesday, May 16, 2012
By Justin Krebs : IAFC Blogger
They are still foreclosing on homeowners and resisting write-downs, still raising banking fees, still lobbying against reforms. And one can bet they are on track for big bonuses.
Wednesday, November 30, 2011
Bloomberg News reports what the Federal Reserve wouldn't: that the United States' central bank committed $7.77 trillion to bailing out the financial industry in the wake of the 2008 crisis, netting banks $13 billion in profits in the process.
The Fed's bailout package was more than ten times ...