Below you'll find a list of all posts that have been tagged as “Jpmorgan Chase”
The biggest disappointment regarding Donald Trump since being elected President has been his total embrace of dangerous Wall Street thieves. As it is currently structured and incentivized, the financial services industry represents one of the most destructive and least beneficial forces within the U.S. economy. It is essentially a parasitic industry. Unfortunately, Trump didn’t merely pick one or two competent finance guys to …
Since it was announced Tuesday evening that Donald Trump will nominate Steven Mnuchin for Treasury secretary, a lot of time has been spent focusing on the 17 years Mnuchin worked at Goldman Sachs and whether it should disqualify him for the job. And while some might argue that having Goldman Sachs on your résumé helps qualify a person for this …
Forgive my “infamously fluent French” but the phrase “pour encourager les autres” – a reference to executing one powerful person to send a message to others – seems to have lost its famously ironic quality. It seems that the U.S. government is globally paying big bucks to people to encourage them to expose the crimes of their employers, but only …
NEW YORK — Christmas has arrived early for Wall Street in the early days of the Donald Trump era. A populist candidate who railed against shady financial interests on the campaign trail is now putting together an administration that looks like an investment banker’s dream. Former Goldman Sachs banker Steven Mnuchin has been seen at Trump Tower amid rumors that …
A new report from the research organization In the Public Interest (ITPI) highlights the banks that finance the private prison industry—and with a Trump administration on the horizon, they could be in for a windfall. Six banks have played a major part in bankrolling the two largest private prison firms, CoreCivic (formerly the Corrections Corporation of America) and the GEO …
Last Thursday, the Consumer Financial Protection Bureau (CFPB) announced that Wells Fargo was paying $185 million in fines and penalties for allowing its employees to open “more than two million deposit and credit card accounts” that were not authorized by its customers. The employees were attempting to “hit sales targets and receive bonuses.” In one of the most audacious forms of …
A new report released Tuesday reveals how “U.S.-based multinational corporations are allowed to play by a different set of rules than small and domestic businesses or individuals when it comes to paying taxes”—to the tune of more than $100 billion every year. The analysis from the U.S. PIRG Education Fund, Citizens for Tax Justice, and the Institute on Taxation and Economic …
Deutsche Bank’s shares plunged to record lows this week, sparking talk of a government bailout to avert a new financial crash. The turmoil surrounding Germany’s biggest bank demonstrates that all of the contradictions of the global financial system that led to the meltdown of 2008 are once again erupting. Now, however, these contradictions are fuelling and intersecting with economic and …
Greenpeace Netherlands exposed the threats to democracy and climate action contained within the little-known Trade in Services Agreement (TISA) on Tuesday with new leaks divulging several chapters of the clandestine global trade agreement. “It’s a sad day for democracy when ordinary people are dependent on leaks to learn about the far-reaching consequences of toxic trade deals that are being cooked up behind closed doors,” said Nick …
The New York Times took notice recently of the role that so-called “think tanks” play in corrupting U.S. government policy. Their review of think tanks “identified dozens of examples of scholars conducting research at think tanks while corporations were paying them to help shape government policy.” Unfortunately, and perhaps predictably, while the Times investigation demonstrates well that the U.S. is …
