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Ruth Milka – Treasury nominee’s bank was accused of “widespread misconduct” for their role in foreclosure crisis

According to newly released documents published by The Intercept, OneWest Bank, which was ran by Trump’s treasury secretary nominee, Steven Mnuchin, from 2009 to 2015, repeatedly broke laws in California during the foreclosure crisis.  Although a suit was never brought against the company, the memo states that California’s attorney general “uncovered evidence suggestive of widespread misconduct.” OneWest is a delightful …

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Pam Martens and Russ Martens – Goldman Sachs Financed Hillary Clinton’s Son-in-Law to Make Bullish Greek Bets After It Structured Unseemly Greek Debt Deals that Hobbled that Country

Goldman Sachs will interminably,thanks to Matt Taibbi at Rolling Stone, conjure up images of “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” The vampire squid has now popped up in the middle of a potential new scandal involving the Clintons, while uproar over its payment of $675,000 to …

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Pam Martens and Russ Martens – 57 Percent of Our Banks Have Disappeared: You Can Thank Bill Clinton

Thanks to the Presidential debates, most Americans have heard of the Glass-Steagall Act which kept the country’s banking system safe for 66 years until it was repealed by President Bill Clinton in 1999, allowing the risky activities of Wall Street trading firms to merge with insured-deposit banks, setting the stage for the Wall Street collapse in 2008. But few Americans …

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What is Bernie Sanders’ Net Worth?

Bernie Sanders’ net worth is $528,014. Our Bernie Sanders net worth calculations come from analyzing his U.S. Senate financial disclosure forms. U.S. Senators aren’t required to disclose their exact net worth. The closest anyone can get to Bernie Sanders’ net worth is to dig through disclosure forms and do the math. Since senators report assets and debts within preset ranges, finding Bernie …

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Pam Martens and Russ Martens – Citigroup’s Unchecked Crime Wave Proves that America Is Headed in the Wrong Direction

Citigroup, the bank that played a central role in bringing America to its knees in 2008; received the largest taxpayer bailout in the history of finance to resuscitate its insolvent carcass; pleaded guilty to a felony count of rigging foreign currency trading in May and was put on a three year probation – is now under a string of criminal …

One in Four Local Banks Has Vanished Since 2008. – Stacy Mitchell

This article was produced by the Institute for Local Self-Reliance, as part of itsCommunity-Scaled Economy Initiative, which produces research and partners with a range of allies to implement public policies that curb economic consolidation and strengthen locally owned enterprise. Here’s a statistic that ought to alarm anyone interested in rebuilding local economies and redirecting the flow of capital away from …