Scale of Wall Street Holdings Are “Unprecedented in U.S. History”

Senate Report: Scale of Wall Street Holdings Are “Unprecedented in U.S. History”Last Thursday, the U.S. Senate’s Permanent Subcommittee on Investigations, chaired by Senator Carl Levin, released an alarming 396-page report that details how Wall Street’s too-big-to-fail banks have quietly, and often stealthily through shell companies, gained ownership of a stunning amount of the nation’s critical industrial commodities like oil, aluminum, copper, natural gas, and even uranium.

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Bank of America settles with government in mortgage bond case

Bank of America settles with government in mortgage bond caseA final judgment against Bank of America Corp. in a mortgage-bond lawsuit by the U.S. Securities and Exchange Commission was signed by a federal judge, helping clear the way for the lender to complete a $16.7 billion global settlement of claims it misled investors about risk. The judgment signed Tuesday by U.S.

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couple settles with bank after alleging fraud in lawsuit

Meagher County couple settles with bank after alleging fraud in lawsuit : State-and-regionalHELENA – A Meagher County couple has reached a confidential settlement with Bank of America in its lawsuit alleging the bank engaged in fraudulent dealings. The lawsuit was filed by Abraham and Betty Jean Morrow of White Sulphur Springs. One of the couple’s attorneys, David K.W.

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Corruption in America: From Benjamin Franklin’s Snuff Box to ‘Citizens United’

Corruption in America: From Benjamin Franklin’s Snuff Box to ‘Citizens United’ | BillMoyers.comThe following excerpt is the introduction to Zephyr Teachout’s new book, Corruption in America: From Benjamin Franklin’s Snuff Box to Citizens United. The Citizens United decision was not merely bad law; it was bad for politics, and displayed an even worse understanding of history.

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Starved for Time? Here’s a Surprising—and Easy—Solution

Starved for Time? Here’s a Surprising-and Easy-SolutionAlthough I think I spent most of my childhood daydreaming, I seldom do it anymore. Occasionally, I’ll catch myself spacing out in the shower, just standing there, and I’ll try to hustle myself back on track, lest I waste any more time or water. Rarely do we just let ourselves stare into space these days.

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AIG lawsuit reveals global economy on the brink

World Socialist Web SiteBy Gabriel Black 10 November 2014 The failure of the insurance giant American International Group (AIG) at the height of the financial crisis in September 2008 “would have been catastrophic for the broader economy” and led to “mass panic on a global scale,” according to recent court testimony by Timothy Geithner, President Obama’s first-term Treasury Secretary and former President of the New York Federal Reserve Bank.

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