Category Archives: Banana republic

Be Sure to Catch Lambert’s Presidential Debate LiveBlog/Open Thread Tomorrow at 9 PM EDT

Lambert is again putting on his yellow waders to host another debate confab. Hope you will join him!

Calling All Wells Fargo Whistleblowers!

We have published extensive whistleblower reports and encourage former and current Wells Fargo who’ve witnessed sales abuses to contact us.

Don Quijones: Rescue of Italy’s Monte dei Paschi Gets ‘Dark’ & ‘Complicated’

As Monte dei Paschi flounders, details of past chicanery emerge, implicating Deutsche Bank, Normura, the Bank of Italy, and Maro Draghi.

How Trump and Clinton Gave Bad Answers on US Nuclear Policy….And Why You Should Be Worried

As tensions with Russia rise, neither Presidential candidate gave a straight answer on the use of nuclear weapons.

Don Quijones: Stealth Bailout of 2 Franken-Banks Now Happening in Spain

Another bailout of two of Spain’s franken-banks: mostly state-owned Bankia and wholly state-owned Banco Mare Nostrum (BMN).

Cerberus Uses Private Equity Looting Strategy With Scandal-Ridden Steward Health Care Hospitals

How Cerberus is using a real estate looting strategy to salvage its purchase of Steward Health Care….at the expense of the operations, natch.

Social Democracy, the “Third Way,” and the Crisis of Europe, Part 1

The birth of the Third Way —a turn away from class-struggle politics and a compromise with neoliberaism—and how it shaped the Eurozone.

Wells Fargo CEO Stumpf Tries to Brazen Out Fraud as Congressmen Call Wells a “Criminal Enterprise,” Demand Breakup

Stumpf has another deservedly bad day in the Congressional hot seat.

CalPERS General Counsel Matt Jacobs Lies to Board, and Staff Abuses Authority, to Stymie Public Input

Why general counsel Matt Jacobs’ record of misrepresentations, omissions, and slipshod advice makes him a danger to CalPERS.

Wells Fargo CEO Stumpf, Head of Community Bank Hit With Multi-Million in Clawbacks: Labor Department Opens

Wells Fargo’s board acts against CEO John Stumpf right before a House hearing. Is this to blunt the interrogation or to save his hide?

Wolf Richter: “Negative Growth” of Real Wages is Normal for Much of the Workforce, and Getting Worse – New York Fed

The Fed ‘s creative euphemisms for how real wages are sinking for many won’t keep threats like Trump at bay.

The Nobel Prize in Economics: How It Took a Hard Neoliberal Turn

How the so-called Nobel Prize in economics came to validate neoclassical thinking, even as it failed in Sweden.

Law Firm for Private Equity Fund Managers Points Out That California “Transparency” Bill AB 2833 is a Big Fail

Yet more evidence that AB 2833, a supposed private equity reform bill sponsored by California Treasurer John Chiang, was a cynical ploy.