Warning: More Bank Bailouts Possible

One area I haven't commented on much is the ongoing European "debt crisis".  The Greek debt crisis is a part of it, but it's only the tip of the iceberg.  The roots are much deeper.  One reason I haven't commented is because it's fairly complex and requires a lot of background explanation which I haven't … Continue reading Warning: More Bank Bailouts Possible

Too Big to Fail Should Be Too Big to Exist

Against Monopoly has a great graphic that shows a big part of the problem with our financial sector and our economy. The four banks shown above are the four largest banks in the U.S.: JP Morgan Chase, Citi, BofA, and Wells Fargo.  Together they dominate the financial industry. If you add in Goldman Sachs and … Continue reading Too Big to Fail Should Be Too Big to Exist

Finally Some Justice for a Homeowner

This from WFMY TV Channel 2 in Florida: Have you heard the one about a homeowner foreclosing on a bank?  Well, it has happened in Florida and involves a North Carolina based bank. Instead of Bank of America foreclosing on some Florida homeowner, the homeowners had sheriff's deputies foreclose on the bank. It started five months ago … Continue reading Finally Some Justice for a Homeowner