big banks

Watch: Democratic congresswoman corners billionaire CEO Jamie Dimon over pay disparity at JP Morgan Chase — and leaves him speechless

Jamie Dimon, CEO of JPMorgan Chase, is among the wealthiest Americans in the banking sector. And Rep. Katie Porter of California, questioning Dimon this week, pointed out just how great the disparities can be between Dimon’s pay and the salaries of some of his employees.

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Why the Public Must Understand How Our Monetary Systems Work

Left Out, a podcast produced by Paul Sliker, Michael Palmieri, and Dante Dallavalle, creates in-depth conversations with the most interesting political thinkers, heterodox economists, and organizers on the Left. 

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I Was Detained in a Hellish Private Prison - And Wall Street Corporations Are Behind It All

I came to the United States from Honduras in 2016, seeking asylum after being viciously assaulted because I’m gay. I immigrated seeking safety, to be treated like a human being regardless of my sexual orientation. Instead, as soon as I crossed the border, I was thrown into a private immigrant detention center in Arizona, where I was stripped of my humanity.

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Jim Hightower: How Low Can the Barons of High Finance Go?

Question: What do you get when you combine ignorance, ideological know-nothingism, imperiousness and incompetence? Answer: Betsy DeVos.

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The GOP Just Blocked Americans from Filing Class Action Suits Against Predatory Banks

Republicans in the U.S. Senate held a vote late Tuesday to overturn a new regulation that would have permitted class-action lawsuits against credit card companies and large banks.

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How Can Teachers Unions Survive in the Era of Trump and DeVos? Try Bargaining for the Common Good

Even as the labor movement faces an existential threat in the Trump era, a growing number of unions are uniting with community organizations to challenge economic and racial injustice and demand corporate accountability. The alliances, which have taken root in Chicago, St. Paul and Los Angeles among other cities, show what unions are capable of—and why the right wing is so intent on weakening them.

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One Simple Thing Donald Trump Could Do That Would Make a Huge Difference - But Will He?

Donald, listen, whatever you’ve done so far, whatever you’ve messed up, there’s one thing you could do that would make up for a lot.  It would be huge!  Terrific!  It could change our world for the better in a big-league way!  It could save us all from economic disaster!  And it isn’t even hard to grasp or complicated to do.  It’s simple, in fact.  Reinstitute the Glass-Steagall Act. Let me explain.

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The Thom Hartmann Show: Extreme Vetting for People, but Not for Banks

Thom Hartmann: Welcome back. Thom Hartmann here with you, and I'm very pleased to have on the line with us Professor William Black. He's a Professor of Economics and Law at the University of Missouri, Kansas City, the author of The Best Way to Rob a Bank is to Own One. Professor Black is a former bank regulator who led investigations into the Savings and Loan crisis in the eighties. He blogs or writes for neweconomicperspectives.org and you can tweet him at WilliamKBlack. Professor Black, welcome back to the program.

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How Goldman Sachs Sacked Washington

Irony isn’t a concept with which President Donald J. Trump is familiar. In his Inaugural Address, having nominated the wealthiest Cabinet in American history, he proclaimed, “For too long, a small group in our nation's capital has reaped the rewards of government while the people have borne the cost. Washington flourished—but the people did not share in its wealth.” Under Trump, an even smaller group will flourish—in particular, a cadre of former Goldman Sachs executives. To put the matter bluntly, two of them (along with the Federal Reserve) are likely to control our economy and financial system in the years to come.

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3 Things to Know to Hold Wells Fargo Accountable for Big-Time Fraud

Just about everyone wants to hold Wells Fargo accountable for a scheme in which sales quotas drove employees to set up phony credit card and bank accounts without customer knowledge. A Donald Trump adviser declared the behavior “stupid” and “greedy,” while Hillary Clinton proposes to make it easier for consumers to take companies to court for such behavior. So far, Wells Fargo has fired over 5,000 regular workers and the Consumer Financial Protection Bureau has fined the bank $185 million. “Hold Wells Fargo Accountable” even has its own Facebook page.

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