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Wells Fargo Literally Bills Elderly Man to Death With Wrong Mortgage
Areej Elahi-Siddiqui in Banks 2 months ago
After acknowledging they had overbilled an elderly homeowner on his mortgage, Wells Fargo still foreclosed on his house. And that's not even the worst part.
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- 29 Comments
- 172 Shares
Goldman Exec Crushes GS Culture in New York Times
Editorial Board in Banks 1 year ago
Greg Smith, the head of Goldman Sachs' equity derivatives business in the U.S., published a crushing expose of Goldman's culture in a letter to the New York Times.
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- 57 Comments
- 8 Shares
Why Do Elite Harvard, Princeton, and Ivy League College Students Still Go Into Finance?
Jordan Wolf in Banks 1 year ago
In 2011, 35% of the Princeton senior class went into finance, showing that finance is still a boom industry that flourishes in our increasingly narcissistic culture.
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- 21 Comments
- 2 Shares
Jamie Dimon JP Morgan Chase $2B Loss Highlights the Need for Financial Regulation
Alex Marin in Banks 1 year ago
As Mitt Romney makes the case for less government regulation as paramount to accelerate the economic recovery, a new $2 billion loss by JP Morgan Chase highlights the need for the Volcker Rule.
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- 37 Comments
- 5 Shares
Despite JPMorgan Losses, President Obama's Government Regulation Agenda is Still Wrong
Will Hayworth in Banks 1 year ago
More federal financial regulation will prove ineffective in mitigating harm to our financial system from bad trades.
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- 62 Comments
- 4 Shares
An Austrian School Solution to the Problem of Fractional Reserve Banking
Hal Snarr in Banks 6 months ago
Free banking is inherently more secure and stable, but not as profitable as its ugly cousin, fractional-reserve banking.
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- 17 Comments
- 1 Shares
Facebook (FB) Stock Woes: Why the Facebook IPO Disaster Could Take Down the Entire California Economy
Jeanne Vickery in Banks 10 months ago
Like investors, California is getting bit by the Facebook IPO slump.
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- 53 Comments
- 3 Shares
Plain-English Explanation of the Barclays Bank LIBOR Scandal
Jeanne Vickery in Banks 11 months ago
While most Americans were spending their July 4 grilling, American Bob Diamond was getting grilled in the UK over Barclays' LIBOR practices. Here's why the LIBOR matters to millennials.
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- 8 Comments
- 7 Shares