Banking

(Afterwords) – Five banks control half of all U.S. financial assets, and six conglomerates control 90 percent of our media. Monopolies aren’t merely un-American — they’re virulently anti-American. They suppress our fundamental values of fairness and opportunity for all. Our people have instinctively rebelled at monopoly avarice — from the Boston Tea Party to the […]

Banking

A coming Crash? Massive Bank deregulation and a Trump-appointed Fed: What could go Wrong?

contributors

Trump has appointed more members of the Fed board than any president since Woodrow Wilson

Banking

The Great Trump Bubble

Juan Cole

Nomi Prins | ( Tomdispatch.com) | – – There’s been lots of fire and fury around Washington lately, including a brief government shutdown. In Donald Trump’s White House, you can hardly keep up with the ongoing brouhahas from North Korea to Robert Mueller’s Russian investigation, while it already feels like ages since the celebratory mood […]

Banking

Treasury Sec. Mnuchin is just an Enforcer for the 0.1%

contributors

By Nomi Prins | ( Tomdispatch.com) | – – Treasury Secretary Steven Mnuchin doesn’t exactly come across as the guy you’d want in your corner in a playground tussle. In the Trump administration, he’s been more like the kid trying to cop favor with the school bully. That, at least, is the role he seems […]

Banking

Top 4 Things Paradise Papers tell us about Super-Rich

contributors

Tax avoidance is a booming industry

Banking

Trump could reform the Banks, or start 2nd Great Depression; Which is most Likely?

contributors

By Nomi Prins | ( Tomdispatch.com 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! […]

Banking

From ‘Draining the Swamp’ to Bankocracy: All Trump’s Betrayals

contributors

By Nomi Prins | ( Tomdispatch.com | – – 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 […]

Banking

America’s Rigged Casino of Wealth and Power: Trump’s New Gilded Age

contributors

By Sam Pizzigati | ( Inequality.org In the years right after World War II, average Americans got ahead. Now Americans are getting headaches — from a ferociously top-heavy distribution of the nation’s income. In every society, some people hold more wealth than other people. Every society, in other words, has a rich. But not every […]

Banking

Why couldn’t the Corporate Old Boys’ Network Stop Trump?

contributors

By Johan Chu & Jerry Davis | (The Conversation) | – – If corporate money controls our politics, as Bernie Sanders and others have claimed, then how did the Republican Party – the reputed party of business – manage to nominate a candidate whom almost no one in Big Business supports? And why have so […]