big banks

By Offering Basic Banking Services, the Post Office Could Help Poor People and Save Itself

By Offering Basic Banking Services, the Post Office Could Help Poor People and Save Itself
A new government agency report has shown that if the U.S. Postal Service offered banking services to customers, many jobs and billions of dollars would be saved. And it can be transformed through executive order.
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Despite Big Bank Threats, CA City Approves 'Eminent Domain for the People'

Despite Big Bank Threats, CA City Approves 'Eminent Domain for the People'
The city council of Richmond, California on Wednesday approved a bold plan to use the authority of the municipal government's 'eminent domain' laws to help underwater homeowners.
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Bank Steals All of Woman's Possessions, Won't Replace Them

Bank Steals All of Woman's Possessions, Won't Replace Them
Katie Barnett of MacArthur, Ohio, returned from her vacation to find her home broken into and all of her belongings gone. It turns out First National Bank in Wellston are the one's who broke into her house and took her belongings . . . after they foreclosed on her house instead of the house across of the street. The bank now refuses to replace what they took and the police won't press charges.
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Debit Card Pay Checks: Low Wage Workers Lose Out, Banks Win

Debit Card Pay Checks: Low Wage Workers Lose Out, Banks Win
At first glance, issuing debit cards instead of paychecks might seem like a helpful option for “underbanked” low-wage employees, who may not have bank or checking accounts. However, bank charges and fees are tacked on when workers use them. These charges take unwelcome bites out low-wage earners' already tiny income and add to the enormous bottom line of the banks.
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UPDATE: Man Faced 13 Years in Prison For Protesting a Bank With Chalk

UPDATE: Man Faced 13 Years in Prison For Protesting a Bank With Chalk
A man who used children's chalk to write "No Thanks Big Banks" and "Shame on Bank of America" on San Diego sidewalks outside of Bank of America branches is facing up to 13 years in prison and $13,000 in fines. Jeff Olson was also hit with a gag order in his trial, as the judge makes sure the proceedings are about vandalism and not free speech — despite outcry from San Diego's mayor.
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Iraq's Inevitable Oil Boom Inevitably Attracting Global Banks

Iraq's Inevitable Oil Boom Inevitably Attracting Global Banks
Citigroup Inc. is set to become the first American bank to open an office of its own in Baghdad, highlighting financial firms' growing interest in Iraq a decade after the U.S.-led 2003 invasion.
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Adam Schreck
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Congress Too Lazy to Write Bill, Copies Citigroup's Instead

Congress Too Lazy to Write Bill, Copies Citigroup's Instead
When five mega-companies control 90-percent of a $700 trillion market, it's safe to say that they can afford some pretty good lobbyists in Washington. According to a report from Mother Jones released on Friday, however, Citigroup's influence on Capitol Hill is so strong that the House financial services committee passed legislation that was practically plagiarized from a proposal drafted by the bank's lobbyists.
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Brandon Perkins
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Robert Reich: It's Time to Break Up the Banks

Robert Reich: It's Time to Break Up the Banks
The biggest Wall Street banks are now far bigger than they were four years ago when they were considered too big to fail. The five largest have almost 44 percent of all U.S. bank deposits.
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