Tag Archives: bank of america

10 giant corporations that don’t pay taxes

Exxon Mobil

In recent years, giant corporations have started a trend when it comes to paying taxes: the greater the profit, the lower the taxes they pay. Dissatisfaction has come from citizens, but also from public figures like senator Bernie Sanders and public advocacy group Citizens for Tax Justice. The nonprofit group conducted a report and found out that between 2008 and ... Read More »

Bank of America fined $17 billion for role in financial crisis

Bank of America

Bank of America, the second largest US lender is close to ending a landmark deal with US authorities to pay up to $17 billion – a record fine – to the Justice Department over its role in the 2007 financial crisis. If completed, it will be largest single compensation settlement, surpassing the $13 billion JPMorgan Chase agreed to pay in 2013. The ... Read More »

How 37 banks became 4

37 to 4 bank chart

If you were wondering how banks got “too big to fail,” here’s a good place to start. This chart shows us how, over the last couple of decades, 37 banks have became just 4 mega-banks. These same 4 mega-banks have, thus far, been immune to the consequences of any and all of their terrible decisions that places the entire world economy in jeopardy. ... Read More »

Anonymous strikes Wall Street CEOs, leaks personal information

Moneys_is_the_Root_of_all_Politics_-_Anonymous_Leaks_50,000_Wall_Street_IT_Personnel_Accounts

Declaring “the guilty must pay,” Anonymous has released 4.6 gigabytes of data detailing the personal information of Wall Street CEOs and other high level Wall Street executives. Links to the data began appearing via Twitter on March 2. AnonymousIRC, a popular Twitter account associated with the international hacktivist collective known as Anonymous, tweeted the following: 4.6GB .xml files on CEOs and Directors [Compressed to 520mb ... Read More »

The coming derivatives panic that will destroy global financial markets

panic button

When financial markets in the United States crash, so does the U.S. economy. Just remember what happened back in 2008.  The financial markets crashed, the credit markets froze up, and suddenly the economy went into cardiac arrest.  Well, there are very few things that could cause the financial markets to crash harder or farther than a derivatives panic.  Sadly, most ... Read More »

Bank of America to fire 16,000 by year end

Bank of America

Curious why nearly 4 years ago to the day Ben Bernanke and Hank Paulson told Ken Lewis to purchase Merrill Lynch “or else” (but to make sure everyone gets paid their bonuses bright and early with no cuts)? It certainly had to do with the stock price and preserving the wealth of the shareholders. It had little to do with ... Read More »

WikiLeaks bypasses financial blockade with Bitcoin

Julian Assange Visa Mastercard BOA Paypal

People shouldn’t fear their government; government should fear its people. Publishers and journalists will not be intimidated nor silenced. Now entering day 626 of the financial blockade against WikiLeaks, Julian Assange sits in the Ecuadorian Embassy in London awaiting safe passage. Following a massive release of secret U.S. diplomatic cables in November 2010, donations to WikiLeaks were blocked by Bank of America, VISA, MasterCard, ... Read More »

How your bank account could disappear

empty bank account

On the same morning we hear that Œ of Wall Street executives think that fraud is a necessary part of “doing business” in the financial sector, we hear of a second “MF Global”. The U.S.’s so-called regulators are now reporting that somewhere around $220 million in customer funds is “missing” at a financial institution known as PFGBest; once again closing the barn door after all the ... Read More »