Category Archives: Financial Industry

Change.org: “Victory against big banks!”

“Score one for a customer rebellion!” — that’s how Diane Sawyer announced on ABC Nightly News Friday night that big banks are backing off debit card fees after 300,000 people signed Molly Katchpole’s Change.org petition against Bank of America’s $5 debit

Change.org: “Victory against big banks!”

“Score one for a customer rebellion!” — that’s how Diane Sawyer announced on ABC Nightly News Friday night that big banks are backing off debit card fees after 300,000 people signed Molly Katchpole’s Change.org petition against Bank of America’s $5 debit

16,090 Signatures and Vera Johnson saves her home and business from foreclosure.

Not too long ago, I shared Vera Johnson’s story along with a link to sign her petition on Change.org to stop the bank from foreclosing on her home and business of 32 years. Today, Vera Johnson is victorious, proving the

16,090 Signatures and Vera Johnson saves her home and business from foreclosure.

Not too long ago, I shared Vera Johnson’s story along with a link to sign her petition on Change.org to stop the bank from foreclosing on her home and business of 32 years. Today, Vera Johnson is victorious, proving the

Case study shows Moody’s credit rating agency at the heart of the financial crisis starting in 2004.

We’ve given much attention to S&P and the prospect of Moody’s following S&P’s lead with the second cardinal sin behind a debt default, a downgrade. Historically, however, all this began the other way around when S&P followed Moody’s in an

Case study shows Moody’s credit rating agency at the heart of the financial crisis starting in 2004.

We’ve given much attention to S&P and the prospect of Moody’s following S&P’s lead with the second cardinal sin behind a debt default, a downgrade. Historically, however, all this began the other way around when S&P followed Moody’s in an

Another Loophole. $3.6 Trillion from foreign depositors in US banks non-taxable.

While the GOP continues its death march on the the middle-class, seniors, youth, the poor (which covers most of us), making Sherman’s “march to the sea” across the South pale in comparison, the IRS is looking at ways to get

Another Loophole. $3.6 Trillion from foreign depositors in US banks non-taxable.

While the GOP continues its death march on the the middle-class, seniors, youth, the poor (which covers most of us), making Sherman’s “march to the sea” across the South pale in comparison, the IRS is looking at ways to get

Wall St set for higher open after JPMorgan results | Reuters

Must be that tax loophole — you know the one I’m talking about. The one where mega industries don’t have to pay taxes like the rest of us. JP Morgan must have heard from Boehner over the weekend telling the

Wall St set for higher open after JPMorgan results | Reuters

Must be that tax loophole — you know the one I’m talking about. The one where mega industries don’t have to pay taxes like the rest of us. JP Morgan must have heard from Boehner over the weekend telling the

Banks see Durbin Amend as PAC-Man to ATMs

Banks are not liking the impact of the Durbin Amendment (Dodd Frank Act) and the new laws that attempt to put the brakes on them overcharging you and me ridiculous bank fees. Not to worry, they’ve got lots of remedies

Banks see Durbin Amend as PAC-Man to ATMs

Banks are not liking the impact of the Durbin Amendment (Dodd Frank Act) and the new laws that attempt to put the brakes on them overcharging you and me ridiculous bank fees. Not to worry, they’ve got lots of remedies

Causes of Middle East Unrest. Let’s Look West | Sheldon Motley

| by Sheldon Motley | While some of the old elite in Egypt will be pushed out and some of the necessary reforms will be put into place, practices and policies in the West that help create poverty and then

Causes of Middle East Unrest. Let’s Look West | Sheldon Motley

| by Sheldon Motley | While some of the old elite in Egypt will be pushed out and some of the necessary reforms will be put into place, practices and policies in the West that help create poverty and then

McConnell and Boehner Cannot Afford to Compromise

I watched the above video and I have to say that I disagree that both sides are polarized.The American people have watched and listened as President Obama has stated – ad nauseam — his intentions to work together with the GOP.

McConnell and Boehner Cannot Afford to Compromise

I watched the above video and I have to say that I disagree that both sides are polarized.The American people have watched and listened as President Obama has stated – ad nauseam — his intentions to work together with the GOP.

Dems Pass Bill to help Small Businesses. Reps Pass Out Pledge to Keep Bush Economic Meltdown Growing

This week’s scorecard may not be perfect, however, we can still celebrate. Democrats achieved a significant win for small businesses, the backbone of our economy, by passing a bill that provides real assistance: Specifically, small businesses will get: $12 billion in

Dems Pass Bill to help Small Businesses. Reps Pass Out Pledge to Keep Bush Economic Meltdown Growing

This week’s scorecard may not be perfect, however, we can still celebrate. Democrats achieved a significant win for small businesses, the backbone of our economy, by passing a bill that provides real assistance: Specifically, small businesses will get: $12 billion in

President Obama Appoints Warren to Lead Consumer Financial Protection Bureau

Victory is Ours! We did it! Today, President Obama will name Elizabeth Warren to lead the Consumer Financial Protection Bureau — and become a White House economic adviser with direct access to the President. Join with Bold Progressives and sign

President Obama Appoints Warren to Lead Consumer Financial Protection Bureau

Victory is Ours! We did it! Today, President Obama will name Elizabeth Warren to lead the Consumer Financial Protection Bureau — and become a White House economic adviser with direct access to the President. Join with Bold Progressives and sign

GOP Strategy: Distract Democrats and Restore Bush Policies

The Washington Post reported late last night that Republicans are determined to keep in place the Bush policies we fought so hard to get out from under. The policies that have driven this country to the edge of the cliff

GOP Strategy: Distract Democrats and Restore Bush Policies

The Washington Post reported late last night that Republicans are determined to keep in place the Bush policies we fought so hard to get out from under. The policies that have driven this country to the edge of the cliff

Call John Boehner and Just say No to Repeal of Financial Reform

It looks like every week we get — and I send — requests to call our legislators to support one action after another. That’s fine. We’re engaged and need to stay engaged. But after listening to Congressman John “The Tanned

Call John Boehner and Just say No to Repeal of Financial Reform

It looks like every week we get — and I send — requests to call our legislators to support one action after another. That’s fine. We’re engaged and need to stay engaged. But after listening to Congressman John “The Tanned

CREDO Action to Congress: Close the Hedge Fund Loophole!

CREDO, along with MoveOn.org and other progressive organizations, has issued a call to action about one of the of the most egregious tax loopholes, the “hedge fund loophole.” This loophole allows for money mangers, some of whom earn more than

CREDO Action to Congress: Close the Hedge Fund Loophole!

CREDO, along with MoveOn.org and other progressive organizations, has issued a call to action about one of the of the most egregious tax loopholes, the “hedge fund loophole.” This loophole allows for money mangers, some of whom earn more than

Move Your Money Campaign Heats Up. Should we Wait for Reform or Move our Money Now?

On June 9, MSNBC Business Journal reported that, “According to the Credit Union National Association (CUNA), more than 1.2 million Americans joined a credit union in 2009. … Memberships increased more than one-and-a-half times faster than the growth in the

Move Your Money Campaign Heats Up. Should we Wait for Reform or Move our Money Now?

On June 9, MSNBC Business Journal reported that, “According to the Credit Union National Association (CUNA), more than 1.2 million Americans joined a credit union in 2009. … Memberships increased more than one-and-a-half times faster than the growth in the

Wall Street Banking Bill in Senate’s Hands. Tell them to Stand for the People.

I went to fill up my car today and gas jumped from $2.85 to $3.07 a gallon.  It really gets under my skin when I see how much money I am shelling out for everyday items and then hear GOP

Wall Street Banking Bill in Senate’s Hands. Tell them to Stand for the People.

I went to fill up my car today and gas jumped from $2.85 to $3.07 a gallon.  It really gets under my skin when I see how much money I am shelling out for everyday items and then hear GOP

CT’s Finances … “Protecting a Deeply Flawed Sacred Cow”

Faced with the greatest financial crisis of our lives, does it really make sense to be giving CT’s wealthiest towns money when we are cutting vital state services. OP-ED: Municipal Aid…Protecting a Deeply Flawed Sacred Cow by Jonathan Pelto |

CT’s Finances … “Protecting a Deeply Flawed Sacred Cow”

Faced with the greatest financial crisis of our lives, does it really make sense to be giving CT’s wealthiest towns money when we are cutting vital state services. OP-ED: Municipal Aid…Protecting a Deeply Flawed Sacred Cow by Jonathan Pelto |