Tag Archives: Yves Smith

Bank on BofA ripping you off


Matt Taibbi starts his new Rolling Stone article with a Shock and Awe-style barrage of over-the-top analogies: At least Bank of America got its name right. The ultimate Too Big to Fail bank really is America, a hypergluttonous ward of … Continue reading

Posted in economic collapse, Great Recession, mainstream media, Occupy Wall Street, The New Depression | Tagged , , , | 4 Comments

Obama dumps Warren, keeps streak alive


If political betrayals were base hits, Barack Obama would be approaching the record for hits in most consecutive games. This week he kept the streak going by not nominating Elizabeth Warren to head the Consumer Financial Protection Bureau, the federal … Continue reading

Posted in CFPB, Great Recession, mainstream media, Obama, Politics, Wall Street | Tagged , , , , , | 2 Comments