How Citigroup wrote the US budget and effectively repealed the Dodd-Frank bank reforms (video)


On 5 December 2014 the US congress approved an “omnibudget” that included provisions drafted by the banking behemoth Citigroup that repealed a key part of the Dodd-Frank Act banking reforms requiring banks to place their high risk derivatives businesses into … Continue reading

Only one low level banker sent to jail (for stupidity) – US Att Gen Eric Holder’s justice for none (video)


The telling sentence in NPR’s report that US attorney general Eric Holder plans to step down once a successor is confirmed came near the end of the story. “Friends and former colleagues say Holder has made no decisions about his … Continue reading

Investment banks & bankers: too big (headed) to jail (video)


John Oliver on the travesty of justice that is banks and bankers negotiating with regulators to pay ‘huge’ fines (in reality no more than a few days worth of sales) for committing financial crimes rather than serving jail time. To add insult … Continue reading

Inside Job: Why ‘banker bashing’ MUST continue until we have real regulatory control of the financial system (video)


If you haven’t seen the film Inside Job yet then whatever you think you know about the financial crisis and its causes is probably wrong. The video* below is NOT the whole film – it consists of the trailer and background interviews … Continue reading

The problem with investment banking (part 1)


The Problem with Investment Banking (Part 1) Bankers would like us to believe that what they do is fantastically sophisticated and requires huge talent and massive intellectual prowess. It is on these largely false grounds that they try to persuade us … Continue reading