Bank of America’s Healthier Roots

Bank of America’s Healthier Roots

The father of Bank of America wouldn’t recognize it today. The “built-to-last” institution he founded has turned into a “built-to-loot” operation obsessed with short-term gains. Amadeo P. Giannini built Bank of America into the first...
Illegal Foreclosure Epidemic

Illegal Foreclosure Epidemic

Two-year-olds often go running around the house too wildly and crash into something. They get an “ouchie” and fall down crying, but they learn from it. That’s the virtue of the “ouchie” that Bank of America, Goldman Sachs, JPMorgan Chase,...

Toxic CEO Pay Story

As a critic of runaway CEO pay, I have a lot of scars from debates I’ve done on cable TV business shows. But my most memorable pummeling was in August 2007, when I nearly got my head bitten off for criticizing Countrywide Financial CEO Angelo Mozilo on the CNBC...
Banks Profit While Our Farmers Fail

Banks Profit While Our Farmers Fail

Bruce Drinkman is a successful organic dairy farmer who milks 50 cows with his wife, Mari, near Glenwood City, Wisconsin. Despite his 34 years of experience, the two-year drop in milk prices and four years of drought have meant no profits or savings. Last fall they...