| Jun 25, 2012 | Economy / BusinessBig banks are A special breed, Raised and trained To honor greed. This corrupt banking system of ours is a wonder. Sure, it’s important to have a safe place to squirrel away money, get a loan or credit card, and earn a little interest. In the old days, we even...
| May 14, 2012 | Economy / BusinessThe 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...
| | Economy / BusinessAnother way that the rich are different from you and me is that their bankers serve them freshly baked chocolate-chip cookies. The über-rich, of course, are used to such coddling, but now a class of customers that bankers have dubbed the “mass affluent”...
| Dec 19, 2011 | Economy / BusinessDuring a key scene in the classic holiday film It’s A Wonderful Life, savings-and-loan proprietor George Bailey, played by Jimmy Stewart, memorably explains to the townspeople how his business works – that he’s not sitting on piles of money just...
| Aug 15, 2011 | Economy / BusinessTwo-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,...
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