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...
Coddling the 10 Percent

Coddling the 10 Percent

Another way that the rich are different from you and me is that their bankers serve them freshly baked chocolate-chip cookies. The ├╝ber-rich, of course, are used to such coddling, but now a class of customers that bankers have dubbed the “mass affluent”...
Move Your Money to a Better Bank

Move Your Money to a Better Bank

During 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...
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,...

America’s Housing Paradox

My whole life’s Been in a trough; Since my apartment Got sold off. As the Bible pointedly reminds us, rains fall alike upon the just and the unjust. Nowhere is this axiom more pointed than in securing a place to live. Sure, maybe some of those luckless...