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...

Yes, Virginia, Banks Really Are the Bad Guys

Banks emitA friendly tone;At least untilYou want a loan. I have here in my hand, as Sen. Joe McCarthy used to say about alleged communist evidence, a bona-fide “Delivery Authorization” from Wachovia Bank (“a Wells Fargo Company”). They’ve...

Injustice Served

Bradley Birkenfeld, who is serving time in a Pennsylvania federal prison for his role in Swiss-bank tax evasion schemes that he exposed, is now petitioning President Obama for clemency. He submitted his clemency application on tax day, arguing that he has worked with...

Wall Street Gets It

I don’t know why people, even smart people, keep saying that bankers and the rest of the Wall Street crowd don’t get it. Dana Milbank, writing in The Washington Post, said it just the other week after Lloyd Blankfein, the Goldman Sachs chairman, testified...

Record Bank Profits and the American Dream Foreclosed

JP Morgan Chase launched the 2010 Wall Street Bonus Sweepstakes last month. The bank is still losing money on consumer services, but well-heeled investors and financial traders more than made up the difference. The bank announced $11.7 billion in profits and $26.9...