12 Jun 2015

What’s the Connection Between TBTF Bank Arrogance and the TPP?

At first glance, the secretive Trans-Pacific Partnership (TPP), which was drafted by corporate lawyers and lobbyists, and the arrogance of the too-big-to-fail (TBTF) banks may seem like unrelated events. But what if this arrogance hinted at a building confidence that average people worldwide would now be more accountable to corporations

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09 Jun 2015

With Friends Like These, Who Needs Enemies: Here Are the Public Enemies of Individual Investors

Being an individual investor today is tough. Not only do you have to suffer through increased market volatility, a low-return environment, worrying about job security and whether you will get a raise, but now there is another new source of concern: your financial services industry trade association. While the vast

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09 Jun 2015

Banking with the Felons

If the media and financial services industry ever needed more evidence about why investor confidence in the financial system is so low, they do not have to look far. The U.S. Justice department today said that six banks will be forced to plead guilty to price fixing and anti-trust violations

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09 Jun 2015

Anatomy of a Financial Fraud—BNY Mellon’s Currency Manipulations

Financial fraud is a large, profitable business, but you would never know that reading the financial press. That’s because banks and investment firms perpetuating these frauds, aka “perps” on “Law and Order,” are so ingrained into the nation’s financial services fabric that criticizing them is verboten in the mainstream financial

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09 Jun 2015

Fool’s Mate for Individual Investors

Fool’s mate happens in chess when a player, often a novice, is boxed into a position where any action leads to defeat. That’s the case for individual investors today as evidenced by news stories involving two of the nation’s largest financial institutions. Taken together, these events involving JP Morgan, with

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09 Jun 2015

Financial Journalism’s Objectivity Problem

Objectivity in the media has always been a very debatable and contested issue even among the most experienced professional journalists and academics, but so far those discussions have centered on everyday beat and political reporting, and not financial journalism. That’s a mistake because financial journalism today, especially as it is

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30 Apr 2015

Class Warfare in Baltimore

The corporate media routinely admonishes violent protests, even as it ignores the undisputed historic role excessive politically-motivated behavior has been in causing fundamental political-economic change. Media coverage of the events unfolding in Baltimore connected with the death of Freddie Gray, a 25-year-old black man , carry a familiar theme: protestors gather to demonstrate their

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14 Apr 2015

Meet the Corporate Tax Evaders

Corporate tax evasion reaches a new pinnacle. America’s largest corporations hold themselves out as the paragon of citizenship and patriotism, yet when it comes to doing their biggest civil duty–paying taxes–too many of the nation’s largest corporations are traitors and deserters. Now, it looks like the U.S. Department of Homeland

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29 Aug 2014

The False Premise of Retirement Planning

The financial media is replete with articles about why more Americans are failing to accumulate enough wealth for retirement.  There are many seemingly viable answers, but the problem is that they all come from the monolithic perspective of the financial services industry: investment firms, banks, financial planners, investment counselors and

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02 Jul 2014

Millenials Want Social Security Benefits to Remain At Current Levels, Pew Research Finds

While Social Security has become a political football in Washington, Americans still regard it as the corner stone of their retirement and are very concerned about it future financial health. A Pew Research Center for the People & the Press report, the Millenials in Adulthood report, found just 14 percent

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