EU officials reached an historic agreement to create a single agency to handle failing banks. Attention has focused on the agreement involving the single resolution mechanism (SRM). But the real story is the heightened threat of a deal that now authorizes both bailouts and “bail-ins” – the confiscation of depositor funds.

Greg Palast is skilled at peering behind the rhetoric. But in tearing into Senator Elizabeth Warren’s support of postal financial services, he has done a serious disservice to the underdogs – both the underbanked and the US Postal Service itself.

A comment to my eminent domain article merited a detailed response, so I sent it to Professor Robert Hockett, the Cornell University law professor who was the principal author of the Richmond plan. His answer is worth reading...

In a nearly $13 billion settlement with the US Justice Department in November 2013, JPMorganChase admitted that it, along with every other large US bank, had engaged in mortgage fraud as a routine business practice, sowing the seeds of the mortgage meltdown.

The credit card business has become Banking's most lucrative pursuit of the banking industry. Banking was once about taking deposits and making commercial and residential loans. But in recent years “credit card earnings have been almost always higher than returns on all commercial bank activities.”

Another great video from Rudy Avizius and Mike Krauss...

“Epic in scale, unprecedented in world history.” That is how William K. Black, professor of law and economics and former bank fraud investigator, describes the frauds in which JPMorgan Chase has now been implicated.

Governor Jerry Brown and his staff are exchanging high-fives over balancing California’s budget, but the people on whose backs it was balanced are not rejoicing. The state’s high-wire act has been called “the ultimate in austerity budgets.”

December 23, 2013, marks the 100th anniversary of the Federal Reserve, warranting a review of its performance.

Ellen Brown discusses the "big disaster" that's on it's way. She discusses 'bail-ins' coming where depositors' money will be legally taken.

December 23rd marks the 100th anniversary of the Federal Reserve. Dissatisfaction with its track record has prompted calls to audit the Fed and end the Fed. At the least, Congress needs to amend the Fed, modifying the Federal Reserve Act to give the central bank the tools necessary to carry out its mandates.

If the Trans-Pacific Partnership passes, a few transnational corporations will soon not only control food, but will also wield undue influence over our environment, economy and health

Costa Rica the only country in the region in which public banking clearly predominates.

Ireland could fix its budget problems by leaving the Eurozone.

What triggered the 2008 crisis was a run, not in the conventional banking system, but in the “shadow” banking system.

What has pushed the USPS into insolvency is an oppressive 2006 congressional mandate that it prefund healthcare for its workers 75 years into the future.