Tag: banks

Occupy Homes MN Victory: Developing a Cure for Bank Blight?

This story orginally appeared on the website for Occupy Homes MN (Minnesota). By Susan Kukichi and Anthony Newby After a five-year battle over now-illegal lending practices, a bank error that dropped her from a loan modification program, and a campaign with Occupy Homes MN, north Minneapolis homeowner Ruby Brown has received a mortgage renegotiation from…

Jail the Banksters!

by Stephanie Hampton The truly powerful feed ideology to the masses like fast food while they dine on the most rarified delicacy of all: impunity. ~ Naomi Klein The two-tiered justice system in the United States is made crystal clear in its special treatment of financial sector crimes. If a man should commit the victimless…

Small Meetings, Germinating the Seeds of Democracy

By Vargus Pike There is a side of the Occupy movement that does not consist of street marches and confrontations with police. It doesn’t involve the occupation of parks or shipyards. It is a side that receives little to no press, but in the end may be one of the most important aspects of the…

Poems by David S. Pointer

by David S. Pointer Basic Peace Plan Burst top banking erupts not as an idle volcano, but as an active friend oozing collegiality into woozy lands brimmed by poverty coughing the dusty past days of decaying centuries frail with invaders, investors, and others waving a vast welcome under the cool crush of the ongoing smile…

This Week in Banking News, Friday, December 23rd.

    Paul Volcker, the economist after whom the rule is named.   This is a new weekly feature by Occupier staff.   Bank of America paying for the sins of its subsidiary: The largest fair practice settlement in history is still too small if it doesn’t come with a formal admission of wrongdoing. Bank…

The Die Is Cast

Last month we published an article concerning the most recent downgrade of the Bank of America Corporation, or BAC, by the credit rating agency Moody’s. The downgrade had triggered a demand for further collateral by the bank’s counterparties–that is, security for those with something to lose should the bank go under. The collateral offered was…