Monday, 16 April 2012


Committing Financial Suicide to Appease Big Finance

By Mike Whitney


This is fiscal suicide authored by rightwing fanatics who want to use the ongoing crisis to impose their own business-friendly economic model on Europe. 





By Paul Gilding at TED2012

“The Earth is full.” It’s a terrifying concept. Have we really strained, mined and otherwise depleted the planet’s resources to the point where social collapse is inevitable? Gilding believes we have, and he launches into a defense of that notion. 


Consumer Bureau Declines to Resist Upfront Credit Card Fees: The agency, the Consumer Financial Protection Bureau, introduced a proposal that would make it easier for credit card issuers to charge fees before borrowers’ accounts were officially open.


Charities act to feed 'starving' in Britain: Charities say economic situation has severely affected thousands of people to the point of starvation.


Million Fine For 'Reprehensible' Handling Of One Mortgage: A federal bankruptcy judge in the Eastern District of Louisiana, characterized as "highly reprehensible" Wells Fargo's behavior over more than five years of litigation with a single homeowner and ordered the bank to pay the New Orleans man a whopping $3.1 million in punitive damages, one of the biggest fines ever for mortgage servicing misconduct.