Tag "Great Recession"

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Wells Fargo board shake-up shows failure of damage-control push

Events of the past week show Wells Fargo’s attempts to put a huge scandal behind it by paying a $185 million penalty and settling a class-action lawsuit for $142 million have failed because of fresh evidence of corporate malfeasance – grim news

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CEO out, but heat still building on Wells Fargo

John Stumpf abruptly resigned Wednesday as CEO and chairman of the scandal-torn San Francisco-based banking giant Wells Fargo. But much more fallout is expected over the revelation last month that Wells Fargo had fired 5,300 employees for fraudulently signing up customers

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Kashkari makes splash in new job with Fed

California’s 2014 Republican gubernatorial nominee Neel Kashkari has dropped a bombshell in his new job as president of the Minneapolis Federal Reserve. In a speech at the Brookings Institution in Washington, D.C., the 42-year-old former PIMCO executive and Orange County

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Santa Cruz County targets felonious Wall Street banks

Millions of Americans — mostly but not entirely on the political left — remain furious that Wall Street giants were protected by the political class from catastrophe during the Great Recession even though their dangerous credit and lending practices were

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U.S. self-employed businesses crashing 6

May 10, 2013 By John Seiler New data show a continued sharp decline in self-employed businesses in the United States. This is another indication that the “recovery” from the Great Recession is bogus. Things only are slightly less bad than

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Economic Decline Accelerating 4

John Seiler: The recent phony budget deal that Gov. Jerry Brown signed into law anticipated $4 billion in extra revenues from a booming economy. Oops. All the indicators coming out show that the economy is declining again, meaning tax revenues

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