New Orleans I’ve never been a fan of Wells Fargo. We fought them endlessly over predatory lending practices in mortgages and subprime products. They don’t listen, they obfuscate, stonewall, and hide behind layers of lawyers in stubborn refusal even when faced with evidence of clear misdeeds. We were able to fight Citicorp, Bank of America, …
Tag: Citicorp
How can Billion Dollar Fines be Little More Than Water off a Duck’s Back?
New Orleans I hate to admit it, but to me a billion dollars still seems like a whole lot of money. Unfortunately, I’m afraid saying so makes me hopelessly hide bound and old school. Why? Because the government seems to be passing out billion dollar fines like candy to banks, utility companies, oil …
LIBOR: Banking as a Criminal Conspiracy
Little Rock Put London and banking in the same phrase, squeeze it into an acronym and snores start rising from nodding heads all around the world, and that’s too bad, because the LIBOR scandal that has erupted at Barclay’s and in Parliament will engulf the big US-based banks like Chase and Citicorp and might finally …