Banking
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[edit] Banking
A bank is a financial institution that serves as a financial intermediary. http://en.wikipedia.org/wiki/Bank
The American Dream - Understanding Money and the Banking System The media player is loading...
The Swiss Federal Institute (SFI) in Zurich released a study entitled “The Network of Global Corporate Control” that proves a small consortiums of corporations – mainly banks – run the world. The banks found to be most influential include:
- Barclays
- Goldman Sachs
- JP Morgan Chase & Co
- Vanguard Group
- UBS
- Deutsche Bank
- Bank of New York Melon Corp
- Morgan Stanley
- Bank of America Corp
- Société Générale
[edit] Alternative Banking
The New York City General Assembly website has a section for a recently-formed Alternative Banking group, which has started meeting on Sundays from 3:00 to 5:00 PM. You can read the notes from last week’s session
http://www.nycga.net/groups/alternative-banking/docs/ows-alt-banking-meeting-minutes-23-october-2011
[edit] TARP (Troubled Asset Relief Program)
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector that was signed into law by U.S. President George W. Bush on October 3, 2008.
Pressure from financial institutions and Treasury officials undermined an effort to limit executive pay at seven companies rescued with taxpayer money. Former U.S. pay czar Kenneth Feinberg approved pay packages worth $5 million or more from 2009 to 2011 for 49 top earners. The companies affected were: AIG, Bank of America, Citigroup, Chrysler Financial Services, Chrysler Holding, General Motors, and Ally (formerly GMAC).
[edit] European sovereign debt crisis
From late 2009, fears of a sovereign debt crisis developed among investors concerning rising government debt levels across the globe together with a wave of downgrading of government debt of certain European states.
[edit] Bitcoin
[edit] Related
- Occupy Encyclopedia
- Politics
- Technology
- United States housing bubble
- United States public debt
- Basic Income
- Economic inequality
- Social justice
- Occupy the SEC
- Bank of America
- Civil lawsuit against J.P. Morgan Chase & Co.
- Civil lawsuit against Wells Fargo
- Class action lawsuit
- Crowd Funding
[edit] Reference
- Glass-Steagall “repeal” and the financial crisis on Wikipedia.
- Commodity Futures Modernization Act of 2000 on Wikipedia.
- Emergency Economic Stabilization Act of 2008 on Wikipedia.
- Subprime mortgage crisis on Wikipedia.
- Troubled Asset Relief Program on Wikipedia.
- 2007–2012 global financial crisis on Wikipedia.
- Subprime crisis impact timeline on Wikipedia.
- European sovereign debt crisis on Wikipedia.
- JAK Members Bank on Wikipedia.
- PermaBank
- The Occupy Wall Street bank
- Bail-out Bombshell: Fed "Emergency" Bank Rescue Totaled $29 Trillion Over Three Year s
- Obama Is on the Brink of a Settlement With the Big Banks—and Progressives Are Furious
- Mortgage Settlement Between Banks, States 'Close'
- TARP pay czar pressured on executive pay: report
- Despite Salary Caps, Treasury Approved Lucrative Exec Payouts at Dozens of Bailed-Out Firms
- WRAPUP 3-Greek PM sees quick debt swap deal, end-game in sight
- Stocks Hold Losses, Italian Banks Downgraded
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- Occupy Bank of America? Big protest expected
- Robert Reich on Clinton's Errors of Crippling Welfare to Repealing Glass Steagall. 2 of 2
- Will There Be a Meaningful Volcker Rule?
- Reporting on the Bank Fallouts: A Guide to the Past Four Years
- Swiss Study Shows 147 Technocratic “Super Entities” Rule the World
- Bitcoin Exchange Scam – Bitcoins Are Now Worthless
- Winklevosses Turn Up in Bitcoin Turmoil
