rich guy bank 1%

Worldwide derivatives market could be over $1.2 quadrillion in notional value

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Bankers, their lobbyists and the Congress they own are putting you on the hook for a huge potential loss.
rich guy 1% cnbc bankers wall street

Credit Suisse profits plummet 24%, cuts 2,300 jobs, then gives CEO & chairman 33% raise

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It’s nice to know 2,300 employees were willing to sacrifice their careers to pay for two men’s 33% pay raise.

Fed’s Bernanke agrees “100%” with Elizabeth Warren, too-big-to-fail banks are a problem

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The momentum continues to build in Washington against too-big-to-fail banks, but is it enough?

(Updated) House Ag committee Dems vote to deregulate derivatives

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Seven Democrats on the House Ag committee voted to turn the clock back to 2006 on derivatives regulation.

Architect of selling GOP as “inclusive” calls Obama a “socialist”

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It’s hard to convince people you’re not hateful when you’re basically hateful.

EU bailout for Cyprus will punish citizens, take 10% of their savings

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After the EU bailout announcement, why would anyone leave cash in an EU bank ever again?

When even Republicans start hating on the Big Banks, is it time to finally break them up?

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With criticism of the Big Banks coming from all sides, breaking them up may actually be a (slim) possibility.

Conservative GOP US Senator Portman: My son is gay, I’m for gay marriage

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Sen. Rob Portman (R-OH) was courted by Romney for VP. Told Romney his son was gay. Didn’t get the job.

Big Banks get subsidy of $780bn, equal to entire “stimulus” bill, every year

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$780bn is almost the exact cost of the entire 2009 economic stimulus: $787bn. But banks get it every year.
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