Banks’ Self-Dealing Super-Charged Financial Crisis

August 28, 2010 · Filed Under Main Page, Money and Banks · Comment 

by Jake Bernstein and Jesse Eisinger ProPublica, Aug. 26, 10:09 p.m.

Over the last two years of the housing bubble, Wall Street bankers perpetrated one of the greatest episodes of self-dealing in financial history.

Faced with increasing difficulty in selling the mortgage-backed securities that had been among their most lucrative products, the banks hit on a solution that preserved their quarterly earnings and huge bonuses:

They created fake demand. Read more

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Free Report: Is Your Money Making Money For You Or Your Bank?

May 2, 2009 · Filed Under Main Page, Money and Banks · Comment 

Here is a question for you. If you put your money into a savings account in the bank, who makes money from your saved money?  

I have just completed a free report,  “Who Is Your Money Working For? You Or Your Bank?” Read more

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