finance

Are UA, PCC Students Being Taken in by Federal Loan Sharks?

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OCCUPIED TUCSON CITIZEN The federal government, in collusion with universities and colleges both public and private, appears determined to resurrect an early American form of debt bondage for the benefit of its student population. This debt bondage, called “indentured servitude,” was prevalent in the 18th century and involved workers getting free transport to the American …

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Documents in JPMorgan settlement reveal how every large bank in U.S. has committed mortgage fraud

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Photo of Bill Black superimposed on textured background with stylized text on the right, "The Black Finance and Fraud Report"

THE REAL NEWS BLACK: “The United States government, now with the endorsement of the Justice Department, has said that after investigation it found that essentially every large bank involved in the secondary market sales to Fannie and Freddie committed fraud […] and intentional crime. […] There were three of these epidemics of mortgage fraud that …

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Anti-austerity update: A general strike in Greece while Spanish police launch a brutal attack on demonstrators

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OCCUPIED TUCSON CITIZEN After a brief lull, anti-austerity protests in Europe were dramatically ratcheted up last week, especially in Greece and Spain. In Greece last Wednesday there was a 24 hour general strike to protest a new package of cut-backs and take-backs that shut down the entire country. In addition, over 300,000 demonstrators marched in …

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Why is No One Freaking Out About the LIBOR Banking Scandal?

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Closeup of dollar bill

OCCUPIED TUCSON CITIZEN The LIBOR manipulation story has exploded into a major scandal overseas. The CEO of Barclays, Bob Diamond, has resigned in disgrace; his was the first of what will undoubtedly be many major banks to walk the regulatory plank for fixing the interbank exchange rate. The Labor party is demanding a sweeping criminal …

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