with Michael Hudson
Writer, Dandelion Salad
January 13, 2022
Moderate Rebels on Jan 8, 2022
Economist Michael Hudson explains the inflation crisis and the Fed’s secretive $4.5 trillion bank bailout.
with Michael Hudson
Writer, Dandelion Salad
January 13, 2022
Moderate Rebels on Jan 8, 2022
Economist Michael Hudson explains the inflation crisis and the Fed’s secretive $4.5 trillion bank bailout.
by Andrew Gavin Marshall
Writer, Dandelion Salad
andrewgavinmarshall.com
Originally published on Occupy.com
July 24, 2013
In the second quarter of 2013, the third-largest U.S. bank by assets, Citigroup, posted a 42% increase in profits which CEO Michael Corbat praised as a “well balanced” result of “cost cutting” programs, including the firing of 11,000 workers.
This big bank has a sordid history of predatory profiteering and criminal activity, not unlike all the other large banks. In the early 20th century, what was then National City Bank was the main bank for the Rockefeller Standard Oil interests. Continue reading
BillMoyers.com
January 27, 2012
Bill Moyers talks with former Citigroup chairman John Reed and former Senator Byron Dorgan to explore how our political and financial class shift economic benefits to the very top.