Regulation Is Killing Community Banks by Ellen Brown

The patriot act is watching you

Image by Ashleigh Nushawg via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
October 30, 2017

Crushing regulations are driving small banks to sell out to the megabanks, a consolidation process that appears to be intentional. Publicly-owned banks can help avoid that trend and keep credit flowing in local economies.

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Fraud-ridden Banks Are Not L.A.’s Only Option by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
January 30, 2014

Epic in scale, unprecedented in world history.” That is how William K. Black, professor of law and economics and former bank fraud investigator, describes the frauds in which JPMorgan Chase (JPM) has now been implicated. They involve more than a dozen felonies, including bid-rigging on municipal bond debt; colluding to rig interest rates on hundreds of trillions of dollars in mortgages, derivatives and other contracts; exposing investors to excessive risk; failing to disclose known risks, including those in the Bernie Madoff scandal; and engaging in multiple forms of mortgage fraud.

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