chase
Newswire: Local Banks and Local Jobs 092011
Forty percent of the country's assets lie in the hands of four major banks -- Chase, JP Morgan, Wells Fargo and Bank of America. Yet it's these same banks that offer the least amount of help to small businesses in communities. Stacy Mitchell, a senior researcher with the Institute for Local Self-Reliance, wrote an article in YES! Magazine's fall jobs issue that looks at how locally-owned community banks can help beat America's unemployment crisis.
Email this pageGRITtv: The F Word: Banksters Fighting Back with Higher Fees
The banks are back! They're paying out bonuses and raking in profits, we hear. But just how did they bounce back so fast? Have you noticed a little extra being trimmed off the top of your account these days? Let's take Bank of America -- Forbes notes that they're testing a new "fee structure" for formerly-free checking, adding $6 to $25 to their take of your money each month. Distributed by Tubemogul.
GRITtv: Yes Men Give Chase a Lump of Coal
The Yes Men, fresh off the success of " The Yes Men Fix The World," pay a visit to Chase Bank to let the bankers feel their displeasure with its policies. Thanks to independent Brandon Jourdan for the video.
GRITtv: The F Word: Strangling the Vampire Squid
It is all going according to plan. Goldman Sachs is the first to achieve solid profits. On its heels, JP Morgan/Chase. And if the Summers/Geithner plan continues apace other banks will return to profitability as will other sectors of American business. We're told virtually every day that we Americans believe in Free Markets and we need, first and foremost, strong financial institutions. So bravo. We are on our way. The problem, as we have learned through Republican and Democratic administrations alike, is that in the new America one person's profit is another's demise. So, the making of those big bucks by Goldman, and others, is tied to some pretty dire and plain economic realities: No wage gains despite ongoing higher productivity; little if any mortgage help for those in need; 29% credit card interest for those most in debt; enormous, growing unemployment, especially for minorities and for young people; huge numbers of Americans, many working Americans, on food assistance. Strip it all away and there's very little of substance in the pipeline for vulnerable Americans. Look around, is there any meaningful plan in place to help a working family you know? Do people really believe that shoring up banks will improve their lives? Barack Obama is playing a treacherous game: what are all those political wizards in the West Wing thinking? That people will listen to pleas for patience, forever? The time to strangle what Matt Taibbi calls the Vampire Squid is now. Before it strangles all the life and breath out of us.
