BuzzFeed
banks
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Romney Praises 2008 Bank Bailout
Politics Buzz Credits Bush, not Obama for saving the country from a Great Depression. A big policy statement on a tough day.
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Trump Gave $12,500 To Obama's Bank Prosecutor
Politics Buzz Eric Schneiderman got a boost from Trump in 2010.
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Bundling For Obama, The Swiss Bank Experts
Politics Buzz A week after his allies pounded Mitt Romney for storing money in a Swiss bank account, Obama's list of “volunteer fundraisers” includes a Geneva address. Adams' office specializes in “tax optimization for … high-net-worth individuals.”
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Prosecutor Hints: Bankers Will Be Going To Jail
Politics Buzz New York Attorney General Eric Schneiderman has been pushing to prosecute bankers over the financial crisis. President Obama just appointed him to lead a mortgage fraud task force — and his office hinted this morning at the direction he'll be going.
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Tea Party Congressman Screams At His Constituents, Is Massive Jerk
Politics Buzz Illinois Representative Joe Walsh, corrupt deadbeat dad and Tea Partier, began berating voters from his district when they dared question the motives of big banks. He's a people person (if those people are corporations).
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Bank of America Adds $5 Monthly Debit Card Fee
Business Buzz Banks across the U.S. are piling on customer fees in the wake of new regulations.
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banks
Banks is super hot on the BuzzFeed Network right now. Here's all the best viral buzz on Banks.
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Video: Wanking Bankers
An epic Irishman has a few thoughts about the financial crisis and Michael Flatley. The language is quite salty, so NSFW ahoy.
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Link: Banks Grow Wary of Environmental Risks
http://www.nytimes.com/2010/08/31/business/energy-environ...
![[link]](http://s3-ak.buzzfed.com/static/images/public/icons/external-link2.png)
Some large lenders are taking a stand on industry practices — like mining and deforestation - that they regard as risky to their reputations.
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Link: Wall St. Hiring in Anticipation of an Economic Recovery
http://www.nytimes.com/2010/07/11/business/11rebound.html...
The shift underscores the remarkable recovery of the biggest banks and brokerage firms since Washington rescued them in the fall of 2008.
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Link: AMC Liquidators Unloads Closed Bank Furniture
http://www.google.com/trends/hottrends?q=amc+liquidators&...
AMC Liquidators is taking advantage of the mortgage crisis and recession by selling all the furniture and art they had taken from closing banks last fall.
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Link: Deposed Nigerian Prince Swindles Citibank Out of $27 Million
http://www.nytimes.com/2009/02/21/nyregion/21scam.html?_r=2
Ok, so he didn't actually claim to be a deposed prince, but a Nigerian man was just arrested after he tricked Citibank into wiring $27 million to various accounts around the world. Another job well done, American banks.
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Video: The Crisis of Credit Visualized
The short and simple story of the credit crisis. This is the thesis work of Jonathan Jarvis, a student at the Art Center College of Design in Pasadena, California, and reminds me of that great This American Life episode from last fall. It's kinda fun to watch.
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Link: Frank to Banks: Work Harder!
http://us.rd.yahoo.com/dailynews/rss/mostemailed/*http://...
Rep. Barney Frank is challenging the banking industry to work harder to fix a failing system. He also mentioned that Americans are kind of pissed off at them right now and maybe they should think about how they can win us over.
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Link: Government Won’t Buy Troubled Bank Assets
http://us.rd.yahoo.com/dailynews/rss/mostemailed/*http://...
The government has abandoned the original centerpiece of its $700 billion rescue effort for the financial system and will not use the money to purchase troubled bank assets.
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Link: Bonuses Constitute 10% of the Bailout
http://theragblog.blogspot.com/2008/10/salary-bonuses-con...
Wall Street bankers are expected to receive pay deals, including bonuses, worth more than $70 billion this year. That’s 10% of the massive emergency government bailout. We are so disappointed in you, Neel.
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Link: Bailout Helps Banks Buy Other Banks
http://www.nytimes.com/2008/10/25/business/25nocera.html?...
A NY Times reporter got access to an employees-only JP Morgan conference call, and heard an executive admit that government bailout money would be used to buy other banks, rather than to make more loans. What happened, Neel? I feel so betrayed.
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Link: PNC to Buy National City Corp.
http://www.google.com/trends/hottrends?q=pnc&date=200...
PNC is another bank that’s suddenly getting a lot of Google traffic, after it announced plans to buy Cleveland-based National City Corp. with help from the $700 billion government bailout. It’s the first bank to explicitly use the bailout for an acquisition. After the merger, PNC will become the fifth-largest bank in the country.
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Link: Canadian Banks Are Number One
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20081...
Canadian banks are the soundest in the world. To everyone who didn’t follow through on their threat in 2004 to move north if Bush were re-elected: sorry, you really missed the boat on this one.
