Is your banking experience now improving?
[re: your tax dollars at work]
With passage of US budget (and 'associated' add-on bills other than to assist veterans)
Better interest on Deposits?
Better interest on mortgage?
Other (something else)?
________[for optional perusal]
Republican Senator Kills Veteran Suicide Prevention Bill That Passed House Unanimously
The VA estimates that 22 veterans commit suicide every day. Outgoing Oklahoma Senator Tom Coburn says it costs too much and stopped the bill from coming up for a vote.
With Dodd-Frank Rollback, The Big Bad Banks Are Back
- 12/12/2014 - Steve Denning
..the bill also contained a provision, said to be written by Citigroup ($11,543,276), repealing a key part of the Dodd-Frank Act.
The provision enables the big banks once again to use insured deposits and other taxpayer subsidies and guarantees to gamble in the derivatives markets—the very type of business that drove the 2008 financial crisis and the economic devastation that followed.
Wall Street’s business model depends on the ability of large financial conglomerates to keep exploiting the cheap funding provided by their ‘too big to fail’ subsidies,
Jamie Dimon, JPMorgan Chase CEO, also personally lobbied ($12,157,587) lawmakers on the bill.
Wall Street vs The People
As to why Congress is acting on behalf of the financial sector against the interests of the country as a whole, one doesn’t have to look far. “In the current election cycle, Wall Street banks and financial interests have so far reported spending more than $1.2 billion to influence decision-making in Washington, according to an updated report by Americans for Financial Reform. That works out to just under $1.8 million a day. It represents an average of about $2.3 million spent to elect or influence each of the 535 members of the Senate and House of Representatives.”
Lest we forget why we had a financial crisis in 2008
- By ASHLEY PARKER and ROBERT PEAR - DEC. 11, 2014
China is creating a new "World Bank".
Russia's seizure of Ukrainian banks in Crimea is still wreaking havoc with locals' finances
Global banks agree to pay $4.3 billion for manipulating currency markets
http://www.economist.com/news/finance-and-economics/21632645-global-banks-agree-pay-43-billion-manipulating-currency-markets-fixed?zid=300&ah=e7b9370e170850b88ef129fa625b13c4 - Nov 15th 2014