February 17, 2014

Obama Admin’s TPP Trade Officials Received Hefty Bonuses From Big Banks

Stefan Selig

Officials tapped by the Obama administration to lead the Trans-Pacific Partnership trade negotiations have received multimillion dollar bonuses from CitiGroup and Bank of America, financial disclosures obtained by Republic Report show. Stefan Selig, a Bank of America investment banker nominated to become the Under Secretary for International Trade at the Department of Commerce, received more
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May 20, 2012

Its Customers Are Decimated By Foreclosure, But Wells Fargo Lobbies Against Increased Oversight

Norman Rousseau, a Newbury Park, California resident, spent last Saturday trying to fix an old RV. His house was being foreclosed upon by Wells Fargo and he apparently wanted to make sure his family had somewhere to live. But Sunday mid-morning, he shot and killed himself, CBS Los Angeles reports. The Rousseau family has been
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May 2, 2012

75,000 People Demand Bank Of America End Its Political Donations

Bank of America will be holding its annual shareholder meeting in Charlotte, North Carolina, on May 9th. A group of shareholders led by Trillium Asset Management will be introducing a resolution calling on the megabank to cease all political donations, as these “contributions can backfire on a corporation’s reputation and bottom line.” For example, retail giant
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February 14, 2012

Big Bank Lobby Threatens To ‘Employ The Grassroots’ If Bank Tax Gains Any Traction In Congress

President Obama unveiled his Fiscal Year 2013 budget proposal this week. While it is not expected to be passed into law, it is being used as a statement of Obama’s fiscal and political principles going into the election year. Included in Obama’s proposal this year is a special tax on financial firms with more than
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