As IRS crusades against Americans hiding money offshore, Latin American tax cheats flock to U.S. banks

By Michael Hudson

U.S. and its banks called "biggest tax haven" in world

Excerpts from this story referencing "Bloomberg":

"… whole through our activities here,” Arbizu, who fled to Argentina, told Bloomberg News in a 2009 interview.In Argentina, the case exploded into a major scan …"

Reform reading: Fed reveals details about $3 trillion in emergency loans

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law....

Excerpts from this story referencing "Bank of America":

"… rtgage-backed securities and commercial paper from banks and big companies.Bank of America Corp. and Wells Fargo & Co. were among the biggest borrowers from one …"

Green bundler with the golden touch

By Ronnie Greene and Matthew Mosk

Investor Steve Westly straddles the worlds of venture capital, presidential fundraising and government advising

Excerpts from this story referencing "campaign manager":

"… ken that month at Stanford University, and for Jim Messina, Obama’s 2012 campaign manager — and that Westly wasn’t shy about mentioning his connections.“Pleas …"

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Analysis — Insurers’ ‘friends’ will influence public option debate in Conn.

By Wendell Potter

Health insurers in Connecticut will call on some of their longtime allies to help turn the public and state lawmakers against the idea of cr

Excerpts from this story referencing "Bloomberg":

"… Commerce and the National Federation of Independent Business (NFIB). As Bloomberg reported last November, insurers secretly funneled $86.2 million of their …"

Analysis — The insurers’ real agenda for change

By Wendell Potter

Former executive says big firms don't want reform law repealed, but they do want to strip key regulations and consumer protections....

Excerpts from this story referencing "Bloomberg":

"… na — have been meeting frequently to plot their attack on the law. Bloomberg’s Drew Armstrong reported that three committees formed by the group …"

"… e creation of fake grassroots, or “Astroturf” organizations. Bloomberg and The National Journal also reported that the for-profits have solicited …"

Bank of America, tech VP clash over money-laundering detection

By Michael Hudson

Bank of America Corp. faces myriad disputes with whistleblowers, state attorneys general, and homeowners after surviving the U.S. financial

Excerpts from this story referencing "Bank of America":

"… ca — and Spawned a Global Crisis. …"

"… ence that Brazilian money launderers had moved $3 billion through a single Bank of America office in New York. A U.S. Senate panel, meanwhile, was preparing a report …"

"… issue a written ruling in several weeks to decide Galinsky’s claim that Bank of America violated the whistleblower protections in the 2002 Sarbanes-Oxley corporat …"

"… age lender, at the height of the financial crisis in late 2008. Last June, Bank of America agreed to pay $108 million to settle charges that loan-servicing operation …"

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It's their party: DNC demands boost cost of convention, paid for by special interests

By Meredith O'Brien

WASHINGTON, July 12, 2004 — On the way to running up an estimated $95 million tab for its 2004 presidential nominating convention in Boston,

Excerpts from this story referencing "Bloomberg":

"… political committees and have an even easier time accepting corporate aid.Bloomberg reporter Jonathan Salant estimated that Verizon donated $3 million to the …"

"… ressed as a donkey, according to press reports.New York City Mayor Michael Bloomberg, whose city eventually landed the 2004 Republican convention, delivered hi …"

"… Included with the bid document was a CD-ROM that included a video clip of Bloomberg making the city’s case.A month later, McAuliffe sent letters to the four …"

FDIC sits on potential 50 lawsuits as it tries to reach settlements

In the more than two years since Lehman Brothers went bust, the Federal Deposit Insurance Corp. has shuttered more than 250 banks, but has s

Excerpts from this story referencing "Bloomberg":

"… om just one financial institution: IndyMac.What’s the holdup? On Friday, Bloomberg News reported that the agency has lawsuits against more than 50 officers a …"

"… not settled, would claim damages of more than $1 billion, according to the Bloomberg News article. The goal is to reach as many settlements as possible, he sai …"

Will new debit card fee controls revolutionize card industry?

Debit and credit card fees that retailers must pay to Visa, MasterCard, and American Express may soon fall thanks to three converging events

Excerpts from this story referencing "card-issuing bank":

"… ull out of your wallet?This scenario is anathema to the card companies and card-issuing banks that reap massive profits on the so-called interchange fees that merchant …"

"… of money from interchange fees. For each U.S. transaction, a customer’s card-issuing bank charges the merchant a fee that is set by Visa and MasterCard. These fees …"

"… nges to interchange fees. A drastic cut in debit card fees would also hurt card-issuing banks, which get a big cut of the fees from Visa and MasterCard. New debit card …"

Reform reading: SEC tackles energy payments, conflict minerals next week

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law....

Excerpts from this story referencing "Bloomberg":

"… ission’s budget to $261 million, up a hefty 35 percent, for fiscal 2011, Bloomberg reports. The fiscal year began on Oct. 1.Both agencies have argued that bu …"

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