LATEST NEWS: Middle classes will disappear in next 30 years warns Government adviser

The middle classes will die out within 30 years because of rising property prices, which will rob today’s children of their dreams, an economist has warned. David Boyle, a government adviser and fellow of the New Economics Foundation think tank, said that youngsters can no longer expect the same level of affluence as their parents. […]

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Lurid Subprime Scams Unveiled in Long-Running Fraud

Lost amid the hoopla over JP Morgan Chase’s record-setting $13 billion settlement this fall was news of another monster court resolution – a $2.46 billion judgment, the largest ever awarded after trial in a securities fraud class action case, handed down in October against a HSBC acquisition called Household International. It’s an old case, with the trial completed […]

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Talking Jamie Dimon With Sam Seder of 'The Majority Report'

“Yesterday, I had the pleasure of joining old friend Sam Seder on The Majority Report. Among other topics, we talked about the surreal exchange between CNBC dingbat Maria Bartiromo and Salon‘s amazed and incredulous Alex Pareene about Chase CEO Jamie Dimon. Pareene hilariously told the CNBC panel that anybody could do Jamie Dimon’s job as […]

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