The year 2020 has caused many white people to realize we live in a racist system. The Green New Deal is about systemic change for all, and deconstructing racism must be front and central in this agenda.
Yves Smith
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How the Credit Card Gravy Train Is Running Over You
The credit card business is now the banking industry’s biggest cash cow, and it’s largely due to lucrative hidden fees.
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Yves Smith and Dean Baker on Secrets in Trade: What Is The Trans-Pacific Partnership?
A U.S.-led trade deal is currently being negotiated that could increase the price of prescription drugs, weaken financial regulations and even allow partner countries to challenge American laws. But few know its substance.
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Is Your Money Safe in a "Too Big to Fail" Bank?
The next crisis will likely be due to the staggering derivatives trade: the current exposure in derivatives at "too big to fail" banks exceeds the total world's gross domestic product.
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Why Student Loans Are the New Subprime
Now that student loans are undeniably in bubble territory, the officialdom is starting to wake up and take notice.
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Is Citi Engaging in Criminal Abuses of Servicemen Student Loans?
Mortgage services were found to be failing to reduce interest charges to 6% and foreclosing on military personnel who were deployed.
