Tag Archives: Bank of America

As Trump Threats Stir Global Arms Race, New Report Details the Nuclear War Profiteers

“If you have been wondering who benefits from Donald Trump’s threats of nuclear war, this report has that answer.”

By Andrea Germanos, staff writer for CommonDreams. Published 3-7-2018

The new report “names those that are still okay with trying to make a profit from producing nuclear weapons.” (Photo: ippnw Deutschland/flickr/cc)

A new report offers a comprehensive look at who’s profiting from the new nuclear arms race.

“If you have been wondering who benefits from Donald Trump’s threats of nuclear war, this report has that answer,” said Beatrice Fihn, executive director of the International Campaign to Abolish Nuclear Weapons (ICAN), winner of the 2017 Nobel Peace Prize.

ICAN, along with Netherlands-based peace group Pax, released the report, entitled “Don’t Bank on the Bomb,” on Wednesday. It shows that 329 financial institutions in 24 countries invested $525 billion into the top 20 companies involved in the production, maintenance, and modernization of nuclear weapons from January 2014 through October 2017. Continue reading

Share

Aspiring to Be a Mass Murderer? There’s a Scholarship for That

By Darius Shahtahmasebi. Published 7-27-2016 by The Anti-Media

Stephen Schwarzman. Photo: YouTube

Stephen Schwarzman. Photo: YouTube

Aspiring mass murderers will be happy to learn they no longer have to waste time on the child’s play that is firing into an open crowd at the risk of receiving a bullet to the head. One can now apply for a scholarship to China to learn from the experts themselves.

Well, kind of.

The Schwarzman Scholars Program is a new master’s program at Tsinghua University, China that seeks to “educate students about leadership and about China’s expanding role in the world.” Continue reading

Share

So, You Thought Bank of America Would be Punished for Role in 2008 Crisis? Think Again

By Claire Bernish. Published 5-23-2016 by The Anti-Media

United States — In a reversal of the smidgen of accountability forced on Bank of America for its role in the 2008 financial crisis, a U.S. appeals court threw out a jury’s verdict — and with it, the $1.27 billion fine BoA would have paid for mortgage fraud.

Though the Department of Justice had alleged Countrywide Financial Corp., which was purchased by Bank of America in 2008, had sold Fannie Mae and Freddie Mac thousands of bad loans through its “Hustle” mortgage program, the Second Circuit Court of Appeals in New York found insufficient evidence to back charges of fraud. Continue reading

Share