Tag: banking

What a 19th-century scammer can teach us about women, lying, and economic boom-and-bust cycles

In 2016, Wells Fargo paid a $185 million fine for alleged fraud on its own customers without an admission of guilt. Has anything changed?

Ubiquitous digital payments: harbinger of a glorious future, or smokescreen for powerful interests that want to control (and undermine) choice and capitalism?

“The financial services sector as a whole accounts for more than 20 percent of US GDP, and this share has grown by around 10 percentage points since the 1970s. Additional expansion has taken place in the business services sector, encompassing law and accounting firms and other outgrowths of a financialized economy. Overall, it seems reasonable […]