PATH: BS | Business | Banking

The Corruption That Is Modern Banking: Money As Debt

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Here is a multi-part video documentary on how the banking system works: Money As Debt. It's quite enlightening.

Stay tuned as we interview the man responsible for this film, Paul Gringon in our next podcast!

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"Maxxed Out" - America's Debt Crisis

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In "Maxed Out", author/director James D. Scurlock takes on America's debt crisis. Consequently, he touches on related issues like race, corporate malfeasance, and political subterfuge. The full movie is here.

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JP Morgan-Chase Accidentally Loses 2.6 Million Users' Data

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About 2.6 million current and former Circuit City credit card account holders are being notified by credit card vendor Chase Card Services that five computer data tapes containing their personal information were mistakenly identified as trash and thrown away by Chase personnel in July.

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Patriot Act Invasive Paranoia Coming To A Bank Near You

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In an effort, supposedly to combat terrorism and money laundering, banks will be spending billions of dollars over the next few years on software that will automatically track suspicious financial transactions, but will also monitor millions of innocuous ones, make it harder to cheat on taxes and force consumers to end up having to answer to the government for unusual banking patterns or even something like cash deposits or unusually-timed transactions. I guess it's only called "suspicious" when it doesn't involve a Fortune 500 company or a politician.

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