A private club for central bankers, regulators, and bankers: Bernanke, NY Fed’s Dudley, Timothy Geithner, BoE’s Mark Carney, BoJ’s Haruhiko Kuroda… they’re all in it.… Read More Draghi’s Membership of Murky G30 Financial Group Under Fire
Many of these banks are implicated in the biggest financial crimes.… Read More ECB Suffers from “Corporate Capture at its Most Extreme”
Europe needs “brave banks” willing to conquer new territory… Read More ECB Wants to Weed Out Smaller Banks to Cut Competition
Locking up the money of unsuspecting depositors to prop up collapsing banks… Read More ECB Tightens Noose Around Bank Accounts
Even Italian banks are dumping Italian government bonds… Read More What’s Keeping Italy’s Government Debt from Blowing Up?
More than just a few “fallen angels”… Read More The ECB Morphs into the Mother of All “Bad Banks”
EU survey results show respondents overwhelmingly oppose proposals to impose an EU-wide cash ceiling that would throttle use of cash… Read More People Not Amused by EU Efforts to “De-Cash” their Lives
And this might become a problem for the Fed… Read More Has Super Mario Draghi Met His Match?
Less than a decade after various complex, synthetic, squared, cubed and so on securitized debt structures nearly brought down the financial system, here come “Sovereign Bond-Backed Securities.”… Read More In Watershed Event, Europe Unveils Plan To Securitize Sovereign Debt
Nerves are fraying in the corridors of power of the Eurozone’s third largest economy… Read More In Bleak Prognosis, Italy’s Financial Regulator Threatens EU with Return to a “National Currency”
Germans have a soft spot for physical lucre while the ECB and Europe’s executive branch, the European Commission, have openly expressed their desire to suppress, or even punish, its use… Read More War on Cash Puts ECB, EU on Collision Course with Germany
“The ECB’s accountability framework is not appropriate for the far-reaching political decisions taken by the Governing Council”… Read More Shock, Horror: ECB Not as “Independent” as it Claims – Report