The banking lobby and the ECB will have a cow.… Read More Italy Guns For Glass-Steagall-Type Law to Break Up Banks, Cut Bailout Costs for Taxpayers
The problem is almost no one has their facts straight… Read More Breaking Up the Big Wall Street Banks Is Back in the Headlines
With the blessing of its regulators, including the Federal Reserve, Citigroup was allowed to replicate the precise banking model which had brought on the 1929 crash and Great Depression: it was allowed to hold savings deposits while making wild speculations on Wall Street and selling bogus stocks to the hapless public… Read More Why Hasn’t Citigroup’s Banking Charter Been Yanked?
The “technical” probability of another financial crisis of similar amplitude “has not fallen, quite the contrary. All the ingredients for another crash are in place”, warns a new French Senate report.… Read More French Senator: ‘All the Ingredients of a New Financial Crash Are in Place’