‘Reforming Global Finance’
News, opinion, proposals for reforming finance at global and national levels. Tracks new laws to curb speculative finance, transaction taxes and how financiers caused the collapse of 2008-9. News on monetary-systems reform of the Federal Reserve, IMF, World Bank, BIS and central banks.
Posted: 08 Feb 2010 07:39 PM PST Although the Consumer Financial Protection Agency made it through the House more or less intact, the banking lobby is taking another, better shot at killing it in the Senate, and is planning to use the magic words: “big government” and “bureaucracy.” Elizabeth Warren wrote an op-ed for Tuesday’s Wall [...]
Posted: 06 Feb 2010 05:48 AM PST In an interview that will air Sunday on ABC, Treasury Secretary Tim Geithner says, “”We have much, much lower risk of today than at any time over the last 12 months or so … We are in an economy that was growing at the rate of almost 6 percent of GDP in the fourth quarter of last year. The most rapid [...]
This article by lawyer Ellen Brown, author of Web of Debt, our esteemed Advisory Board member, predicted what's happening in Europe with the so called PIIGS : Portugal, Italy, Ireland, Greece and Spain with their high debt-to-GDP ratios. Ellen is, so far as I know, the only analyst clearly stating what they need to do. - Hazel Henderson, [...]
Ellen Brown February 5, 2010 www.webofdebt.com/articles Rumor has it that Timothy Geithner is on his way out as Treasury Secretary, due to his involvement in the AIG scandal that is now unraveling in hearings before the House Oversight and Reform Committee. Bob Chapman writes in The International Forecaster: Each day brings more [...]
Robert A. G. Monks is one of the world's pre-eminent experts on corporate governance. We are also proud that Bob is a member of Ethical Markets Media's Advisory Board. - Hazel Henderson, - Ed. There has been a lot of very interesting press on the Citizens United decision recently. It's all the more interesting if we look back to September when [...]
INTERNATIONAL TRADE UNION CONFEDERATION Brussels, 4 February 2010 (ITUC OnLine): The meeting of G7 Finance Ministers in Iqaluit, Canada, this week needs to press ahead on financial regulation and restructuring of banks, as powerful global financial interests step up their fight against reform. While the meeting is not expected to adopt formal [...]
One of the best sources of good information and brilliant commentary is Yves Smith's NAKED CAPITALISM, so here is her entire post for today - Hazel Henderson, Ed. Posted: 03 Feb 2010 02:17 AM PST Links 2/3/10 Emotional Weather Report h+ (hat tip reader David C) Clare Short says cabinet misled on Iraq war legality BBC (hat tip reader [...]
From Naked Capitalism and the great Yves Smith... We’ve argued that the “Volcker Rule,” which would limit “proprietary trading” by banks, is in theory a very good idea, but the proposal put forward by Volcker/Team Obama goes wide of the mark by defining any customer trade as not being part of proprietary trading. Read more...
SUNDAY, JANUARY 31, 2010 You have to love it. If the allegations prove true, it provides further evidence that the banksters cannot contain themselves. Here they get their bacon saved by the TARP (which was way too cheaply priced relative to the risk involved) and a host of hidden subsidies and supports. Yet the employees cannot stand to let an [...]
Final Thoughts on Volckerfest 2010 Posted: 31 Jan 2010 06:36 AM PST The coming months will tell if the Volcker Rule and the prohibition on banks getting even larger will turn out to be substance or mere spin. I’m finally getting around to reading the transcript of the pre-announcement media briefing and I found a few things that were worth a [...]