‘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.
Paul Volcker Picks Up A Bat Posted: 17 Dec 2009 04:15 AM PST For most the past 12 months, Paul Volcker was sitting on the policy sidelines. He had impressive sounding job titles – member of President Obama’s Transition Economic Advisory Board immediately after last November’s election, and quickly named to head the new Economic [...]
This blog: NAKED CAPITALISM, is from an ex-Wall Street whistle-blower. It's very fair and informative - Ed. “2010: Foreseeable and Unforeseeable Risks ~ The Room For Policy Error is Enormous” Posted: 28 Dec 2009 11:27 PM PST By John Bougearel, author of Riding the Storm Out and Director of Financial and Equity Research for Structural [...]
Christmas and holiday message Dear Friends of the American Monetary Institute, Warmest Christmas and holiday greetings to all. Yes, 2009 was disappointing when so many in our legislative and executive branches ignored the wishes of our people and the requirements of progress and of justice, and put forward miserable health care [...]
I am writing to report on the successes of New Rules for Global Finance over the past year. Substantively, 2009 has been a banner year for New Rules, particularly for its work on reform of the International Monetary Fund. You may recall that in 2008 New Rules (along with the Canadian Centre for International Governance Innovation and the Oxford [...]
Ellen Brown, December 23, 2009 www.webofdebt.com/articles Dr. Benjamin Rush, a signer of the Declaration of Independence, is quoted as warning two centuries ago: “Unless we put medical freedom into the Constitution, the time will come when medicine will organize into an underground dictatorship. . . . The Constitution of this republic [...]
OBAMA ADMINISTRATION 1. President Obama -- White House Press briefing, July 22, 2009: Reporter Question: Would you consider going a step further than your regulatory reform proposals and supporting a fee on risky activities that go beyond traditional lending? (more…)
The Washington Post is reporting that the federal government has quietly decided to exempt Citigroup (C) from a large future tax bill in allowing it to exit the TARP program. This is a backdoor bailout worth billions and is an outrage that demonstrates the lengths to which government will go to gift these organizations taxpayer money. Read more...
Posted: 15 Dec 2009 03:06 AM PST Simon Johnson is dead-on exposing this dangerously erroneous belief system! - Ed. The guiding myth underpinning the reconstruction of our dangerous banking system is: Financial innovation as-we-know-it is valuable and must be preserved. Anyone opposed to this approach is a populist, with or without a [...]
"Other News" is a personal initiative seeking to provide information that should be in the media but is not, because of commercial criteria. It welcomes contributions from everybody. Work areas include information on global issues, north-south relations, governance of globalization. The "Other News" motto is a phrase which appeared on the wall of [...]
In a sign that the Federal Reserve is circling the wagons, chairman Ben Bernanke has an op-ed in the Washington Post that attempts to defend the central bank’s role. What is interesting is how much the tables have turned. The Obama effort to make the Fed into the uber bank regulator has become a rout, with decent odds that the Fed will have its [...]