‘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.
Relates to: SRI, Transforming Finance, Beyond GDP, Community Development Solutions, Reports You Need, EthicalMarkets.tv
The Big Picture
You Own the Red Roof Inn, Thanks to the Fed Is Your Senator a Bankster? Oil Spill and the Municipal Bond Market High-Speed Trading Glitch ?
STOCK MARKET COLLAPSE: MORE GOLDMAN MARKET RIGGING?
Ellen Brown May 7, 2010 www.webofdebt.com/articles Last week, Goldman Sachs was on the congressional hot seat, grilled for fraud in its sale of complicated financial products called “synthetic CDOs.” This week the heat was off, as all eyes turned to the attack of the shorts on Greek sovereign debt and the dire threat of a sovereign Greek [...]
Sovereign Governments v. Lords of Finance
SYNDICATED DISTRIBUTION TO 200 CLIENTS IN ASIA, EUROPE, LATIN AMERICA AND AFRICA. For information on subscribing to IPS Columnist Service, Rome, contact Pablo Piacentini at [email protected], fax 39-06-4817877, or his assistant Francesca Buffo at [email protected] For permission to syndicate or reprint contact: Pablo Piacentini at [...]
Weaknesses in financial sector risk management persist, says the Economist Intelligence Unit
Many of the flaws in risk management at banks and insurers that precipitated the global financial crisis remain unaddressed even as new risks have emerged, according to new research from the Economist Intelligence Unit. The report, Rebuilding trust: Next steps for risk management in financial services, sponsored by SAS, examines the steps that [...]
The Baseline Scenario
“Most Observers” Do Not Agree With Larry Summers On Banking Posted: 03 May 2010 06:42 AM PDT By Simon Johnson What is the basis for major policy decisions in the United States ? Is it years of careful study, using the concentration of knowledge and expertise for which this country is known and respected around the world? Or is it some [...]
Simon Johnson Sets Senators Dodd and Corker Straight! Breaking up the 6 TBTF Banks Also Could Increase Shareholders’ Value
Why Do Senators Corker And Dodd Really Think We Need Big Banks? Posted: 01 May 2010 04:48 AM PDT By Simon Johnson On Friday, Senator Bob Corker (R, TN) took to the Senate floor to rebut critics of big banks. His language was not entirely senatorial: “I hope we’ll all come to our senses”, while listing the reasons we need big banks. [...]
Ending Interconnectedness: It’s Already in the Bill
Jane D’Arista University of Massachusetts, Amherst SAFER www.peri.umass.edu/safer On the eve of the proposed debate on the Restoring Financial Stability Act reported by the Senate Banking Committee, the focus was on the weaknesses in the bill – in particular, that it didn’t do enough to prevent a repetition of a financial crisis as [...]
The Baseline Scenario
The Baseline Scenario -------------------------------------------------------------------------------- Three Modest Proposals For Goldman Sachs What Did Goldman Know And When Did It Forget It? Three Modest Proposals For Goldman Sachs Posted: 27 Apr 2010 03:28 PM PDT By Simon Johnson, co-author of 13 Bankers: The Wall Street [...]
Goldman v. United States: What it Really Means Goldman
Former Wall Streeter Says Let's Roll on Reform - Ed. John Fullerton is also a member of Ethical Markets Advisory Board By John Fullerton, former Managing Director of JPMorgan and Founder of the Capital Institute. April 25, 2010 “It is not what a lawyer tells me I may do, but what humanity, reason and justice tell me I ought to [...]
UK civil society review of G20 Progress
Fundamental change or more of the same? A review of G20 progress towards UK civil society recommendations published by Bond, Bretton Woods Project, new economics foundation, Stop Climate Chaos, and TUC http://www.brettonwoodsproject.org/doc/G20progressreview.pdf In this review, we assess the progress of the G20, and particularly of the UK [...]
More invaluable advice from Robert A. G. Monks, analyzing the new breed of dysfunctional “drone corporations.” He calls out the most influential trustees of pension funds, endowments, and foundations by name to take responsibility. A must read by asset managers and trustees worldwide.