‘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.
THURSDAY, JUNE 17, 2010 Bob Monks: Financial Reform Bill is Tragic For Corporate Governance Congress missed the opportunity to effect real change on corporate governance issues, Bob said in new video this week. He talked about a range of issues including Delaware Law, the failure of the SEC to enforce regulations, and what political fallout we [...]
Don’t Forget The Kanjorski Amendment Posted: 14 Jun 2010 04:22 AM PDT By Simon Johnson Substantive discussion in the House-Senate financial reform reconciliation conference is focusing on the Lincoln amendment, with some back-and-forth on the Volcker Rule (as manifest in the Merkley-Levin amendment). The FT reports today that Paul Volcker [...]
VON/FROM: Peter Wahl Dear friends, The European Council, which is the summit of the European heads of state, today agreed today to introduce a bank levy in the EU and to advocate the FTT in the G20. As for the bank levy the details should be carefully assessed, whichopens the door for a lot of watering down. The FTT is conditioned to [...]
"Deficit Terrorists Strike in England -- U.S. Next?" http://www.webofdebt.com/articles/deficit_terrorists.php
Pressure from civil society for Financial Transaction Tax: 150,000 signatures from European Citizens to G20 in Toronto
One hundred fifty thousand signatures from European citizens in favor of a Financial Transaction Tax (FTT) will be handed over to the G20 summit in Toronto, June 26-27, 2010. The signatures are the result of a campaign of NGOs in several European countries which started in February this year. Many signed petitions or a letter requesting the [...]
By Richard Johnson IDN-InDepth NewsAnalysis PARIS (IDN) - The biggest economic story of our times is unfolding itself. In the new economic world we live in, countries in Asia, Africa and Latin America are providing the dynamism for future growth. Read more...
"Banks Profit from Near-zero Interest Rates: Another Reason for States to Own Their Own Banks" http://www.webofdebt.com/articles/banks_near.php
NewEnergyNews Daily Headlines click here for main page: http://www.NewEnergyNews.net/ SUNDAY WORLD, 6-13: * A WORLD STILL HEATING UP * SOLAR ELECTRIC LIGHT FUND”S BENIN SOLAR GARDEN DESERVES A VOTE * INDIA NEEDS NEW ENERGY * AUSSIE WAVE POWER TRIALS, TRIBULATIONS & PLANS * MEGA-MEGAWATTS OF MEXICAN WIND FUNDED [...]
Congressional Oversight Panel Report: The AIG Rescue, Its Impact on Markets, and the Government’s Exit Strategy
Congressional Oversight Panel report concedes that lack of regulatory oversight led to AIG failures requiring total government assistance of $182 billion. The report finds there were other options to a bailout, and that the government's actions have a continuing "poisonous effect" on the marketplace. Read more...
Yesterday, the House and Senate began discussing their two financial reform bills, and they'll begin hammering out the differences between them next week to create a final version. (Click here to see if your Senators and/or Representative serve on the important committee merging the two bills.) They hope to pass, and the President hopes to sign, a [...]