‘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 Baseline Scenario
More Housekeeping: PDF Archives Posted: 20 Mar 2009 11:54 AM PDT At the request of several readers, I’ve printed entire months of blog posts to PDFs for download. There is also a “Download the Blog (PDF)” link in the sidebar under navigation. This might be useful for new readers who want to catch up on a plane, or something like that. [...]
Powers and Principles: International Leadership in a Shrinking World
A new Stanley Foundation project examines ways in which the international community could become more unified over the next ten years. The foundation asked contributing authors to describe the paths by which nine powerful nations, the European Union, and a multinational corporation could all emerge as constructive stakeholders in a strengthened [...]
How to Stop AIG's Bonuses
By William K. Black, Thomas Ferguson, Robert Johnson, and Walker Todd buy Redline Coneheads move Sleeping Beauty movie AIG's decision to pay out at least a hundred and sixty five million dollars in bonuses takes the bank bailout program's abuse of the public trust to a whole new level. This act simply cannot be allowed to stand. (more...)
The Baseline Scenario
Nationalization and Capitalism download Jerusalema 5ive Girls full movie Posted: 13 Mar 2009 08:12 PM PDT This is my last post on nationalization for at least a week, and hopefully a lot longer than that. I’m tired of writing about it. But I was listening to Raghuram Rajan on Planet Money, and things became a little more clear to me. [...]
The Baseline Scenario
Reining In Banks (Roundtable On Economist.Com) buy Believe in Me Tinker Bell film Five Easy Pieces A Merry Little Christmas psp Posted: 13 Mar 2009 02:13 AM PDT The Economist is running an on-line discussion of Dani Rodrik’s article in their print edition on re-regulation strategy. The full discussion is here - follow that link for my [...]
The Baseline Scenario: March 9, 2009
Nationalization for Beginners Posted: 09 Mar 2009 10:13 AM PDT “Nationalization” has been the word of the last month, with support not only from the usual suspects, but from Lindsey Graham, Alan Greenspan, and (to some degree, although they won’t say the word) Richard Shelby and John McCain. However, different people ascribe different [...]
KC Fed President for Temporary Nationalization
The Baseline Scenario Posted: 07 Mar 2009 01:10 PM PST Nemo alerted me (after in turn being alerted by Calculated Risk) to a recent paper by Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, brilliantly entitled “Too Big Has Failed.” Here is an excerpt: (more...)
PLAYING THE BANKING GAME: HOW CASH-STARVED STATES CAN CREATE THEIR OWN CREDIT
Lawyer Ellen Brown Offers Another Key Solution to our Credit Crisis, Editor Terry Fator: Live from Las Vegas trailer On February 19, 2009, California narrowly escaped bankruptcy, when Governor Arnold Schwarzenneger put on his Terminator hat and held the state senate in lockdown mode until they signed a very controversial budget.1 If the [...]
The New Financiers
By Hazel Henderson © 2009 A venture capitalist friend of mine asked me in a recent discussion about the financial meltdown, "who will be the new financiers?" (more...)
PRI Board statement on financial crisis
Responsible investment is an important part of the response We are facing the largest financial crisis in a generation. While few predicted the extent, we, as investors, need to accept our share of responsibility, as we are the owners of the financial institutions whose practices led to the crisis, and also investors in the financial products [...]
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.