‘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
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 [...]
Rethinking Fractional Banking
Interesting conversation among Wall Streeters about a long-denied issue, Fractional Reserve Banking, from our London-based friends at SEEKING ALPHA. -- Editor Bill Gross of PIMCO makes the argument in his most recent "Investment Outlook" that the government needs to support asset prices to stop the hemorrhaging of the global economy. He [...]
As the EU Regulates, or Does Not
by David Cronin BRUSSELS, Feb 27 (IPS) - Faced with a crisis that sent shockwaves through the markets and continues to cause immense pain in the real economy, the European Commission charged eight bankers and economists with drafting a blueprint for how financial regulation should be approached in the future. (more...)
The Baseline Scenario
Noisy Silence Posted: 24 Feb 2009 02:40 PM PST Ben Bernanke spoke at length today on Capitol Hill. But did he say anything? (more...)
More Advice for Summiteers on Reforming the Global Casino
By Hazel Henderson © 2009 Prepared for the Emergency Congress – "From Crisis to a Just and Sustainable World Economy" London, February 23-25, 2009 The following is a presentation to the emergency congress in London co-sponsored by Tomorrow's Company, the South African Human Rights Commission and Rights and Humanity, Feb. 23rd-25th, 2009, [...]
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.