EIOPA, ABP, PFZW, ATP, Crédit Agricole, Ahold, Euroclear, IPE-Quest

                      Today’s top stories             EIOPA asks for more independence, ‘enhanced’ mandate   EUROPE – Chairman suggests partial financing of independent budget by levying fees on industry.   Read more…           …

Bail-out Is Out, Bail-in Is In: Time for Some Publicly-Owned Banks

“[W]ith Cyprus . . . the game itself changed. By raiding the depositors’ accounts, a major central bank has gone where they would not previously have dared. The Rubicon has been crossed.” —Eric Sprott, Shree Kargutkar, “Caveat Depositor” The crossing of the Rubicon into the confiscation of depositor funds was …

Winner Takes All: The Super-priority Status of Derivatives

Posted on April 9, 2013 by Ellen Brown Cyprus-style confiscation of depositor funds has been called the “new normal.”  Bail-in policies are appearing in multiple countries directing failing TBTF banks to convert the funds of “unsecured creditors” into capital; and those creditors, it turns out, include ordinary depositors. Even “secured” creditors, including …

Senate “Whale” Report Reveals JP Morgan as a Lying, Scheming Rogue Trader (Quelle Surprise!)

Senate “Whale” Report Reveals JP Morgan as a Lying, Scheming Rogue Trader (Quelle Surprise!) Posted: 15 Mar 2013 12:16 AM PDT There is so much grist in the just-released Senate Permanent Subcommittee report on the JP Morgan London Whale trades that the initial reports are merely high level summaries, which …

EU gives member states green light to introduce Financial Transaction Tax

EU gives member states green light to introduce Financial Transaction Tax   EUROPE – European Union finance ministers have given 11 member states the green light to implement the controversial Financial Transaction Tax (FTT). The news comes a month after a majority of MEPs gave the same member states the go-ahead …

The one tax that would rein in Wall Street…

‘Goldman Sachs’ Quiet Meeting in China Ride Big Oil For Huge Gains Now Since Private Briefing launched back in August, our mantra has been consistent and clear: Invest in energy now while prices are still low. We’ve said it time and again. And those who listened are making a killing. …

Bloomberg Doesn’t Like Financial Speculation Taxes and Is Prepared To Make Stuff Up to Make Its Case

Bloomberg Doesn’t Like Financial Speculation Taxes and Is Prepared To Make Stuff Up to Make Its Case Dean Baker Thursday, 29 September 2011 14:36 Bloomberg News Service really doesn’t like financial speculation taxes (FST). In fact it dislikes them so much that it is prepared to make things up to …