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 …

Better Markets Featured in New Documentary on the Financial Crisis

Better Markets Featured in New Documentary on the Financial Crisis Fellow fighters for financial reform: We would like to let you know of a very important Frontline four-hour documentary “Money, Power and Wall Street” starting tonight and continuing on May 1 on PBS stations. Better Markets President and CEO Dennis …

Fed’s Fisher: Top 5 U.S. banks should be broken up

Fed’s Fisher: Top 5 U.S. banks should be broken up Wed Feb 29 19:02:19 UTC 2012 MEXICO CITY (Reuters) – The biggest five banks in the United States are too powerful and should be broken up, Dallas Fed President Richard Fisher said on Wednesday. The financial crisis has left the …

Occupy the SEC Comment Letter on the Volcker Rule

Dear Sirs and Madam: Occupy the SEC1 submits this comment letter in response to the above-mentioned regulatory agencies’ (“Agencies”) notice of Proposed Rulemaking (“NPR”, “Proposed Rule”)2 implementing Section 619 of the Dodd-Frank Act (“the Act”).3 Occupy the SEC is a group of concerned citizens, activists, and financial professionals with decades …

Ambachtsheer: Pension Fund Manager Compensation Should Be Reevaluated lead article in ai-CIO

Sustainable Financial Markets Ambachtsheer: Pension Fund Manager Compensation Should Be Reevaluated lead article in ai-CIO Posted: 06 Feb 2012 09:16 AM PST Remuneration for pension fund managers has come under the spotlight as investors have taken aim over investment banking pay, according to a paper published by Keith Ambachtsheer at …

Rethinking Finance: Good Servant, Bad Master

Hazel Henderson is teaching again at Schumacher College for their course “Rethinking Finance: Good Servant, Bad Master?” with Ethical Markets Advisory Board members Tessa Tennant and Ann Pettifor, as well as Nathalie Buschor, Mark Burton and Julie Richardson. Reforming finance is still urgent globally. For example, in the US, the …

Quelle Surprise! Geithner Gutting Dodd Frank via Intent to Exempt Foreign Exchange –

A publication from Naked Capitalism I have mixed feelings about an article by Robert Kuttner, “Blowing a Hole in Dodd-Frank.” On the one hand, he’s found an important example of the Administration’s lack of interest in meaningful financial reforms, which is its intent to exempt foreign exchange derivatives from the …

Does The U.S. Really Have A Fiscal Crisis?

A publication from Baseline Scenario Does The U.S. Really Have A Fiscal Crisis? Posted: 24 Feb 2011 05:09 AM PST By Simon Johnson The United States faces some serious medium-term fiscal issues, but by any standard measure it does not face an immediate fiscal crisis. Overindebted countries typically have a …