Preparing To Asset-strip Local Government? The Fed’s Bizarre New Rules

In an inscrutable move that has alarmed state treasurers, the Federal Reserve, along with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, just changed the liquidity requirements for the nation’s largest banks. Municipal bonds, long considered safe liquid investments, have been eliminated from the …

What We Could Do with a Postal Savings Bank: Infrastructure that Doesn’t Cost Taxpayers a Dime

We at Ethical Markets  fully support    restoring this  savings bank function to  our US Post Office  and funding new infrastructure at no cost to taxpayers, as in many other countries in Europe and  in Japan . –  Hazel Henderson, editor  What We Could Do with a Postal Savings Bank: Infrastructure …

The Cypriot viewpoint

     The Cypriot viewpoint By Cyprus.com Editors Cyprus Bailout: Stupidity, Short-Sightedness, Something Else? A quick run-down on the impressively stupid handling of the “Cyprus bailout” by the EU. And, before we go on, we should note that the on-the-ground situation for visitors and tourists is perfectly fine – Cypriots are …

Why the AGs Must Not Settle: Robo-signing Is Just the Tip of the Iceberg

Why the AGs Must Not Settle: Robo-signing Is Just the Tip of the Iceberg Posted on February 4, 2012 by Ellen Brown A foreclosure settlement between five major banks guilty of “robo-signing” and the attorneys general of the 50 states is pending for Monday, February 6th; but it is still …

A Healthy Financial System Cannot Be Built On The Expectation Of Bailouts

A publication from Baseline Scenario A Healthy Financial System Cannot Be Built On The Expectation Of Bailouts Posted: 05 Mar 2011 06:43 AM PST By Simon Johnson. Testimony submitted to the Congressional Oversight Panel, ?Hearing on the TARP?s Impact on Financial Stability,? Friday, March 4, 2011. I. Summary 1) The …