Ellen Brown May 7, 2010 www.webofdebt.com/articles Last week, Goldman Sachs was on the congressional hot seat, grilled for fraud in its sale of complicated financial products called “synthetic CDOs.” This week the heat was off, as all eyes turned to the attack of the shorts on Greek sovereign debt and …
Sovereign Governments v. Lords of Finance
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Weaknesses in financial sector risk management persist, says the Economist Intelligence Unit
Many of the flaws in risk management at banks and insurers that precipitated the global financial crisis remain unaddressed even as new risks have emerged, according to new research from the Economist Intelligence Unit. The report, Rebuilding trust: Next steps for risk management in financial services, sponsored by SAS, examines …
The Baseline Scenario
“Most Observers” Do Not Agree With Larry Summers On Banking Posted: 03 May 2010 06:42 AM PDT By Simon Johnson What is the basis for major policy decisions in the United States ? Is it years of careful study, using the concentration of knowledge and expertise for which this country …
Simon Johnson Sets Senators Dodd and Corker Straight! Breaking up the 6 TBTF Banks Also Could Increase Shareholders’ Value
Why Do Senators Corker And Dodd Really Think We Need Big Banks? Posted: 01 May 2010 04:48 AM PDT By Simon Johnson On Friday, Senator Bob Corker (R, TN) took to the Senate floor to rebut critics of big banks. His language was not entirely senatorial: “I hope we’ll all …
Ending Interconnectedness: It’s Already in the Bill
Jane D’Arista University of Massachusetts, Amherst SAFER www.peri.umass.edu/safer On the eve of the proposed debate on the Restoring Financial Stability Act reported by the Senate Banking Committee, the focus was on the weaknesses in the bill – in particular, that it didn’t do enough to prevent a repetition of a …
The Baseline Scenario
The Baseline Scenario ——————————————————————————– Three Modest Proposals For Goldman Sachs What Did Goldman Know And When Did It Forget It? Three Modest Proposals For Goldman Sachs Posted: 27 Apr 2010 03:28 PM PDT By Simon Johnson, co-author of 13 Bankers: The Wall Street Takeover and The Next Financial Meltdown At …
Goldman v. United States: What it Really Means Goldman
Former Wall Streeter Says Let’s Roll on Reform – Ed. John Fullerton is also a member of Ethical Markets Advisory Board By John Fullerton, former Managing Director of JPMorgan and Founder of the Capital Institute. April 25, 2010 “It is not what a lawyer tells me I may do, but …
UK civil society review of G20 Progress
Fundamental change or more of the same? A review of G20 progress towards UK civil society recommendations published by Bond, Bretton Woods Project, new economics foundation, Stop Climate Chaos, and TUC http://www.brettonwoodsproject.org/doc/G20progressreview.pdf In this review, we assess the progress of the G20, and particularly of the UK government, towards the …
Book Bytes – 76: Lowering Income Taxes While Raising Pollution Taxes Reaps Great Returns | EPI
As economic decisionmakers—whether consumers, corporate planners, government policymakers, or investment bankers—we all depend on the market for guidance. In order for markets to work and economic actors to make sound decisions, the markets must give us good information, including the full cost of the products we buy. Read more…