Posted: 10 Apr 2010 12:46 AM PDT By Simon Johnson At the heart of the currently proposed legislation on financial reform (e.g., the Dodd bill and what we are expecting on derivatives from the Senate Agriculture committee), there is a simple premise: Key decisions about exact rules going forward must …
Americans for Financial Reform: Stop the Casino Economy
Pop quiz: what do all of these problems have in common? Wildly volatile food and energy prices The failure of AIG, Lehman Brothers and Bear Stearns The collapse of our financial markets The loss of trillions of dollars of wealth by investors Give up? They can all be traced to …
Earth Policy Release — Lowering Income Taxes While Raising Pollution Taxes Reaps Great Returns
Lowering Income Taxes While Raising Pollution Taxes Reaps Great Returns www.earthpolicy.org/index.php?/book_bytes/2010/pb4ch10_ss2 By Lester R. Brown Earth Policy Release Book Byte April 7, 2010 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 …
Watch Key Hearing NOW of the Financial Crisis Inquiry Commission!
The Financial Crisis Inquiry Commission hearings are getting deeper into the causes of the crisis yet are not being covered in depth by mainstream media. The Commission’s chair is Phil Angelides, former State Treasurer of California (who is featured on our TV series), and is composed of a balanced group …
The Baseline Scenario
The Most Dangerous Man in America: Jamie Dimon Posted: 03 Apr 2010 04:15 AM PDT By Simon Johnson There are two kinds of bankers to fear. The first is incompetent and runs a big bank. This includes such people as Chuck Prince (formerly of Citigroup) and Ken Lewis (Bank of …
The Baseline Scenario
Contradicting Secretary Geithner Posted: 02 Apr 2010 03:58 AM PDT By Simon Johnson Speaking Thursday morning on the Today show, Treasury Secretary Tim Geithner insisted on two points: 1. If the bank rescue of 2008-09 had been handled in any other way – for example, being tougher on bankers – …
Grassroots in Europe Support for Financial Transactions Tax Growing
Robin Hood Tax (RHT) Campaign – post-budget Update Hi One and All Following the ‘Sachs-in-the-City’ update that related the amazing few days of Jeff Sachs’ whirlwind visit when we met with Alastair Darling, George Osbourne and Vince Cable, culminating in the Archbishop of Canterbury coming out in favour of the …
Kaufman, in Senate Floor Speech, Says Only Breaking Apart Mega-Banks Will End Problem of “Too Big to Fail”
We thank Senator Kaufman for his Leadership! – Ed. In a March 26 speech, Sen. Kaufman takes on the critical issue of banks that are “too big to fail” and whether it is adequately addressed in the Senate’s current financial reform legislation. His conclusion: Congress must erect statutory walls between …
The Baseline Scenario: Who Will Tell The President? Paul Volcker
More Good Sense from Simon Johnson. – Ed. Posted: 28 Mar 2010 03:18 AM PDT By Simon Johnson: link to NPR radio interview (and book excerpt) on how 13 Bankers got their hands on so much political and economic power – and why this spells serious danger for the rest …
Sustainable Financial Markets: Long Finance Movement
Ideas for Reform from a British, Market-Friendly Perspective. – Hazel Henderson, Ed Posted: 23 Mar 2010 07:31 PM PDT NSFM participant Prof Michael Mainelli is pushing forward ideas very compatible with NSFM core beliefs in a new project called the “Long Finance” Movement – see http://www.longfinance.net for more details. The …