The ECB’s Noose Around Greece: How Central Banks Harness Governments

Jay Owen Reforming Global Finance

The ECB’s Noose Around Greece: How Central Banks Harness Governments by Ellen Brown Remember when the infamous Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament in December, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks? (See January …

Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins

Jay Owen Reforming Global Finance

Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins   Ellen Brown http://EllenBrown.com March 29, 2014     “As things stand, the banks are the permanent government of the country, whichever party is in power.”   – Lord Skidelsky, House of Lords, UK Parliament, 31 March 2011)     On …

The Bank Guarantee That Bankrupted Ireland

Jay Owen Reforming Global Finance

The Bank Guarantee That Bankrupted Ireland Posted on November 2, 2013 by Ellen Brown The Irish have a long history of being tyrannized, exploited, and oppressed—from the forced conversion to Christianity in the Dark Ages, to slave trading of the natives in the 15th and 16th centuries, to the mid-nineteenth century “potato famine” that was really …

IORP II impact studies, people roundup, APG DC platform, Polish reform, Rabobank, Thornburg

Jay Owen SRI/ESG News

      Dear Dr Hazel Henderson                 Today’s top stories             European Commission asks ECB, Joint Research Centre to conduct IORP II impact studies   EUROPE – Brussels seeks to gauge potential impact on markets, occupational pension funds. …

Winner Takes All: The Super-priority Status of Derivatives

Jay Owen Reforming Global Finance

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 …

A Safe and a Shotgun or Publicly-owned Banks? The Battle of Cyprus

Jay Owen Reforming Global Finance

A Safe and a Shotgun or Publicly-owned Banks? The Battle of Cyprus Posted on March 21, 2013 by Ellen Brown If these worries become really serious, . . . [s]mall savers will take their money out of banks and resort to household safes and a shotgun. – Martin Hutchinson on the attempted EU raid on …