Home » bank failures You are browsing entries tagged with “bank failures”

Fear and loathing in City of London as Barnier taps consumer power

By Ian Fraser Published: QFINANCE Date: April 4th, 2012 Michel Barnier is viewed with a mixture of fear and loathing in the City of London. In the Square Mile the Frenchman is variously regarded as a bogeyman, a champion of dirigisme, and even as the ringleader of a sinister Franco-German plot to undermine London’s position and ensure […]

April 4th, 2012 | Posted in Article Library,Blog | Read More »

The dukes and earls in America’s great tower of bullshit start to blink

By Ian Fraser Published: QFINANCE Date: October 20th, 2011 There may be a good few Maoists, Trotskyists, Anarcho-Syndicalists and even the odd deluded benefit scrounger among them, but it is simply wrong to characterize the Occupy Wall Street protestors who are camping out in 1,500 cities worldwide as wanting to overthrow capitalism, in the same way […]

October 20th, 2011 | Posted in Article Library,Blog,Latest Articles | Read More »

Chris Hedges on “The Alyona Show”

October 8th, 2011 Pullitzer prize-winning war correspondent and author Chris Hedges last week spoke to RT’s Washington correspondent Alyona Minkovski to give his views on the fast-growing Occupy Wall Street movement. Standing amongst protesters from the Occupy D.C. protest, Hedges explained the deep sense of frustration that is giving the movement impetus in the US […]

October 9th, 2011 | Posted in Blog | Read More »

Paul Krugman: Occupy Wall Street might well be the turning point

October 7th, 2011 New York Times columnist Paul Krugman has thrown his weight behind the Occupy Wall Street protests, saying: “Occupy Wall Street is starting to look like an important event that might even eventually be seen as a turning point.” Krugman, who won the Nobel prize for economics in 2008 and is professor of […]

October 7th, 2011 | Posted in Blog | Read More »

On banking, David Cameron is either clueless or a liar

October 5th, 2011 David Cameron displayed an astonishing lack of understanding of the banking sector in his interview with Sarah Montague on the BBC Radio 4 Today programme on Tuesday morning (as, I’m afraid, did Sarah, given her blinkered obsession with “bonuses”). If Cameron’s stumbling performance was due to ignorance, then it’s inexcusable. If it’s […]

October 5th, 2011 | Posted in Blog | Read More »

Time’s panegyric to the City of London is beyond parody

September 29th, 2011 It’s incredible how some journalists got it so wrong about the City of London just prior to the crash of 2007-09. In January 2007 Time Magazine’s Adam Smith wrote an unctuous feature about the Square Mile which lavished praise on Gordon Brown’s “light touch” approach to financial regulation. In his second paragraph, […]

September 29th, 2011 | Posted in Blog | Read More »

Chandran Nair: Game over for Western capitalism

September 23rd, 2011 By Chandran Nair  The extreme form of capitalism which has permeated the world, particularly in the last 30-40 years, is in deep trouble and we are in denial. It is important to understand that fundamental principles of capitalism – that human beings are rational and markets behave rationally, and that markets will […]

September 23rd, 2011 | Posted in Blog | Read More »

Charting the psychological journey of the UBS ‘rogue’ trader

By Ian Fraser Published: QFINANCE Date: September 22nd, 2011 The gigantic $2.3 billion losses that Union Bank of Switzerland is blaming on a Ghanaian-born “rogue” trader have added power to the elbows of all those who believe that “casino” banking ought to be completely separated from “utility” banking and should never be underwritten by the taxpayer. UBS, […]

September 22nd, 2011 | Posted in Article Library,Blog,Latest Articles | Read More »

Cameron must not go soft on the banks

By Ian Fraser Published: Sunday Herald Date: September 3rd, 2011 As leader of the opposition, David Cameron gave the impression he intended to be tough on the banks. In an interview with Sky News in January 2009, he called for criminal actions against bankers and earlier said we needed “a day of reckoning” for those […]

September 4th, 2011 | Posted in Article Library,Latest Articles | Read More »

Wall Street persists with line “Trust us. We can regulate ourselves”

April 15th, 2011 This episode from Anderson Cooper’s 360° from CNN makes it clear why investment bankers and people in ratings agencies, among others, should be prosecuted for their role in causing the global financial crisis. In the programme the Rolling Stone journalist Matt Taibbi and former New York State governor Eliot Spitzer explain the […]

April 15th, 2011 | Posted in Blog | Read More »