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12-year-old Victoria Grant: “Never doubt that a small group of people can change the world”

October 21st, 2012 Twelve-year-old Victoria Grant explains why her homeland, Canada, and most of the rest of the world, have become enslaved by debt. She gave this remarkable six-minute speech on April 27th, 2012, at the Public Banking in America Conference, held in Philadelphia, Pennsylvania, USA. Here’s what SmartKnowledgeEU had to say about Victoria Grant […]

October 21st, 2012 | Posted in Blog | Read More »

Guest post: The parable of the bailouts

October 18th, 2012 By Tom Nicol ‘Then the flying machines started falling from the sky.’ Once upon a time in the Westerlands, people became aware of a developing phenomenon: flying machines were falling from the sky with a great deal more regularity than was previously the case. Understandably, the people became uneasy and started to […]

October 18th, 2012 | Posted in Blog | Read More »

FSA plays dangerous game with relaxation of capital rules

October 10th, 2012 Today the Financial Services Authority formally relaxed capital and liquidity rules on UK banks in the vague hope this might kickstart lending and do something to ensure the UK economy can pick itself up off the floor. The Canary Wharf-based regulator also said that it would not require banks to hold extra […]

October 10th, 2012 | Posted in Blog | Read More »

Robert Jenkins: Puncturing bankers’ myths

September 26th, 2012 [Ian Fraser’s introduction] In this speech, Robert Jenkins blows apart the self-serving myths that bankers and their lobbyists have been peddling since the financial crisis ripped the financial system apart in 2007-. He also explains that ‘captured’ regulators and politicians have swallowed the myths whole. As a result, post-crisis regulatory reform is a mess […]

September 27th, 2012 | Posted in Blog | Read More »

Written evidence to the Parliamentary Commission on Banking Standards

Parliamentary Commission on Banking Standards Submission from Ian Fraser, 24 August 2012 [Update: January 12, 2013. This is my submission to the Parliamentary Commission on Banking Standards, which is being chaired by Andrew Tyrie MP. Written in August 2012, it was published on the Parliamentary website [pdf 28mb] on December 19th, 2012 — it can be found on […]

September 21st, 2012 | Posted in Blog | Read More »

Dear David Cameron: Entrusting economic policy to ex-investment bankers is no solution

September 7th, 2012 When David Cameron reshuffled his cabinet earlier this week, the arrival of a trio City of London bankers and consultants at Her Majesty’s Treasury went almost unnoticed. The three men are Paul Deighton, a former Goldman Sachs partner and chief operating officer for Europe (pictured above), Sajid Javid, a former global head of credit […]

September 7th, 2012 | Posted in Blog | Read More »

Martin Wheatley: Elements of UK banking culture “rotten to the core”

September 7th, 2012 The managing director of the Financial Services Authority, Martin Wheatley, has launched a stinging attack on ‘mis-selling’ of financial products by banks, building societies and other financial institutions to their retail customers, even describing the incentive schemes that underpinned the ‘misselling’ of payment protection insurance (PPI) as “rotten to the core”. In […]

September 6th, 2012 | Posted in Blog | Read More »

Resolving the banking crisis will require radical surgery and quiet determination

By Ian Fraser Published: Sunday Herald Date: August 12th, 2012 STANDARD Chartered, the London-headquartered bank that does most of its business in Asia, was – until the beginning of last week – the last good bank standing. It was one of the select band of banks to characterise themselves as a cut above the rest, having […]

August 12th, 2012 | Posted in Latest Articles | Read More »

Guest Post: The Libor crime scene will soon be expanded

July 16th, 2012 By The Left Banker Image: WilliamBanzai7 For the past 30 years, the global economy has built up increasingly vast amounts of public, private and household debt. This was to compensate for the fall in real wages and to avoid a repeat of the crisis of over-production of goods and services seen from mid-1970s […]

July 16th, 2012 | Posted in Blog | Read More »

How London became the money-laundering capital of the world

July 15th, 2012 By Rowan Bosworth-Davies Speaking on the Marr Show on BBC One on March 23rd, the former Daily Telegraph editor and historian Max Hastings said a “senior central banker” recently told him that London is now considered to be the “money-laundering capital of the world”. Hastings was discussing the shooting of a Russian […]

July 15th, 2012 | Posted in Blog | Read More »