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UK regulators pronounce on HBOS

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Financial Intelligencer Date: 18 November 2015 Seven years since HBOS crashed and burned, we are about to find out why, from a report to be jointly published on Thursday morning by the UK’s Financial Conduct Authority and Prudential Regulation Authority (part of the Bank of England). …

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Stephen Hester: The great escape artist

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By Ian Fraser Published: Sunday Herald Date: February 10th, 2013 It has been described as the biggest banking felony in history … yet no-one has been prosecuted for the Libor fixing scandal. Ian Fraser looks at the RBS sacrificial lambs.  [An edited version of this article was published on pages …

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Jan Qvigstad: Ben, Mario and Mervyn are the John Laws de nos jours

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November 15th, 2012 This is the full text of a speech given by Jan F Qvigstad, the deputy governor of Norway’s central bank, Norges Bank. The speech was delivered at the Norwegian Academy of Science & Letters on November 13th, 2012. Picture: Norges Bank  Introduction All scientific and scholarly disciplines have a particular, …

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Michael Hudson: how finance capitalism leads to debt servitude

In Blog by Ian Fraser5 Comments

October 19th, 2012 This is an edited transcript of a phone interview with Michael Hudson by Dimitris Yannopoulos for Athens News. It summarizes some of the major themes of Hudson’s new book, The Bubble and Beyond: Fictitious Capital, Debt Deflation and Global Crisis, published in the UK in July 2012.  Q: How has …

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How Wall Street used complexity to deceive

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17 December 2011 By Brett Sherman Wall Street Law Blog Is it reasonable to believe that Wall Street used complexity as a tool to dupe even sophisticated investors as to the quality of bonds backed by non-conforming mortgages during the United States housing bubble? In a word – ABSOLUTELY. Indeed, there …