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HSBC’s drugs money laundering settlement a mockery of justice, says Warren

Elizabeth Warren

March 7th, 2013 Senator Elizabeth Warren (Democrat-Massachusetts), has once again revealed the dangerous double standards at the heart of the US justice system. Appearing at the Senate Banking Committee, the former Harvard law professor questioned officials from the US Treasury Department and US Federal Reserve over why criminal charges were not pressed on HSBC or […]

March 7th, 2013 | Posted in Blog | Read More »

Stephen Hester: The great escape artist

RBS Libor rigging

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 34-35 the Sunday Herald on […]

February 10th, 2013 | Posted in Article Library | Read More »

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

Lecture at Norges Bank

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, and not immutable, set of […]

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

Michael Hudson: how finance capitalism leads to debt servitude

Drowning in debt Washington

October 19th, 2012 This edited transcript is expanded from a live phone interview with Michael Hudson by Dimitris Yannopoulos for Athens News. It summarizes some of the major themes from Hudson’s new book, The Bubble and Beyond: Fictitious Capital, Debt Deflation and Global Crisis, published in the UK in July 2012 and available from Amazon.co.uk. The […]

October 19th, 2012 | Posted in Blog | Read More »

Resolving the banking crisis will require radical surgery and quiet determination

Standard Chartered Bank - pirate bankers

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 »

Matt Taibbi: “I cannot imagine how a sane person could describe Libor rigging as a victimless crime”

Matt Taibbi

July 20th, 2012 I entirely agree with Matt Taibbi here. Rush transcript from Democracy Now below:- JUAN GONZÁLEZ: We end today’s show with Matt Taibbi. He’s a contributing editor for Rolling Stone magazine. His most recent in-depth piece is “The Scam Wall Street Learned from the Mafia: How America’s Biggest Banks Took Part in a […]

July 20th, 2012 | Posted in Blog | Read More »

You’re telling me that Ben Bernanke is full of s**t? How securitizations work

Xtranormal

June 29th, 2012 I just love this one. Apologies in advance to the sensitive, in case you’re offended by the repeated use of a certain word. It was made using Xtranormal h/t Anat Admati, professor of finance and economics Stanford Graduate School of Business. Follow Anat on twitter

June 29th, 2012 | Posted in Blog | Read More »

New series: The new economic thinkers who can rescue us from the current financial dystopia

Laputa Castle in the Sky

June 27th, 2012 I have just written a five-part series for Mindful Money, exploring the ideas of a group of ‘new economists’ who argue that alternative approaches to neoclassical thinking are essential if we are to emerge from the current financial dystopia Introduction — The End of Economics as We Know it The inhabitants of […]

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

Ex-RBS chief Fred Goodwin will tell court: I did nothing wrong

ex-RBS CEO Fred Goodwin at Treasury Committee Feb 2009

By Ian Fraser Published: The Herald Date: June 26, 2012 Disgraced former Royal Bank of Scotland chief Fred Goodwin will tell a court that he did not dupe the bank’s shareholders when he asked them for £12 billion just months before its near-collapse, writes IAN FRASER. Mr Goodwin and other former directors are facing a £3bn […]

June 26th, 2012 | Posted in Article Library | Read More »

About as invincible as Spain’s Grande y Felicísima Armada

the invincible Armada

March 16th, 2012 Ian Fraser’s introduction: This blog was written by Golem XIV, a pseudonym for filmmaker and author David Malone.   Imagine if you were in a plane and you looked down and spread out beneath you, majestic in the ocean, was an entire mighty battle fleet. And then it sank; not just one, but every […]

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

Fraser on Twitter

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