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Writing the wrongs of the financial crash

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By Ian Fraser Published: Sunday Herald Date: August 25th, 2013 FOUR decades of laissez-faire policies have left Britain as a deeply indebted and uncompetitive economy that is unable to pay its way in the world and incapable of rediscovering its economic mojo, according to a number of economists and speakers at the …

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Senate tells HSBC: Shape up or get out of the United States

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July 18th, 2012 Senator Carl Levin has given an ultimatum to HSBC, after a lax approach to money-laundering for drugs cartels and terrorist groups saw the banking giant fail to review thousands of suspicious transactions or properly to vet clients over the past decade. Levin, famous for berating Goldman Sachs’ …

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This interview with Chris Hedges is a tour de force

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3 May 2012   In this interview and Q&A session broadcast on C-Span2’s Book TV‘s In Depth Chris Hedges provides a devastating analysis of what’s gone wrong with America and, by extension, the world. It is long, but it is rewarding viewing. Hedges, a former Pulitzer Prize-winning New York Times foreign …

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Chris Hedges on “The Alyona Show”

In Blog by Ian Fraser2 Comments

8 October 2011   Pulitzer 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 …

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The media is finally waking up to Occupy Wall Street

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8 October 2011 How well or badly has the mainstream media done with its Occupy Wall Street coverage? In my view they started out very poorly, with attempts to mock and belittle the protesters from the likes of blogger Nathalie Rothschild, then a virtual black out, followed by slanted coverage from the …

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Explaining the Tea Party and the US debt ceiling farce

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1 August 2011 If you’ve been wondering what’s been going on in America in the past few days, you could do worse than watch this irreverent, satirical take from Taiwan-based Next Media Animation. The tea partiers are portrayed as gun-toting babies, and a “highlight” come when one of these mewling …

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David Harvey: Crises of capitalism

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26 June 2011 In this RSA Animate, Professor David Harvey examines the causes of the global financial crisis and suggests it is time to look beyond capitalism towards a new social order that would allow us to live in a system that is responsible, just, and humane. Whilst I do not subscribe …

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It’s time investors saw sense and stopped giving credence to rating agencies

In Blog by Ian Fraser1 Comment

10 June 2011 Given their woeful behaviour in the run-up to the global financial crisis, one might have thought the credit rating agencies would be discredited by now. One of the agencies’ biggest mistakes was their rampant mislabelling of residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs) during the credit bubble in 2004-07. At the …