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Bill Black: We’ve given bankers a licence to defraud

In Blog by Ian Fraser1 Comment

February 7th, 2015 As a U.S. Federal litigator, Bill Black had a pivotal role in ensuring that hundreds of the bankers behind the U.S. savings and loan crisis of the late 1980s were put behind bars. Since then, he’s become increasingly exasperated by his country’s failure to prosecute any senior bankers for the …

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Fiscal cliff looms large for all of us

In Article Library by Ian Fraser1 Comment

By Ian Fraser Published: Sunday Herald Date: November 11th, 2012 Stability of leadership has been confirmed in the US and China – now they need stability in their economies, or the world will suffer. By Ian Fraser Today’s global economy is like a drunk meandering his way across a busy …

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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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The Case for a Financial WikiLeaks

In Blog by Ian Fraser4 Comments

By Brett Scott May 15th, 2012 (edited May 16th, 2012) The greatest barriers to financial whistleblowing are social and economic, not legal. Fear of being shunned by colleagues, passed over for promotion, bullied and harrassed, summarily dismissed and even shut out of Wall Street or the City for life plays …

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How Wall Street used complexity to deceive

In Blog by Ian Fraser0 Comments

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 …

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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

In Blog by Ian Fraser0 Comments

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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Time magazine’s panegyric to the City is beyond parody

In Blog by Ian Fraser0 Comments

21 September 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 …

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Why the Oscar for ‘Inside Job’ is a sort of turning point

In Blog by Ian Fraser1 Comment

28 February 2011 Charles Ferguson’s movie about the financial crisis, Inside Job, released in the US in October 2010, richly deserved to win ‘Best Documentary’ at last night’s Oscars. Amid all the flimflam about actresses’ dresses and the other flaky stuff one’s subjected to around Oscars’ time, the Academy Award …

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Charles Ferguson on what drove him to make ‘Inside Job’

In Blog by Ian Fraser0 Comments

6 November 2010 The filmmaker Charles Ferguson has explained what drove him to make Inside Job, which looks set to become the seminal feature film about the financial crisis. The film — which lifts the lid on the causes of the crisis, including rampant criminality, fraudulence, self-delusion, sloppy-thinking, greed and incompetence …