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

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 much more serious and more damaging […]

February 7th, 2015 | Posted in Blog | Read More »

Fiscal cliff looms large for all of us

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 street after a year-long binge […]

November 11th, 2012 | Posted in Article Library | Read More »

Michael Hudson: how finance capitalism leads to debt servitude

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 the financial system evolved into […]

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

The Case for a Financial WikiLeaks

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 a big part in dissuading […]

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

How Wall Street used complexity to deceive sophisticated investors

December 17th, 2011 By Brett Sherman 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 was so much complexity in the various methods […]

December 17th, 2011 | Posted in Blog | Read More »

The dukes and earls in America’s great tower of bullshit start to blink

By Ian Fraser Published: QFINANCE Date: October 20th, 2011 There may be a good few Maoists, Trotskyists, Anarcho-Syndicalists and even the odd deluded benefit scrounger among them, but it is simply wrong to characterize the Occupy Wall Street protestors who are camping out in 1,500 cities worldwide as wanting to overthrow capitalism, in the same way […]

October 20th, 2011 | Posted in Article Library,Blog,Latest Articles | Read More »

Chris Hedges on “The Alyona Show”

October 8th, 2011 Pullitzer 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 the movement impetus in the US […]

October 9th, 2011 | Posted in Blog | Read More »

Slowly but surely the media are waking up to Occupy Wall Street

October 8th, 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 an Orwellian virtual black out, followed by shockingly slanted coverage from the likes of CNN […]

October 8th, 2011 | Posted in Blog | Read More »

James K Galbraith: Wall Street so riddled with fraud, it’s beyond repair

October 3rd, 2011 So it was endemic fraud and the collapse of the rule of law—not global imbalances or government and regulatory failure—that destroyed the financial system. In a keynote speech given at the Post Keynes conference in Denmark earlier this year, the Keynesian economist James K. Galbraith of the L.B.J. School of Public Affairs at the University of Texas at […]

October 3rd, 2011 | Posted in Blog | Read More »

Time’s panegyric to the City of London is beyond parody

September 29th, 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 regulation. In his second paragraph, […]

September 29th, 2011 | Posted in Blog | Read More »