Tag Archives: bail-in policy

What Must Be Done Before Another Bank Crash Hits

A statue on a spire of the Duomo Cathedral in Milan, Italy overlooks the city’s downtown and financial district. Photo (Stefano Stabile / Wikimedia Commons / CC BY-SA 3.0) DOWNLOAD PDF The warning of another, devastating Europe-U.S. banking crash before … Continue reading

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Glass-Steagall Introduced into Debate on Cyprus’s Accelerating Foreclosure Crisis

In the midst of growing popular outrage at the banks in Cyprus, Glass-Steagall-type banking reform has been introduced into the huge debate over the mortgage foreclosure crisis. The Troika (European Commission, European Central Bank, and International Monetary Fund) is demanding … Continue reading

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Bail-in Coming in Portugal with Contagion

Portugal’s biggest commercial bank, Banco Espirito Sancto (BES), is roughly a $100 billion bank, not in the trans-Atlantic megabank league, but about the size of the German Landesbanken which started to go insolvent in 2007. BES’s massive $5 billion first-half … Continue reading

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LaRouche: ‘It’s Wall Street or Mankind, Your Choice’: Global Speculative Bubble About to Break the $2 Quadrillion Barrier

After a period of relative stagnation from 2008 to 2012, the British Empire’s global speculative bubble took off like a rocket in early 2013, and is currently hyper-inflating at a rate of over 20% per year. This translates into total … Continue reading

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As Europe Lays Dying

Lyndon LaRouche: The culture of the United States and so forth has been dying, and Western Europe has been dying. The standard of living has been dying. The standard of culture, intellectual culture has been dying, getting worse and worse. … Continue reading

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Lyndon LaRouche’s Keynote to Moscow Conference

Lyndon LaRouche keynoted an all-day scientific conference in Moscow yesterday, with a 20-minute video presentation entitled “Prospects for the Survival of Mankind.” The International Scientific Conference on The Sustained Development of Mankind in the System Nature Society Man (for the … Continue reading

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FDIC Vice-Chair Hoenig: “Separate Out Commercial Banks from Those Doing Broker-Dealer Trading Activities”

FDIC Vice-Chair Thomas Hoenig pointed to a number of problems which still threaten the soundness of the U.S. banking system in interview published in the May 20, 2014 CNN/Fortune magazine in an interview with Eleanor Bloxham, CEO of the Value … Continue reading

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Hoenig Chafes Congress for Not Passing Glass-Steagall, Says Big Bank Bailouts Coming Again

In a speech titled “Can We End Financial Bailouts?” to the Boston Economics Club on May 7 and posted on the website of the Federal Deposit Insurance Corp., FDIC Vice-Chairman Thomas Hoenig answered, essentially, “No, we can’t, because Congress hasn’t … Continue reading

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European Bank Stress Tests Are a Total Charade… Again

It’s obvious that you can’t run an honest stress test on Europe’s banks—which are all bankrupt beyond repair— unless and until you are prepared to put the vast majority of those banks out of their misery, which the British Empire … Continue reading

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LPAC Policy Committee – April 7, 2014

 

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