Tag Archives: Bank of America

FDIC Sues 16 Mega-Banks and British Banks’ Association Over LIBOR Interest-Rate Rigging

On Friday the Federal Deposit Insurance Corporation filed suit against 16 of the world’s mega-banks, and against the British Banks’ Association, for colluding to rig the interest-rate-reference figure, the Libor (London Interbank Offered Rate). This action follows many other lawsuits … Continue reading

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No to Bail-In: Leading Economist Says Hoenig Is Right, Dudd-Frank Wrong

A lengthy article by former IMF chief economist Prof. Simon Johnson calls FDIC vice chairman Thomas Hoenig’s debunking of the ‘bail-in’ menace on Feb. 24, “Truth from the Top” and “a devastating critique of the existing [Dodd-Frank] order.” Johnson called … Continue reading

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State Lawmakers vs. Wall Street Clashed at NCSL Today; Banksters Freaked Against Legislators Over Glass-Steagall

State Lawmakers vs. Wall Street Clashed at NCSL Today; Banksters Freaked Against Legislators Over Glass-Steagall December 5, 2013 • 9:08PM At the Legislative Forum of the National Conference of State Legislatures (NCSL), being held in Washington, D.C. Dec. 4-6, Wall … Continue reading

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`Wall Street On Parade’: Clarity on Glass-Steagall

The latest column of Pam Martens’s widely-read “Wall Street on Parade” blog takes on the Federal Reserve’s hyperinflationary money-printing policy with Glass-Steagall. Entitled, “The Official Video from the Federal Reserve on How It Creates Electronic Money”, the piece describes the … Continue reading

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Detroit City Council Points Finger of Blame in the Right Direction

By unanimous vote yesterday, the Detroit City Council rejected a proposal by emergency manager Kevyn Orr that would settle a financial deal that has cost the city hundreds of millions of dollars. In doing so, the council is taking aim … Continue reading

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Government Shutdown Careens Toward Oct. 17 U.S. Debt Blowout

  Other than LaRouche PAC, no signs of sanity have emerged in Washington, D.C. over the last 24 hours on the government shutdown. If anything, the two sides are more entrenched, reaching new heights of sophistry, and with no serious … Continue reading

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Former Banker’s Column Attacks Wall Street Obama, Calls For Glass-Steagall

  Pam Martens’ widely read blog “Wall Street on Parade: the citizen’s guide to Wall Street”, goes after President NerObama on Sept. 24 as a creature of Wall Street, and calls for restoration of the Glass-Steagall Act. Martens takes the … Continue reading

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Kaptur Calls for Members to Co-sponsor H.R. 129, in Speech on House Floor

  18 Sept (LPAC) In a five-minute speech on the floor of the House during Morning Business today, Rep. Marcy Kaptur (D-Ohio) called for House Members to become co-sponsors of her bill to restore the Glass-Steagall Act. Given on the … Continue reading

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Fed Minutes’ Message: `We’re in Trouble’

21Aug. (LPAC) After the release of the minutes of the July 30-31 Federal Reserve Open Market Committee (FOMC) meeting, the headlines were “broad support for Bernanke’s tapering timeline”, and interest rates immediately started rising further in the bond markets. But … Continue reading

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Wall Street Mafia In Desperate Drive To Stop Glass-Steagall

For Immediate Release: AUG. 9, (LPAC) — The criminal enterprise known as the Wall Street “too big to fail” banks is engaged in a desperate effort to block passage of Glass-Steagall. Bills have been introduced in both the U.S. House … Continue reading

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