Tag Archives: Citigroup

Did You Know Glass-Steagall Would Have Prevented AIG Blowout?

An interesting and fairly thorough argument for the necessity of Glass-Steagall was made in American Banker by Marcus Stanley, the head of the Americans for Financial Reform coalition, in answer to constant debating there and in the Wall Street Journal. … Continue reading

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U.S. Shift from Production to Speculation Behind Today’s Crisis

In their Feb. 7 “Wall Street on Parade” column, Pam and Ross Martens argue that losses suffered last week by four Wall Street banks in intraday trading—Goldman Sachs, Citigroup, Bank of America and Morgan Stanley—is intimately related to the shift … Continue reading

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Darrell Issa Takes On Obama Protection of Wall Street

Breaking from profile, Darrell Issa, chairman of the House Oversight and Government Reform Committee, has decided to investigate the “litigation policy” of the Obama Department of Justice “with respect to large financial institutions accused of illegality and fraud.” In a … Continue reading

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Fed Fakes Stress Tests, Banks Still Fail Them Without Glass-Steagall

The Federal Reserve did its best to fake its latest stress tests of the major banks, issuing releases which had the financial press last Friday announcing But by the time all the results dribbled out by Tuesday Mar. 25, it … 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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