Defuse the Euro Time-Bomb with a Global Glass-Steagall
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Tag Archives: Credit-Suisse
‘Gambler Banks’ Will Detonate: Are They Only in Europe?
The People’s Bank of China reminded the financial world today that trans-Atlantic and Japanese banks and stock markets just had their worst week of 2016, with all Chinese markets closed and no new data about the Chinese economy available. It … Continue reading
Royal Bank of Scotland Implodes; ‘Depression’ Like the 1930s Foreseen
The Royal Bank of Scotland (RBS) will reportedly soon announce it will be cutting many thousands of jobs amid financial losses of tens of billions. The majority government- owned bank was recently so highly leveraged that, though essentially worthless, its … Continue reading
Friedrich List Weighs in on Swiss Franc-Euro Decoupling
Jan. 15, 2015 (EIRNS) — Briefed on the Swiss decision today to decouple the national currency from the euro, Friedrich List had the following to say: “I would not worry about repercussions on Swiss exports. The Swiss franc will of … Continue reading
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
Swiss Author Gian Trepp: Our Anti-Oligarchical Tradition Is the Basis for Glass-Steagall
On October 16, Swiss book author and journalist Gian Trepp called on Swiss leaders to stick to the Swiss anti-oligarchical historical tradition as basis for a Glass-Steagall-like banking reform. Trepp responded to an article in the Swiss financial daily Neue … Continue reading
Posted in Economy, Glass Steagall
Tagged anti-oligarchical tradiyion, Bundesbrief of 1291, cantonal banks, Credit-Suisse, Emperor Friedrich II Hohenstaufen, Gian Trepp, Glass Steagall, Hapsburg King, Rütli Oath, Schiller, speculative banks, Switzerland, UBS, Urs Mueller, William Tell
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Glass-Steagall Debate in Switzerland
An Austrian professor and Swiss author Gian Trepp have intervened against the arguments brought forward by the banking lobby against the current bank separation initiative in the Swiss Parliament. Prof. Karl Socher from the Innsbruck University wrote a letter to … Continue reading
Swiss Parliament Glass-Steagall Vote Sends The World a Powerful Signal
Swiss Parliament Glass-Steagall Vote Sends – – The World a Powerful Signal – by Claudio Celani Sept. 14–The Swiss National Council (the lower house of parliament) voted on Sept. 9, with a 3:2 maiority for three distinct statements calling for … Continue reading
Switzerland Population in favor of the Trennbankensystem, ie Glass-Steagall
“There is a basic sentiment in the population,” said a Swiss journalist today who has campaigned for Glass-Steagall, to describe the political process in Switzerland around the bank separation initiative, which was reflected in the Parliament vote. The government (Federal … Continue reading
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
Credit Suisse Traders Boast: “We Created The Bail-In”
17 Aug.(EIRNS) –The EIR and the LaRouche movement exposure of the bail-in atrocity has the effect of the exorcist on the possessed. The criminals expose themselves, offering flanks for their destruction. Credit Suisse boasted about the role of its officials … Continue reading
LaRouche Irish Brigade 