Tag Archives: derivatives fraud

Banking Collapse? LaRouche Stresses: Go Back to ‘Go,’ & Start Again! Productivity Is Primary—the Herrhausen Method

Friday morning, Deutsche Bank’s Chief Economist David Folkerts-Landau, in an interview on CNBC TV, again made his call for a bail-out/recapitalization for European banks, saying that the central bank policy is a failure, and is destroying the channel for credit … Continue reading

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Obama Continues To Be ‘President of Economic Collapse’

As President Obama herds Congressional Democrats to support across-the-board entitlement cuts in a new two-year budget, his “economic recovery” continues to collapse around him. EIR Founding Editor Lyndon LaRouche dubbed him “the President of economic collapse.” A major New York … Continue reading

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Bernanke: Don’t Do Glass-Steagall; You’ll Shut Down Wall Street

Speaking at an interview staged by Politico Oct. 20, former Fed chief helicopter-money man Ben Bernanke said that passing a new Glass-Steagall Act would shut down Wall Street, in effect. The man who bailed out Wall Street and London megabanks … Continue reading

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100 International Economists Ask U.S. Congress to Reverse Judge Griesa’s Insanity

In a July 31 open letter to the U.S. Congress, 100 international economists warn that the ruling by New York Federal Judge Thomas Griesa ordering Argentina to pay $1.6 billion to the predatory vulture funds, if not reversed, could cause … Continue reading

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Reserve Requirements Ridiculed, Glass-Steagall Demanded

Moving the leverage ratio won’t change anything, says Dr. Gerrald Epstein — only Glass Steagall will change the fact that today’s banks do nothing for the real economy. Epstein, co-director of the Political Economy Research Institute (PERI) and a member … Continue reading

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Nomi Prins: Reinstate Glass-Steagall To End Wall Street-White House Collusion in Wrecking the United States

Nomi Prins, author of the just-released All the Presidents’ Bankers, issues a firm call for reinstating Franklin Roosevelt’s 1933 Glass-Steagall law as the way to finally put an end to the dominance of the Big Six Banks over “not just … Continue reading

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Former French Prime Minister, Writing on ‘Taming Europe’s Banks,’ Cites FDR’s Glass-Steagall for Financial Stability

Michel Rocard, the Socialist Prime Minister of France 1988-1991, today released a column entitled “Taming Europe’s Banks,” in which he praises the effects of the original 1933 Glass-Steagall Act and implies that such legislation is needed now. Rocard notes that … Continue reading

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Dingell Remembered for His Prophetic Assessment of Consequences of Repealing Glass-Steagall

Michigan Democrat John Dingell announced yesterday that he will not seek re-election after serving 58 years in the House (the longest of anyone). Amid the press coverage of his announcement, the Huffington Post’s stands out because it emphasizes Dingell’s opposition … Continue reading

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Glass-Steagall Repeal Opened the Gates of Hell

In a lengthy article in Rolling Stone Feb. 12, Matt Taibbi presents the Gramm-Leach-Bliley bill (GLB) repealing Glass-Steagall in 1999 as not only a national disaster on that account, but also as legislation which contained a number of hidden “time … Continue reading

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Another Hearing, Warren Scores Another Point for Glass-Steagall

On the eve of Sen. Sherrod Brown’s Senate Banking subcommittee hearing on banks owning physical commodities and production infrastructure, the Federal Reserve made a “surprise” announcement that it was reviewing its decisions a decade ago—to let banks own physical commodities … Continue reading

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