Defuse the Euro Time-Bomb with a Global Glass-Steagall
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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
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
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
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
Posted in New Economic Order
Tagged Argentine Republic, BRICS-plus-Unasur, British empire assets, British Financial Empire, corrupt judges, Credit Default Swaps, derivatives fraud, Elliott Management, Federal judge Griesa, Griesa's ruling, holdout creditors, international financial system, international solidarity, national sovereignty, new financial architecture, new world economic order, Paul Singer, special master Daniel Pollack, vulture funds
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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
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
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
Posted in Glass Steagall
Tagged Anglo Dutch financial empire, City of London, collapsing British empire, crimes of Wall St, derivatives fraud, Financial Stability, France, Franklin D. Roosevelt, great depression, Michel Rocard, project-syndicate.org, Socialist Prime Minister, speculative markets, Taming Europe's Banks, trans-Atlantic breakdown
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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
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
Posted in Glass Steagall
Tagged Alex Henderson, Alternet, Anglo Dutch financial empire, City of London, crimes of Wall St, Dallas Fed President, derivatives fraud, Eric Holder, financial activity, Gramm-Leach-Bliley, Marc Rich, Matt Taibbi, parasitic banks, Prof. Saule Omarova, real economy, Richard Fisher, Rolling Stone, Sen. Sherrod Brown, TBTF banks, toxic debt
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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
