Tag Archives: GSIFIs

It’s the Derivatives, Stupid!

Thomas Hoenig, vice chairman of the Federal Deposit Insurance Corporation, said in an Aug. 13 interview with Reuters that the main reason the U.S. Financial Services Oversight Board of regulators decisively rejected the big banks’ “living wills” on Aug. 8, … Continue reading

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Warren Says Either Glass-Steagall or Too-Big-To-Fail; Slams Holder on Bank “Prosecutions”

Speaking at a Washington conference on “new populism” of the Campaign for America’s Future, Glass-Steagall sponsor Sen. Elizabeth Warren did not mention her legislation until prompted by LaRouche PAC during the question period to “talk about Glass-Steagall.” Warren then unleashed … Continue reading

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New Legislative Initiative in Italy for a National Glass-Steagall Act

Tuscany City Councilman Gabriele Chiurli has started a procedure for a national Glass-Steagall Act. Italian law allows a local legislative body to introduce national draft bills, which, however, must be first approved by the local legislature—in this case, the Regional … Continue reading

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FDIC Vice-Chair Hoenig: “Separate Out Commercial Banks from Those Doing Broker-Dealer Trading Activities”

FDIC Vice-Chair Thomas Hoenig pointed to a number of problems which still threaten the soundness of the U.S. banking system in interview published in the May 20, 2014 CNN/Fortune magazine in an interview with Eleanor Bloxham, CEO of the Value … Continue reading

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Bill Clinton: Glass-Steagall Repeal Didn’t Cause Crash, But Deregulation of Derivatives Did

Bill CLinton spoke Wednesday at the Peter Peterson Foundation 2014 Fiscal Summit, interviewed by Gwen Ifill of PBS. Ifill noted the widespread discussion about deregulation, and asked Clinton if he had gone too far in deregulating the economy, contributing to … Continue reading

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Liam Halligan: There Is an Overwhelming, Pressing Need for Glass-Steagall

Liam Halligan Halligan published a strong article in favor of Glass-Steagall in the Telegraph Saturday, under the headline “Only full separation will make our big banks safe.” Halligan has frequently called for Glass-Steagall in the past, and reflects one current … Continue reading

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Hoenig Chafes Congress for Not Passing Glass-Steagall, Says Big Bank Bailouts Coming Again

In a speech titled “Can We End Financial Bailouts?” to the Boston Economics Club on May 7 and posted on the website of the Federal Deposit Insurance Corp., FDIC Vice-Chairman Thomas Hoenig answered, essentially, “No, we can’t, because Congress hasn’t … Continue reading

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Elizabeth Warren Pushes Bipartisan Glass-Steagall Versus Wall Street

Appearing Sunday on ABC This Week, Sen. Elizabeth Warren (D-Mass.), who is on nationwide book tour for her new book, A Fighting Chance, made a strong pitch for Congress to pass Glass-Steagall with strong bipartisan support. The introduction by George … Continue reading

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European Parliament Votes Big Quantitative Stealing (Bail-In Regime)

With a vote in the European Parliament two days ago, the final seal has been put to the bail-in legislation and the Bank Resolution Mechanism for the European Union. Now the legal text must be put into practice, and it … Continue reading

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Nomi Prins on Wall Street: “There Is No Counterbalance to Their Power.”

Under the title: “We are in great danger: Ex-banker details how mega-banks destroyed America,” Salon interviewed Nomi Prins, former Goldman Sachs managing director and author of “All the Presidents’ Bankers: The Hidden Alliances That Drive American Power”. She told Salon.com … Continue reading

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