Tag Archives: megabanks

New Internet Petition For Passage Of Senate Glass-Steagall Restoration Bill

Public Citizen has launched a petition to Congress to garner support for Sen. Elizabeth Warren’s bill (S. 1282) to restore the Glass-Steagall Act. Their petition bears the same title as a petition launched a week ago by Americans For Financial … 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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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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From Bail-out to Bail-in to Bailiff

(editors note:Here are three related stories on the collapse of the Trans-Atlantic financial sector. Such a collapse, at this time, is a significant factor in the British Empire’s attempted confrontation between the United States and Russia, on a thermonuclear scale. … 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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