Tag Archives: UBS

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

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FDIC Sues 16 Mega-Banks and British Banks’ Association Over LIBOR Interest-Rate Rigging

On Friday the Federal Deposit Insurance Corporation filed suit against 16 of the world’s mega-banks, and against the British Banks’ Association, for colluding to rig the interest-rate-reference figure, the Libor (London Interbank Offered Rate). This action follows many other lawsuits … Continue reading

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Italy On The Move To Crush Banksters

A series of claims and court cases against banks and rating agencies in Italy is the sign of a lynch-mob sentiment in the population. It is not an accident that those institutional actions occurred a few days after the vote … Continue reading

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Detroit “Swaps” were Illegal; Now, What About All the Others Across the Country?

The Detroit Free Press reported on Tuesday, that in the City of Detroit bankruptcy case, a trial on the issue of whether Judge Steven Rhodes will authorize pre-bankruptcy interest rate swaps deals was suspended, when the judge ordered the City’s … Continue reading

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UBS, Scared by Glass-Steagall, Announces Fake Pre-Emptive ‘Separation’

UBS, one of the two “Too Big To Fail” Swiss banks, with a balance sheet over twice the Swiss GDP, is apparently scared by the SP-SVP initiative for bank separation, so that it came out with its preemptive fake scheme, … Continue reading

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Detroit City Council Points Finger of Blame in the Right Direction

By unanimous vote yesterday, the Detroit City Council rejected a proposal by emergency manager Kevyn Orr that would settle a financial deal that has cost the city hundreds of millions of dollars. In doing so, the council is taking aim … Continue reading

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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

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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

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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

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President Michael D Higgins again comes out for Glass-Steagall as issue is debated in Europe

In a Sept.11 Dublin City University speech “Toward an Ethical Economy” Irish President Michael D Higgins once again came out  for Glass-Steagall and against the Von Hayekian Chicago School.   As followers of this website know, President Higgins has consistently spoken … Continue reading

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