Ellen Brown | Web of Debt | 6 Jan 2015 Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long…
Tyler Durden | Zero Hedge | 7 December 2014 52-year-old Belgian Geert Tack – a private banker for ING who managed portfolios for wealthy individuals – was described as ‘impeccable’, ‘sporty’, ‘cared-for’, and ‘successful’ and so as Vermist reports, after disappearing a month ago, the appearance of his body off the coast of Ostend is surrpunded by riddles……
by Nick Grimm | ABC.net | November 28, 2014 Cheat to increase their earnings A Swiss study has set out to establish once and for all whether bankers are scheming, untrustworthy scoundrels. The study of more than 200 international bankers put their honesty to the test and found them to be fundamentally decent human…
PoliticalVelCraft / Examiner / ZeroHedge | November 17 2014 Get Into Your Local Credit Unions Now: On November 16, the G20 will implement a new policy that makes bank deposits on par with paper investments, subjecting account holders to declines that one might experience from holding a stock or other security when the next financial banking…
by MIKE WHITNEY | Counterpunch | November 25, 2014 The International Monetary Fund has finally admitted that it was wrong to recommend austerity as early as it did in 2010-2011. The IMF now agrees that it should have waited until the US and EU economies were on a sustainable growth-path before advising them to trim their budget deficits and…
Paul Craig Roberts | 24 Nov 2014 In a few days the Swiss people will go to the polls to decide whether the Swiss central bank is to be required to hold 20% of its reserves in the form of gold. Polls show that the gold requirement is favored by the less well off and…
By Ellen Brown | November 20, 2014 While 49 state treasuries were submerged in red ink after the 2008 financial crash, one state’s bank outperformed all others and actually launched an economy-shifting new industry. So reports the Wall Street Journal this week, discussing the Bank of North Dakota (BND) and its striking success in the midst…
RT | 13 Nov 2014 Max interviews Alayne Fleischmann, the JP Morgan whistleblower, profiled in the latest Rolling Stone magazine. They talk about fraud in the mortgage backed securities business, the statute of limitations on wire fraud and what exactly it is that Jamie Dimon wants. In 2006, Fleischmann worked in a team that repackaged…
RT | 12 Nov 2014 “Ordinary people lost enormous amounts of money” when JP Morgan Chase sold millions in faulty loans – and taxpayers still paid a big chunk of its billion-dollar settlement with the government, investigative journalist Matt Taibbi told RT. READ MORE: Busted: JPMorgan inks record $13bn settlement In recent story published in…
Newsweek | 12 Nov 2014 Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS and Citigroup, on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets. Royal Bank of Scotland and JP Morgan were also fined over attempts to rig currency benchmarks in a year-long probe…