The repo market is a fragile house of cards waiting for a strong wind to blow it down, propped up by misguided monetary policies that have forced central banks to underwrite its highly risky ventures.
High-interest loan companies are using Utah’s small claims courts to arrest borrowers and take their bail money. Technically, the warrants are issued for missing court hearings. For many, that’s a distinction without a difference.
What if the banking, asset-management, and insurance industries moved away from fossil fuels?
They should let a lot of their companies go bankrupt so that Americans can buy them. They should have the same kind of free market that has wrecked the US economy.
This article is excerpted from Ellen Brown's new book Banking on the People: Democratizing Money in the Digital Age, available in paperback June 1.
European fund managers are casting an increasingly skeptical eye towards the oil industry, concluding that the industry’s financial future looks grim, according to a new survey published by a London-based organization today.
Capitalism’s near-death experience with the banking crisis was a golden opportunity for progressives. But they blew it
The City of London, Britain's financial equivalent of Wall Street, is--like its American co-equal --virtually unrivaled given its capacity to develop a business largely on the basis of using the new post-war world currency, the U.S. dollar, and its corresponding wasting away of British industry.
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