Post Tagged with: "crash"

The Five Experts

Economic Experts: Put Wall Street Back in Its Box

By Nancy Spannaus Sept. 27, 2018—A blockbuster forum at the National Press Club last night brought together five economic experts to discuss the 2008 financial crash and what can be done to prevent a new one. Addressing the audience of approximately 100 people were: 1) Nomi Prins, former Wall Street […]

by September 27, 2018 News
Senator Sherrod Brown

Americans for Financial Reform Puts Spotlight Back on Wall Street

By Angela Vullo July 26, 2018–Not since the movie “The Big Short” has Wall Street been so exposed as the enemy of the American public. In a rare performance, in the Hart Senate Office Building on July 24, truth was told in a forum on the economy on Capitol Hill.  […]

by July 26, 2018 News
The rise of bank profits may skew the ABA's perception.

The ABA Is Ecstatic: What Are the Bankers Smoking?

By Nancy Spannaus June 22, 2018—In a June 21 release, the Economic Advisory Committee of the American Bankers Association (ABA) declared that the U.S. economy was “fundamentally strong.” While making a nod toward possible disruptions from the ongoing trade conflict, the 16 economists from the major money-center banks who make […]

by June 22, 2018 News
WaPo Warns of “Mother of All Credit Bubbles:” Who’s Listening?

WaPo Warns of “Mother of All Credit Bubbles:” Who’s Listening?

June 12, 2018—An extraordinary article by regular financial columnist Steven Pearlstein in the June 10 Washington Post warned that a surge in corporate debt has created “the mother of all credit bubbles,” and put the U.S. (and world) financial systems on the road to a new crash worse than that […]

by June 12, 2018 News Shorts
Nomi Prins present her book Collusion on May 2 in Washington, D.C.

Prins Presents Her New Book at D.C. Bookstore

May 3, 2018—A crowd filled up all the available seats at the Politics and Prose bookstore in Washington, D.C. last night, eager to hear Wall Street whistle-blower and renowned author Nomi Prins discuss her latest book. The author, once a Wall Street insider at Goldman Sachs, Bear Stearns, and Lehman […]

by May 3, 2018 News
Federal Reserve headquarters in Washington, D.C. (wikimedia commons)

Solve the Fed’s Dilemma–with Glass-Steagall

April 24, 2018—“Could the Fed Set Off a Debt Bomb?”, asked financial pundit Satyajit Das in an article for Bloomberg April 12. Das’s analysis of the minefield which the Fed faces in the weeks and months ahead, serves as a warning to those of all political stripes who keep mindlessly […]

by April 24, 2018 News Shorts
Neel Kashkari, governor of the Minneapolis Federal Reserve (wikimedia)

Fed’s Kashkari & Sen. Warren Address Too Big to Fail

April 17, 2018—Minneapolis Federal Reserve Governor Neel Kashkari and Massachusetts Senator Elizabeth Warren were the lead speakers April 16 at a Howard University event on Too Big to Fail 10 Years after the Crash. Both stressed the fact that while Wall Street, bank managers, and the banks have come roaring […]

by April 18, 2018 News Shorts
The Wall Street bull

More Warnings of a Coming Crash

April 8, 2018—In an interview with CNBC on April 6, Scott Minerd, head of investing for Guggenheim Partners, pointed to ballooning corporate debt as the probable source of a major financial crisis in the 2019-2020 period. “As interest rates keep ratcheting higher, with record levels of corporate debt it’s going […]

by April 8, 2018 News Shorts
Similar bubbles to the 2009 housing market bubble, are set to blow in 2018 (Wiki)

News Shorts, Feb. 12-18, 2018

  Stock Market Dives Catch Congress and Trump Flat-footed; Where is Glass-Steagall? Feb. 11, 2018—The major dives on the stock market last week shouldn’t have taken anyone in Washington by surprise, but it should finally grab their attention.  If it does, they will turn their minds to the legislation to […]

by February 12, 2018 News Shorts
Residents affected by Hurricane Maria wait in line for fuel donated by the Fuel Relief Fund in the municipality of Orocovis, outside San Juan, Puerto Rico, October 10, 2017. REUTERS/Shannon Stapleton

News Shorts for Jan. 29-Feb. 4, 2018

Uproar Grows Over Lack of Federal Disaster Relief Feb. 4, 2018—Political pressure is mounting on Congress over the fact that the $81 billion disaster relief bill passed by the House in December continues to languish, with little visible prospect of passage by the Senate. The Puerto Rican situation, where approximately […]

by February 4, 2018 News Shorts