Post Tagged with: "derivatives"

Former Fed Chairman Alan Greenspan

Fixing Responsibility for the 2008 Collapse

A review by Nancy Spannaus Market Rules: Bankers, Presidents, and the Origins of the Great Recession Mark H. Rose University of Pennsylvania Press, Philadelphia, PA., 2019, 258 pp. April 17, 2019—Call me a populist if you will, but I cannot discuss the financial blowout of 2008 without holding responsible those […]

by April 17, 2019 Commentary, Review
Citibank's offices at Canary Wharf in London (dreamstime)

Mega-banks Report on Their Mega-Speculation

April 2, 2019–The end-of-year reporting by the Wall Street mega-banks on their exposure to risk should be setting off alarms on Capitol Hill and beyond. Of particular concern are the figures on speculation in derivatives contained in the annual reports which the banks (among other publicly traded companies) have to […]

by April 2, 2019 Glass-Steagall, News Shorts
FDR signing Glass-Steagall in June 1933.

Reinstating Glass-Steagall: A National Imperative

Sept. 28, 2018–The following memorandum, currently being used in Northern Virginia for mobilization in Congress, provides an updated summary of the necessity for the reinstatement. The legislation currently before the Congress has 8 sponsors in the Senate (down due to the death of Sen. John McCain), and 57 in the […]

by September 28, 2018 Features, Glass-Steagall
Glass-Steagall Bill Introduced in Australian Parliament

Glass-Steagall Bill Introduced in Australian Parliament

June 26, 2018–The federal Member for Kennedy Bob Katter on June 25 introduced a private member’s bill into the Australian Parliament to protect the economy and bank customers from dangerous financial speculation and predatory banking. The Banking System Reform (Separation of Banks) Bill 2018 is based on the USA’s successful Glass-Steagall Act. It […]

by June 26, 2018 Glass-Steagall, News
National spheric torus experiment at Princeton, a  premier site for thermonuclear fusion research.

News Shorts, Feb. 19-25, 2018

  Trump Administration Budget Means Slashes in Crucial Investments for the Future Feb. 18, 2018—From the standpoint of the American System of Economics, the nation’s commitment to the frontiers of science is a crucial parameter indicating whether it is on the path to progress. For our purposes today, two of […]

by February 19, 2018 News Shorts
(dreamstime)

Government Agency Warns of “Red”-hot Danger of Financial Crisis

Dec. 31, 2017—Not every government agency is hewing to the line that the U.S. financial system is secure and thriving. Among the dissidents is the Treasury Department’s Office of Financial Research (OFC), which produced its 2017 Financial Stability Report on December 5. The report has gotten little attention outside a […]

by December 31, 2017 News