Banking Crisis

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Latest blogosphere posts tagged “Banking Crisis”

  • Will Cantwell-McCain Reinstate Glass-Steagall?


    Sense on CentsAuthority Authority: 434
    Might we turn the clock back in an attempt to make our way forward? How so? Pressure is certainly building in America to curtail, if not derail, the excessive risks embedded in our largest banks. How may these risks be unwound? Reinstating the Glass-Steagall Act, which separated commercial and investment banking ...
    12 hours ago
  • RESPONSIBLE PAYDAY LOAN PROGRAM LAUNCHED IN SAN FRANCISCO - MAYOR GAVIN NEWSOM AND TREASURER JOSE CISNEROS


    San Francisco SentinelAuthority Authority: 151
    Six San Francisco Credit Unions to offer maximum 18% APR payday loans in comparison to 400% APR offered by for-profit payday lenders. Mayor Gavin Newsom and Treasurer José Cisneros today announced the launch of Payday Plus SF, an alternative payday loan offered by six San Francisco Credit Unions that will ...
    1 day ago
  • Serious Fraud Office launches investigation into Kaupthing bank


    The Iceland Weather ReportAuthority Authority: 124
    So, the Serious Fraud Office in the UK has launched a large-scale investigation into the activities of Kaupthing bank in the lead-up to the bank collapse last fall. Rumours to that effect have been circulating for weeks, and were finally confirmed today.Among other things, this concerns what seems like large-scale ...
    2 days ago
  • Bankers bonuses


    Not a sheepAuthority Authority: 444
    I see that: "LLOYDS Banking Group, which yesterday successfully completed a record-breaking £13.5bn rights issue, is preparing to pay out its bonus pool in full. The move, which follows mounting anger in the City over the government’s super-tax, will see the firm having to hand over an estimated £100m in ...
    3 days ago
  • The banking crisis, phase two


    Ensaios ImperfeitosAuthority Authority: 149
    The decision by Austria to nationalise Hypo Group Alpe Adria, two thirds owned by the Bavarian Landesbank, Bayern LB, is costing the German taxpayer a cool €3700bn, which was forced the resignation of its chief. This is close to a complete disasters for Bavaria political elites, which are closely intertwined ...
    3 days ago
  • Big Banks Move On… With a Little Help from Their Friends?


    taxgirlAuthority Authority: 550
    Wells Fargo announced early this week that it will repay $25 billion received under the Troubled Asset Relief Program (TARP). The announcement comes on the heels of a similar announcement from the Bank of America. Citibank rushed to join the ranks of those banks committed to repaying TARP funds over the next few ...
    3 days ago
  • Iceland holds online Referendum on Althingi’s agreement with UK on Icesave


    For ArgyllAuthority Authority: 444
    The reverberations of the UK’s shaming treatment of Icelandic banks continue. In our name, the UK Government used Anti-Terrorism legislation to seize UK assets in a move which Iceland has declared forced a rescuable bank into administration with the  immediate collapse of public confidence.The International ...
    3 days ago
  • Billy Elliott: Reflections On A Britain Long Gone


    Newsroom MagazineAuthority Authority: 128
    If you wonder if it’s possible for a film to reflect something substantive of a nation consider what Orson Welles’ Citizen Kane revealed of  depression-era America under the influence of a powerful and irresponsible media executive (1930’s William Randolph Hearst). Although very different films, separated by 60 ...
    4 days ago
  • The Icelandic nation votes on Icesave


    The Iceland Weather ReportAuthority Authority: 124
    So, old deCode Genetics, best known for mapping the Icelandic genome and also for the best PR stunt in Icelandic history,* has joined forces with Eyjan and designed a special online voting system allowing the Icelandic public to vote on whether or not they want parliament to accept the sovereign guarantee on Icesave. ...
    4 days ago
  • Are we done ‘bargaining’ about the financial crisis? I wish, but I don’t think so.


    flowing motionAuthority Authority: 477
    Denial, anger, bargaining, depression, action & the financial crisis This time last year we were definitely in the first of the five stages of grief.  Denial: we couldn’t quite believe that the bankers had blown a hole below our a waterline. A year later, economists at least, have moved on. The Governor of ...
    4 days ago
  • Did Drug Money Save the Banks??


    InsightAnalytical -- Watching Our WorldAuthority Authority: 408
    ~~By InsightAnalytical-GRL As if things couldn’t get even MORE bizarre… The Guardian/Observer is reporting that the UN’s Office on Drugs and Crime suspects that “$352bn in criminal proceeds was effectively laundered by financial institutions” during the 2008 banking crisis: Drug money saved banks in ...
    5 days ago
  • "Drug money worth billions of dollars kept the financial system afloat at the height of the global..."


    poor tasteAuthority Authority: 590
    “Drug money worth billions of dollars kept the financial system afloat at the height of the...
    5 days ago
  • Sir Sean in bank advert row


    Deadline Press & Picture AgencyAuthority Authority: 487
    By Paul Thornton SIR Sean Connery has stunned politicians by fronting a lucrative ad campaign for a bank which was bailed out by tax payers’ cash, despite slamming fat cat financiers during the credit crunch. Last year Connery laid into bankers in his latest book, Being a Scot, claiming Fred Goodwin’s ...
    5 days ago
  • Observer/Guardian wakes up to Tobin tax story


    Peter KenyonAuthority Authority: 126
    Good to see that the Grauniads Sunday stable-mate, the Observer picked up on the Tobin Tax story in its editorial column today I chided the Economist for missing it on Friday, Im not sure that I share the Observers rather unimaginative conclusion: Thereal obstacle is the endurance of the ideology that ...
    5 days ago
  • "How To Make The Worlds Easiest $1 Billion"


    Not a sheepAuthority Authority: 444
    A very interesting scheme outlined by Henry Blodget on Business Insider , heres the first six steps but do read the whole article: "STEP 1: Form a bank. STEP 2: Round up a bunch of unemployed friends to be "bankers." STEP 3: Raise $1 billion of equity. (This is the only tricky step. And its not that tricky. See ...
    6 days ago
  • Norway’s Oil Fund, Scotland’s oil and Scotland’s banks


    For ArgyllAuthority Authority: 444
    Norway’s attitude to its oil wealth, from the outset, has shown the sort of fiscal long-sightedness that should be the aim and practice of any nation in respect of its significant resources.In the UK, not only is such a practice of national investment unknown, the notion itself is alien to the way our governments ...
    6 days ago
  • Something For The Weekend 16


    t5m: Love Personality, Love t5mAuthority Authority: 570
    As the country continues to sink in a sea of debt, doesn’t it just warm the cockles of your heart to learn that certain financial establishments in the City still seem hell-bent on doling out massive bonuses to staff who are already paid small fortunes?And isn’t the generally perceived smokescreen from bank chiefs ...
    1 week ago
  • Economist newspaper reveals political bias, misses story


    Peter KenyonAuthority Authority: 126
    The Staggers blog has picked u p the cover of the latest issue of the Economist newspaper and concluded that its running with the the rest of the right-wing press as far as the next British general election is concerned. I think the Economist goes to press late overnight Thursday/Friday, but surely that is no ...
    1 week ago
  • Bank Bailouts


    Regaining the CenterAuthority Authority: 126
    Large groups of protesters continue to express dissatisfaction with the Obama Administration’s policies and actions. The protesters are composed of “just say no” Republicans, Libertarians, and a growing group of simply dissatisfied/no government is good government Americans. For them, there is no reason to ...
    1 week ago
  • 6 questions that I ask professional career coaches


    flowing motionAuthority Authority: 477
    Where were you the day Lehman’s crashed? I had spent a long day sequestered in an office building in London. Coming out into the dark evening, I was surprised to see a serious story in the free newspapers handed out at the entrances to the Tubes. The 158 year old bank, Lehmans had declared bankruptcy and 10 000 ...
    1 week ago

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