financial system

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Latest blogosphere posts tagged “financial system”

  • John Perkins: World Financial Markets


    Addiction in the 21st CenturyAuthority Authority: 120
    Hoodwinked: Former Economic Hit Man John Perkins Reveals Why the World Financial Markets Imploded—and How to Remake Them I don’t really agree with Johns take on everything but he has been at ground zero of the nation killing business. There is really only one way to solve the worlds financial worries. Get rid of ...
    1 day ago
  • Bankers Take Money From the Government and Use it to Speculate


    The Daily Reckoning AustraliaAuthority Authority: 551
    Financiers have the worlds financial system in a "doom loop," says the Bank of England. Weve thought so ourselves. The bankers take money from the government and use it to speculate, not to lend. "Excess" reserves are at a record high as consumer credit continues to decline. Most people find it both galling and ...
    1 day ago
  • why me?


    Kiva Stories from the FieldAuthority Authority: 434
    By Suzy Marinkovich, KF8 Peru & KF9 Bolivia Twisted twining vining metal unrhythmic untamed unkempt and in comes the dust sweat and sticking to me tires thumping each rock unsettled plastic bag squeezed empty tossed out the window just a drop of papaya juice leaps back clings to the dirty car door parting from ...
    1 day ago
  • Former Worker’s Confession: “I Was Hired to Stand in the Way of Health Care Reform”


    EscapeTheIllusion.comAuthority Authority: 126
    Hi, I’m Andy Cobb and I did all the damage I could being a spokesjerk for Blue Cross Blue Shield. Meet Andy Cobb, a former professional deceiver for Blue Cross Blue Shield. He’s done all the damage he could being a pretty face for Blue Cross Blue Shield’s health insurance, so now he’s branching out toward ...
    2 days ago
  • "The World Needs a New Financial Architecture"


    Economist's ViewAuthority Authority: 698
    George Soros says we need a new world order. After talking about the need for a new Bretton Woods conference to "establish new international rules, including treatment of financial institutions that are too big to fail and the role of capital controls," and the need for the IMF to "to reflect better the prevailing ...
    3 days ago
  • Beyond chart porn: If history rhymed, would we hear it?


    Re: The PeopleAuthority Authority: 125
    One of the most often indulged exercises in this economic crisis is to compare it to other, previous, crises – in particular, to the big daddy of all economic crises, The Great Depression.It’s fun, educational, and a little like pornography: both a source of inspiration and a sort of how to manual.As with porn, a ...
    3 days ago
  • Reserve Bank increases Statutory Reserve Deposit Requirement


    Invest in FijiAuthority Authority: 106
    The Reserve Bank of Fiji has announced that it will increase banks Statutory Reserve Deposits to 7%, from the current 5%. The increase will reduce the amount of funds that banks available for lending and other purposes. The move comes as inflation rates rose to 6.3% in September 2009 from 5.1% a month earlier. ...
    3 days ago
  • "Why Do Central Banks Have Assets?"


    Economist's ViewAuthority Authority: 698
    Nick Rowe says central banks hold assets for three reasons: Why do central banks have assets?, by Nick Rowe : If you look at the balance sheet of a central bank, you will see it has liabilities (mostly currency) and assets (normally mostly government bonds/bills). Why do central banks have assets? Do they need them? ...
    4 days ago
  • What Is Systemic Risk, Anyway?


    Wall Street PitAuthority Authority: 644
    On October 30, the Center for Financial Innovation and Stability at the Federal Reserve Bank of Atlanta held a conference on Regulating Systemic Risk. The presentations mostly focused on the recent financial crisis and possible regulatory responses to those developments.Oddly enough, the term...
    5 days ago
  • What is systemic risk, anyway?


    macroblogAuthority Authority: 649
    On October 30, the Center for Financial Innovation and Stability at the Federal Reserve Bank of Atlanta held a conference on Regulating Systemic Risk . The presentations mostly focused on the recent financial crisis and possible regulatory responses to those developments. Oddly enough, the term systemic risk hardly ...
    5 days ago
  • Paul Krugman: Obama Faces His Anzio


    Economist's ViewAuthority Authority: 698
    The failure to give the economy the fiscal stimulus it needs may be costly Democrats: Obama Faces His Anzio, by Paul Krugman, Commentary, NY Times : Remember those Republican boasts that they would turn health care into President Obama’s Waterloo? Well, exit polls suggest that to the extent that health care was an ...
    5 days ago
  • Michael Milken On The Five Biggest Systemic Threats


    GreenLightAdvisor ViewsAuthority Authority: 436
    Michael Milken , Jedi of Junk Bonds and fall-guy cum Darth Vader, weighs in on systemic threats to the US financial system. This article is a guest contribution from Tyler Durden, of the Zero Hedge Blog. Time to start loading up on those sovereign CDS. Today Michael Milken provided some insight into what the ...
    6 days ago
  • US on the Road to Ruin, Time to Protect Your Assets


    The Daily ReckoningAuthority Authority: 640
    “It’s time for another surreality check, but this time it isn’t the publicly traded companies that deserve attention, it’s the governments that have saved them,” write Eric Sprott and David Franklin in a scathing assessment of the walking-dead US government. They continue, “make no mistake – the dead ...
    6 days ago
  • CNN just suggested that unemployment is expected to rise above 10% in a soon-to-be-released report.


    InvestmentWatchAuthority Authority: 449
    This as part of a recovery, according to this article, “well underway.” I’m happy. I have what I need right now. I’m not going to be sleeping on the street anytime soon. As far as I can tell, there is still opportunity in the marketplace for buyers, sellers, and laborers who have a decent attitude and a ...
    6 days ago
  • Which Side on the British Financial System?


    Harlem Tee ShirtsAuthority Authority: 134
    We have a financial oligarchy, centered in London, but spreading throughout the world that seems ready to destroy everything. Many people have been battling this oligarchy, especially LaRouche , and now we are at the point of decision. Russia, China and India are forming the seed crystal of a new credit system to ...
    1 week ago
  • Brad DeLong: Slouching Toward Sanity


    Economist's ViewAuthority Authority: 698
    Brad DeLong says government action during the crisis may have prevented another Great Depression: Slouching Toward Sanity, by J. Bradford DeLong, Commentary, Project Syndicate : In America today ... the Republican congressional caucus is just saying no: no to short-term deficit spending to put people to work, no to ...
    1 week ago
  • OECD Graph


    SUBROSAAuthority Authority: 529
    click to enlarge Source Thanks to Mr Eugedines
    1 week ago
  • Nov 3/4 Coast to Coast A.M. – Economic Exposé (the rip-off banking bailouts)


    StupidicaAuthority Authority: 162
    LISTEN ON KFI Economic Exposé Analyst of geopolitics and foreign policy, Craig B. Hulet will discuss why the banking bailouts are the biggest rip-off in history and have set the stage for a global financial system that excludes the United States. Original Article: Forum: News/Activism
    1 week ago
  • "Stiglitz: U.S. Paying for Not Nationalizing Banks"


    Economist's ViewAuthority Authority: 698
    Barry Ritholtz: Stiglitz: U.S. Paying for Not Nationalizing Banks, by Barry Ritholtz : “We have this very strange situation today in America where we have given banks hundreds of billions of dollars and the president has to beg the banks to lend and they refuse. What we did was the wrong thing. It has weakened ...
    1 week ago
  • Answer: 4


    Re: The PeopleAuthority Authority: 125
    Question: How many times has Washington bailed out Citigroup to keep it from going bankrupt?Posted in General Comment Tagged: Bailout, financial crisis, international financial system, Wall Street Crisis
    1 week ago

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