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Financial Sector Reform

This tag is associated with 6 posts

“A Crisis Worse than ISIS? Bail-Ins Begin” by Ellen Brown

The article is reprinted under a creative commons license from the original article. The views expressed are exclusively those of the author and are not necessarily endorsed by Common Sense.   While the mainstream media focus on ISIS extremists, a threat that has gone virtually unreported is that your life savings could be wiped out […]

Too Big to Fail: Enough is Enough

“Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good.” – John Adams In February, the British Hong Kong-Shanghai Banking Corporation (HSBC) announced that it was setting aside $550 million dollars to cover potential fines related to “alleged”[1] […]

The Next Ten Years – Part II

In the first part of this two-part article, I argued that the 2012 Election was a crucial crossroads for America. It would be the first election in the XXIst century in which the United States was neither exclusively focused on war nor dealing with a major global financial crisis. The Federal government would have sufficient freedom of […]

The Cost of Failure

In January 2008, the non-partisan Congressional Budget Office (CBO) presented an economic and fiscal outlook for the period 2008 to 2018. They projected that the Federal fiscal deficit in 2008 would be 1.5% of GDP, or -$220 billion. Moderate fiscal deficits (< 2% GDP) would continue through 2010, and then decline into a slight surplus as the […]

The Ongoing U.S. Mortgage Disaster

L. Randall Wray writes a devastatingly insightful blog on EconoMonitor as he exposes the massive fraud that is the U.S. mortgage system. Read more about this shameful and illegal situation through the following link. http://www.economonitor.com/lrwray/2012/03/16/the-7-trillion-dollar-question-that-haunts-banks-when-will-the-obama-administration-recognize-that-mers-destroyed-the-chain-of-title-making-all-foreclosures-suspect/

Britain gets it right

The British get it right Last December, the British Chancellor of the Exchequer, Mr. Osborne, announced a series of measures to reform and strengthen the British banking industry. These reforms are part of a continuing focus that the British government, both Labor and Tory, have maintained financial firms in the City of London. Like their […]

“Our obligations to our country never cease but with our lives.“

John Adams


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