Posts Tagged ‘ Financial sector ’

Productivity, The Miracle of Compound Interest and Poverty

April 22, 2012
By

The bank regulators did not urge the government to tax real estate more. That would have squeezed homeowners on their bank loans – and left less new rental income to be capitalized into new bank loans. But it would have enabled the government to reduce its heavy taxes on employment. This was not the...

Read more »

Wall Street's Capital Gain Plan

February 27, 2012
By

Well, the problem is is the financial time frame is very short-term. It's hit and run. They're into making a bundle as quick as they can on one project and then go on to the next project. And they leave an economy loaded down with debt, which is what you have from the corporate...

Read more »

Padding Banksters Pockets

January 30, 2012
By

Hudson giving an overview of current affairs with a fired up Lauren Lyster fresh back from Davos.

Read more »

Europe’s Transition From Social Democracy to Oligarchy

December 6, 2011
By

As first published in Frankfurter Allgemeine Zeitung The easiest way to understand Europe’s financial crisis is to look at the solutions being proposed to resolve it. They are a banker’s dream, a grab bag of giveaways that few voters would be likely to approve in a democratic referendum. Bank strategists learned not to risk...

Read more »

Democracy and Debt

December 3, 2011
By

Has the Link been Broken? *This article appeared in the Frankfurter Algemeine Zeitung on December 5, 2011. Book V of Aristotle’s Politics describes the eternal transition of oligarchies making themselves into hereditary aristocracies – which end up being overthrown by tyrants or develop internal rivalries as some families decide to “take the multitude into...

Read more »

Iceland's Fair Value Vultures

November 12, 2011
By

The New Bank Disaster Olafur Arnarson, Michael Hudson and Gunnar Tomasson* The problem of bank loans gone bad, especially those with government-guarantees such as U.S. student loans and Fannie Mae mortgages, has thrown into question just what should be a “fair value” for these debt obligations. Should “fair value” reflect what debtors can pay...

Read more »

Consent Needed for Debt Repayments

November 1, 2011
By

Hudson on the odious nature of debts encouraged by the banksters but repaid by the people through austerity.

Read more »

Occupy Wall St – Systemic Change Please

October 7, 2011
By

Michael discusses the growing Occupy Wall St movement and the opportunities for banking reform. "How are you going to re-criminilise fraud? Tim Geithner is a bank lobbyist and should not be in charge of the Treasury".

Read more »

German Taxpayers Willingly Subsidise Bankers

August 11, 2011
By

NY Times, August 11, 2011 A debate between five economists on “Why Aren’t Germans Protesting?” Rightly Disgusted at the Banks A bailout, like any other government expenditure, is a tax. Someone must pay all this money. And it is unfair to tax the broad population to pay for a special interest. Instead of being...

Read more »

Greece now, US soon

July 12, 2011
By

Geithner says, wait a minute, American banks have made huge billion-dollar--maybe, for all we know, a trillion-dollar bet that the Greeks will repay. They've made derivative plays, they've made cross-party insurance, and American banks would lose money. Now, if there's a choice between American banks losing $1 and Europe going into neo-feudalism for a...

Read more »