It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors

cyprus bankers

Ellen Brown: When Americans realize that the alternative is to have their ready cash transformed into “bank stock” of questionable marketability, moving failed mega-banks into the public sector may start to have more appeal.

How the Goldman Vampire Squid Just Captured Europe

eurozone crisis

Ellen Brown: The Goldman Sachs coup that failed in America has nearly succeeded in Europe—a permanent, irrevocable, unchallengeable bailout for the banks underwritten by the taxpayers.

Buy Stocks and Enter Coal Mines at Your Own Risk

Ron Wolff: The logical question to ask is: How much is the CEO of Massey Energy Company compensated for setting the tone and establishing the philosophy that “violations are unfortunately a normal part of the mining process”? According to the New York Times , CEO Don L. Blankenship earned $11.2 million in 2008, about twice what he earned in 2006.

Break Up the Banks

Stimulus

Robert Reich: As long as the big banks are allowed to remain big, their political leverage over Washington will remain big. And as long as their political leverage remains big, the taxpayer and economic tab for the next mess they create will be big. By all means, give regulators resolution authority and also impose the tightest regulations possible. But Congress and the White House shouldn’t stop there. Limits should be placed on how big big banks can become.

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