Latest Updates

"History should have taught us how to get out of the crisis, and instead, we have not learned anything from the past. Banks should go back to banking, i.e. depositing savings, and managing savings and investments for the citizen, supplying the real economy,"

April 16th, 2014 • 4:40 PM

Moving the leverage ratio won't change anything, says Dr. Gerrald Epstein — only Glass Steagall will change the fact that today's banks do nothing for the real economy...

April 16th, 2014 • 8:48 AM

On March 31, 2014 Resolution K1012 was introduced into the New York State Assembly as K1012 urging the New York State Congressional delegation to support efforts to reinstate the Glass-Steagall separation of banks. The resolutions main sponsor is Phil Steck, who also introduced the bill last year. There are 13 official co-sponsors.

The full text of the resolution reads:

April 15th, 2014 • 8:31 PM

Former BIS chief economist William White sees a bank crash coming, in an interview published today by the Swiss financial paper Finanz und Wirtschaft, and headlined "I see the same price bubbles as in 2007".

White, an American economist now resident in Texas, says:

April 14th, 2014 • 5:25 PM

Prins tells Salon that, today, "Bankers operate oblivious to the needs of national economies. There is no counterbalance to their power."

April 16th, 2014 • 9:14 AM

The British keep trying to postpone the deadly austerity blow of a "full bank bail-in system" until they have seized full political control of the resulting collapse by nuclear war confrontation.

April 14th, 2014 • 5:27 PM

As of right now, there is no actually optimistic prospect for the survival of either the U.S. Democratic, or Republican Parties at this time; but, if we might presume that President Barack Obama were to be summarily impeached very soon, there is hope.