Elizabeth Warren Among the people who noticed that something was wrong with how banks were issuing credit before the financial crisis was a Harvard professor called Elizabeth Warren.Her prescience helped to propel her from obscurity to Congress, where she is now the senior senator for Massachusetts. Politics occasionally provides openings for youthful candidates…
Since the death of Italian anti-Mafia magistrate Giovanni Falcone 20 years ago, how much has organized crime spread internationally? The trans-continental dimensions of the Sicilian Mafia, Cosa Nostra, was already clear to the legendary prosecutor in 1980 when he took up the “Pizza Connection” case against Salvatore Inzerillo and the boss of the Gambino…
FROM Seattle to Sydney, protesters have taken to the streets. Whether they are inspired by the Occupy Wall Street movement in New York or by the indignados in Madrid, they burn with dissatisfaction about the state of the economy, about the unfair way that the poor are paying for the sins of rich bankers,…
U.S. to allow Libyan rebels access Gaddafi’s frozen $33bn Libya’s rebels will be given access to part of the $33bn of Libyan state assets that have been frozen at US banks, Secretary of State Hillary Clinton said. Clinton’s announcement that the US is creating a legal framework for rebels to…
The G20 group of the world’s most important economies are poised to make an unprecedented announcement: the earth would stop turning if certain banks went bankrupt. According to British daily The Financial Times, the G20 will unveil a list of 20 banks it considers literally “too big to fail”, when the group meets in Seoul,…
Los Angelos fired the first shot. But across the state, numerous cities will try to wrangle out of derivative agreements they entered into with Wall Street.
It’s Bank Lobbyists vs. American Families In Fight For Financial Reform In his latest salvo against Wall Street, Rolling Stone’s Matt Taibbi argues that the recent resurgence of the banking sector is the result of nothing more than a series of Depression-Era con jobs. In Taibbi’s words, Wall Street has delivered “the best 18 months…
Making The Move To Community Banks