Global Economy Crisis
New Economies/Banking/ Social Lending/SRI
What is market monetarism? People have asked me for a summary of market monetarist ideas. Or a “model” of some sort. Not every market monetarist agrees with all these ideas, but most agree with most.
January 4, 2012 | Like this article? Join our email list: Stay up to date with the latest headlines via email. Even if European politicians ‘get their acts together,’ the eurozone crisis will not be solved by a new ‘ Fiscal Compact’ obsessed with austerity, i.e. tight rules for all member states on their spending. The agreement, which is intended to save the single currency, is not a “fiscal” anything, since that word usually refers to government spending. Austerity Plans Are Based on the Wrong Diagnosis of the Wrong Problem -- And May Plunge Europe into Depression
Related The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day.
The Absolute Moron’s Guide to the Euro Debt Crisis
Goldman Sachs, the Wall Street Bank and Federal Reserve partner, became a household name on Main Street in the fall of 2008 with its participation in the global financial meltdown. And while the firm had been largely categorized a behemoth monolith, GSElevator on Twitter is giving the global bank a bit more color with tweeted glimpses of corporate culture via conversations of workers who don't take the stairs. The account, which has been up and running since August, is reportedly run by an anonymous middle or above-level banker who has " long been cynical of the industry and the people that build their entire sense of self around it," according to a New York Times story. By looks of tweets on the account, GSElevator's cynicism is well founded as hubris, misogyny, and middle- and working-class contempt are common themes. Analyst #1: She lives in Harlem. Analyst #2: What the f*ck. Loose lips Twitter at Goldman Sachs - National entrepreneur
George carlin Bankers
Ed Show: SuperRich Income Increased over 240% in Last 30 years, Workers 0%
Is the world too big to fail? The democracy uprising in the Arab world has been a spectacular display of courage, dedication, and commitment by popular forces - coinciding, fortuitously, with a remarkable uprising of tens of thousands in support of working people and democracy in Madison, Wisconsin, and other US cities. If the trajectories of revolt in Cairo and Madison intersected, however, they were headed in opposite directions: in Cairo toward gaining elementary rights denied by the dictatorship, in Madison towards defending rights that had been won in long and hard struggles and are now under severe attack. Each is a microcosm of tendencies in global society, following varied courses.
Depository Trust Company (DTC) Definition
What is Depository Trust Company
Depository Trust & Clearing Corporation In 2011, DTCC settled the vast majority of securities transactions in the United States and close to $1.7 quadrillion in value worldwide. DTCC has operating facilities in the New York metropolitan area, and at multiple locations in and outside the U.S.
The world is drowning in corporate fraud, and the problems are probably greatest in rich countries – those with supposedly "good governance". Poor-country governments probably accept more bribes and commit more offenses, but it is rich countries that host the global companies that carry out the largest offenses. Money talks, and it is corrupting politics and markets all over the world. Hardly a day passes without a new story of malfeasance. The global economy's corporate crime wave
Federal Reserve Banks