Sep 12

Preparing to Asset-Strip Local Government? The Fed’s Bizarre

In an inscrutable move that has alarmed state treasurers, the Federal Reserve, along with the Federal Deposit Insurance Corporation and…

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Sep 3

Even the Council on Foreign Relations Is Saying

You can always count on Americans to do the right thing, after they’ve tried everything else.        …

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Aug 29

Colonization by Bankruptcy: The High-stakes Chess Match for

If Argentina were in a high-stakes chess match, the country’s actions this week would be the equivalent of flipping over…

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Aug 14

Cry for Argentina: Odious Debt, Fiscal Mismanagement or

Argentina has now taken the US to The Hague for blocking the country’s 2005 settlement with the bulk of its…

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Jul 26

You Can’t Taper a Ponzi Scheme: Time to

One thing to be said for the women now heading the Federal Reserve and the IMF: compared to some of…

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Jul 16

Did the Other Shoe Just Drop? Big Banks

For years, homeowners have been battling Wall Street in an attempt to recover some portion of their massive losses from…

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Jul 10

The Looming Foreclosure Crisis: As the Fed Runs

Mortgage debt overhang from the housing bust has meant lack of middle-class spending power and consumer demand, preventing the economy…

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Jun 21

Buying Up the Planet: Out-of-control Central Banks on

Finance is the new form of warfare – without the expense of a military overhead and an occupation against unwilling…

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Jun 4

Infrastructure Sticker Shock: Financing Costs More than Construction

Funding infrastructure through bonds doubles the price or worse. Costs can be cut in half by funding through the state’s…

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May 23

Are Public Banks Unconstitutional? No. Are Private Banks?

The movement to break away from Wall Street and form publicly-owned banks continues to gain momentum. But enthusiasts are deterred…

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May 8

Robbing Main Street to Prop Up Wall Street:

There is no need to sequester funds urgently needed by Main Street to pay for Wall Street’s malfeasance. Californians can…

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Apr 24

Wall Street Greed: Not Too Big for a

Sixteen of the world’s largest banks have been caught colluding to rig global interest rates.  Why are we doing business…

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Apr 15

The Global Banking Game Is Rigged, and the

Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of…

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Mar 31

Banking Union Time Bomb: Eurocrats Authorize Bailouts AND

“As things stand, the banks are the permanent government of the country, whichever party is in power.” – Lord Skidelsky, House…

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Mar 14

Warren’s Post Office Proposal: Palast Aims at the

Investigative reporter Greg Palast is usually pretty good at peering behind the rhetoric and seeing what is really going on.…

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Mar 10

Critiquing Richmond’s eminent domain plan — Prof. Hockett’s

The comment below to my eminent domain article merited a detailed response, so I sent it to Professor Robert Hockett,…

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Mar 3

The Stone that Brings Down Goliath? Richmond and

In a nearly $13 billion settlement with the US Justice Department in November 2013, JPMorganChase admitted that it, along with…

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Feb 14

How the Credit Card Gravy Train Is Running

The credit card business is now the banking industry’s biggest cash cow, and it’s largely due to lucrative hidden fees.  You…

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Jan 29

Enough Is Enough: Fraud-ridden Banks Are Not L.A.’s

“Epic in scale, unprecedented in world history.” That is how William K. Black, professor of law and economics and former…

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