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Arne Løining's Library tagged banking →  View Popular

30 Aug 09

Study Says World's Stocks Controlled by Select Few

  • If you would look at this locally, it's always distributed,” Glattfelder said. “If you then look at who is at the end of these links, you find that it's the same guys, [which] is not something you'd expect from the local view
  • "[With] new company structures which are so big and spanning the globe, it's hard to see what they're up to and what they're doing
21 Jul 09

Goldman Sachs coup d'état: Vice Chairman Hormats becomes State Dept undersecretary

  • Before joining Goldman Sachs, Mr. Hormats had a career in public service, holding posts in Republican and Democratic administrations.


    He served during the 1970s as an economic adviser in the White House to former national security adviser Zbigniew Brzezinski.

26 Jun 09

Obama's Financial Reform Proposal: A Stealth Scheme for Global Monetary Control

  • The plan is laden with a "false diagnosis" and "fatal flaws," so clearly what's proposed are "wrong-headed cures (but hardly) by accident." If it's largely accepted as is, Wall Street will get precisely what it wants - a veneer of regulatory cover to keep wrecking the economy and stealing the public blind.
  • he world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity.
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Why Goldman Sachs Is the Greediest and Most Dastardly of the Wall Street Pigs | Corporate Accountability and WorkPlace | AlterNet

  • So, while these golden ones are loudly repudiating the $10 billion public subsidy they took from us, they are coyly retaining at least 40 billion of our dollars to stay afloat -- a tidy sum that does not include any restrictions on pay levels
  • Sure, and the Mafia plays its game strictly according to Hoyle. The difference is that the Mafia must actually break the rules, while Wall Street simply hires lobbyists and politicians to write the rules.
17 May 09

Economic Meltdown - Articles: Commentary: The Mega-Banks Behind the Meltdown

  • The largest American and European banks and investment houses were not the unwitting “victims” of an unforeseen financial collapse, as they have so often been portrayed. The mega-banks not only invested in subprime lending institutions — they were the enablers, bankrollers, and instigators driving high-interest lending, and they did so because it was so lucrative and unregulated.
  • hat at least 21 of these Subprime 25 lenders were either owned outright by the biggest banks or former investment houses, or had their subprime lending hugely financed by those banks, either directly or through lines of credit. In other words, the largest American and European banks made the bubble in subprime lending possible by financing it on the front end, so they could reap the huge rewards from securitizing and selling mortgage-backed securities on the back end. The demand was insatiable, and the backing excessive.
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