JON QUEALLY / Common DreamsFeb 22, 2019
Critics predicted the 2017 legislation would reward major corporations and the rich. New data indicates that they were right on the money. Dig deeper ( 2 Min. Read )
Ellen Brown / TruthdigJul 3, 2018
Los Angeles voters and California legislators exploring the public bank option may be breaking not just from Wall Street but from the Federal Reserve. Dig deeper ( 5 Min. Read )
By Ellen Brown, Web of DebtSep 11, 2014
The Federal Reserve just eliminated municipal bonds from its list of high-quality liquid collateral assets. Banks are liable to start dumping them in favor of Treasuries and corporate bonds. The cost of credit will increase for municipal governments and decrease for corporate and financial institutions, and power and financial resources will be further shifted from the public sector to the private sector. Dig deeper ( 7 Min. Read )
By Ellen Brown, Web of DebtApr 13, 2014
Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps. And the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it. Dig deeper ( 7 Min. Read )
Alexander Reed Kelly / TruthdigAug 31, 2013
The first of a planned three-part series on the dangers of private banking highlights government documents describing plans to confiscate the deposits of individuals as well as cities, universities, counties and pension funds when another banking crash occurs. Dig deeper ( 2 Min. Read )
By Ellen Brown, Web of DebtApr 30, 2013
The new rules for keeping the too-big-to-fail banks alive allow for the use of creditor funds, including uninsured deposits, to recapitalize failing banks. In the event of another crisis, access to your money would depend on the security of the FDIC. The question, then, is how reliable is the FDIC? Dig deeper ( 7 Min. Read )
By Ellen Brown, Web of DebtApr 10, 2013
With taxpayer bailouts no longer an option, a major derivatives crisis could transfer money currently held by state and local governments and citizens -- secured and unsecured, insured and uninsured -- into the hands of derivative claimants. Dig deeper ( 8 Min. Read )
By Ellen Brown, Web of DebtMar 28, 2013
Confiscating customer deposits in Cyprus banks was not a one-off, desperate idea of a few eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the U.S. Federal Deposit Insurance Corporation and the Bank of England, dated Dec. 10, 2012, shows these plans have been long in the making. Dig deeper ( 7 Min. Read )
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