Posted on September 25, 2010 by Ellen Brown
While local banks are held in check by the new banking czars in Basel, Wall Street’s “shadow banking system” has hardly been curbed by regulators at all; and it is here that the 2008 credit crisis was actually precipitated. The banking system’s credit machine is systemically flawed and needs a radical overhaul.
Read more here –
http://www.webofdebt.com/articles/basel3_fail.php
Filed under: Ellen Brown Articles/Commentary | 16 Comments »
Posted on September 17, 2010 by Ellen Brown
If the big banks that brought you the current credit crisis can already meet the new requirements, what exactly does Basel III achieve, beyond shaking down their smaller competitors?
Read more here –
http://www.webofdebt.com/articles/basel_3.php
Filed under: Ellen Brown Articles/Commentary | 6 Comments »
Posted on September 8, 2010 by Ellen Brown
The Fed is proposing another round of “quantitative easing,” although the first round failed to reverse deflation. It failed because the money went into the coffers of banks, which failed to lend it on. To reverse deflation, the money needs to be funneled directly to state and local economies.
Read more here –
http://www.webofdebt.com/articles/bernankes_helicopters.php
Filed under: Ellen Brown Articles/Commentary | 21 Comments »
THE CREDIT MELTDOWN AND THE SHADOW BANKING SYSTEM: WHAT BASEL III MISSED
While local banks are held in check by the new banking czars in Basel, Wall Street’s “shadow banking system” has hardly been curbed by regulators at all; and it is here that the 2008 credit crisis was actually precipitated. The banking system’s credit machine is systemically flawed and needs a radical overhaul.
Read more here –
http://www.webofdebt.com/articles/basel3_fail.php
Filed under: Ellen Brown Articles/Commentary | 16 Comments »