Category: Background
Banking Insider: Sovereign Debt CDS Story Not Over
November 1st, 2011
in Background
Econintersect: The “voluntary” haircuts for European banks have been deemed by the European heads of states to be not an event that would trigger CDS on Greek sovereign debt. CDS are Credit Default Swaps, essentially insurance bought by one party and sol… more »
New Revelation - How Merkel Held the Meetings Together Last Week
October 31st, 2011
in Background
Econintersect: An e-mail is circulating on the internet that proclaims to make a shocking new revelation about what really is going on inside the internal negotiations of the EU heads of states. This new disclosure reveals the secret of how German Chan… more »
Bill Black on Dylan Ratigan Show
October 18th, 2011
in Background, econ_news
Econintersect: Frequent guest contributor at Global Economic Intersection appeared today on the Dylan Ratigan show on October 17, 2011. He addressed the rampant fraud that has occurred in the banking and finance system over more than the last decade. more »
Nestle Chief Warns of Food Riots
October 8th, 2011
in Background, econ_news
Econintersect: Peter Brabeck-Letmathe Chairman of Nestle has sounded an alarm bell on food riots. "The situation is similar (to 2008). This has become the new reality," the Swiss giant's chairman Peter Brabeck-Letmathe told the Salzburger Nachrichten da… more »
TARP for Europe?
September 15th, 2011
in Background, econ_news
Econintersect: Stock markets rallied Wednesday on the news that the European Commission might possibly issue euro bonds to provide additional funds to shore up sovereign debt burdens that are threatening default. Then some mentions of the possibility o… more »
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