Tags: public banking

Banking: A Tale of Two States

June 16th, 2015
in Op Ed

Arizonans for a New Economy (AzfNE) met with the board of directors of the Arizona Bankers Association (ABA) on April 15th in Tucson at the invitation of the ABA. Pamela Powers Hannley, Co-director of AzfNE presented slides to the board members showing banking trends in Arizona more »

The ECB’s Noose Around Greece

March 14th, 2015
in Op Ed

Remember when the infamous Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament in December, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks? (See January 6th post here.) It seems the more »

How to Borrow Cheaply from a Government-Owned Bank

March 2nd, 2015
in Op Ed

The free market for banking services in the United States isn't a free market at all.The truth is the biggest commercial banks in America operate with virtual impunity as a government-subsidized, government-protected oligopoly. more »

EU Showdown: Greece Takes on the Vampire Squid

January 9th, 2015
in Op Ed

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a "Cyprus-Style prolonged bank holiday" if they "vote wrong." But they have been bullied for too long and are more »

Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives

December 28th, 2014
in Op Ed

The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and the FDIC could be liable, following repeal of key portions of the Dodd-Frank Act last weekend. more »

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