mortgages
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Why Carney’s Appointment as Bank of England Governor Should be Challenged By Hugo Radice
Here was a giant of financial regulation, with a PhD in economics, ten years at Goldman Sachs, singlehandedly responsible for guiding Canada to the quickest post-2008 recovery among the G7 countries, and appointed in 2008 to chair the Financial Stability Board set up by the G20. So what’s not to like? Continue reading
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Obama and Bush Administrations Complicit With Bankers’ in Massive Foreclosure Scheme
A new report shows the Obama administration has been just as protective as its Republican predecessor of bank robo-signing: forging the signatures of millions of homeowners in order to foreclose their homes. ‘Theft and fraud were standard practice on Wall Street, and both the Bush and Obama administrations knew it, and protected the criminals.’ Obama… Continue reading
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The Beginning of the End of the American Empire By Tanya Cariina Hsu
It all began in the early part of the 20th century. In 1907, J.P. Morgan, a private New York banker, published a rumor that a competing unnamed large bank was about to fail. It was a false charge but customers nonetheless raced to their banks to withdraw their money, in case it was their bank.… Continue reading
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The end of (capitalist) history? By William Bowles
In a world of over-the-top production, with the world’s markets glutted with a never-stream of products, most of which sit unsold in shops and warehouses around the planet, a return to the ‘good old days’ of the Robber Barons was the only option left. Continue reading
The New Dark Age 