America's banking bailout (1); America's banking system (1).
Wed 2009-12-16 12:39 EST
The architect of America's banking bailout has revealed for the first time the chaos behind the scenes at the US Treasury during the creation of the controversial $700 billion (>>425 billion) Troubled Asset Relief Program (Tarp).
naked capitalism Tue 2009-10-13 20:47 EDT
...the battle isn't between bankers versus outsiders. It is between the giant New York money-centered banks and the rest of the country...monetary reformers argue that letting banks create credit and money and then charge high interest rates creates massive levels of debt for states and taxpayers. They argue that the power to create money should be reclaimed by the government and taken away from the private banks...
America's banking system; Guest Post; naked capitalism; real battle.
