The death of banks – and the future of money
byUK Chancellor George Osborne and Bank of England Governor Mervin King last week announced another round of fiscal and monetary stimulus measures, including steps…
Banking
Laundered money
byUnder cover of its multiplicity of fabricated wars on drugs, terror, tax evasion, and organized crime, the US government has long been waging a…
Banking: from Goldman Sachs to David Fishwick?
byTwo days ago, Greg Smith, a Goldman Sachs executive director, resigned in sensational fashion, writing a column in the New York Times. In the…
The 2012 Baker Bill: a programme to end financial crises
byEarlier today Conservative Steve Baker MP put forward a Private Member’s Bill, the Financial Institutions (Reform) Bill, which outlines a programme of radical reforms…
Heckle sketching: why I paint instead of innovate
byI am an artist and serial entrepreneur, and I, like many, have been pillaged and plundered by the United States government. Heckle Sketch is…
Via Bloomberg: Kerr says euro woes may prompt return of gold standard
byFollowing his recent paper The law of opposites: Illusory profits in the financial sector, TCC Advisory Board member and founder of Cobden Partners Gordon Kerr appeared…
Why do bankers earn so much money?
byI was asked recently why it is that market forces do not push down the wages of the top earners in financial services. The…
ValueWalk interviews Detlev Schlichter
byReproduced by kind permission of Jacob Wolinsky at ValueWalk.com Can you tell us a little bit about your background? I studied economics in my…
How deposit insurance reduces financial stability
byAndrew Lilico has written a great article for The Telegraph on the dangers of deposit insurance: In a classic 2005 paper from the highly…
Ringfencing retail banks – just rearranging deckchairs on the Titanic
byThe 363 page ICB report implies more rules, more regulation, substantial taxpayer costs in drafting, implementing and overseeing. Will this approach work to protect…