Colonization by Bankruptcy: The High-stakes Chess Match for Argentina
Argentina is playing hardball with the vulture funds, which have been trying to force it into an involuntary bankruptcy.
public banks
You can’t taper a Ponzi scheme: Time to reboot
Ideally, we might mimic the ancient Mesopotamians, the oldest and most long-lasting civilization in history, and devise an economic system that lasts for millennia.
Did the Other Shoe Just Drop? Big Banks Hit with Monster $250 Billion Lawsuit in Housing Crisis
For years, homeowners have been battling Wall Street in an attempt to recover some portion of their massive losses from the housing Ponzi scheme.
Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins
But the real story for taxpayers and depositors is the heightened threat to their pocketbooks of a deal that now authorizes both bailouts and “bail-ins” – the confiscation of depositor funds.