fix articles 143232, bank tribunal Los Angeles Indymedia : tag : bank tribunal

bank tribunal

When Financial Management Paralyzes Democracy (tags)

The 2010 Attac Bank Tribunal in Berlin was a civil society legal proceeding that decried the speculative business model: take excessive risks and burden taxpayers with the costs. Rating agencies should be public. Banks that are too big to fail are too big to exist and should be broken up

Ex-Fed Chairman Paul Volcker Criticizes the Federal Reserve (tags)

"Altogether the 81-year old Volcker can hardly see anything good in the development of the financial system over the last 25 years."

A World Full of Super-Bubbles: Ben Bernanke (tags)

In the last months, Ben Bernanke has emerged as a problem-intensifier, not a problem-solver. The man who flooded the world with cheap dollars faces the waste-heap of a sinking ship making the Titanic seem like a little rowing boat.

The Banking and Financial Crisis (tags)

"The transition from a long-term to a short-term orientation went along with the exaggerated profit goals. The approach of shareholder value sets maximum profits and dividends in the center of business policy and no longer long-term investments and the interests of employees.."

Financial Crisis as Organized Irresponsibility (tags)

In the years 2002-2006, guaranteeing mortgage credits was the greatest source of profit for investment banks. US policy massively promoted and in no way curbed awarding dubious credits. In 2003 Warren Buffett described derivatives as "financial weapons of mass destruction."

The Bank Tribunal in Berlin (tags)

Even today most radical market liberals do not see beyond their ideological blinders and explain the financial market crisis as a state breakdown. The financial catastrophe is a fiasco of their religious doctrine. The catastrophe plunged the dominant economy into a crisis of meaning.

Attac's Bank Tribunal: The Jury's Verdict (tags)

This crisis did not break out over society like a force of nature. Financial managers spread the legend that financial crises belong to capitalism as water belongs to the ocean and that euphoric phases of bubble formation and the bursting of bubbles come and go like the seasons.

There is only one economy (tags)

The stock exchange produces nothing. Speculations and bets do not create any assets, even if the daily stock market reports on television try to get us to believe the opposite. That the financial markets make themselves independent is the result of political decisions.

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