Can too big to fail banks really take your money if things go sour and leave you screwed without access to your cash?
The short answer: without the p...
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Rather than reining in the massive and risky derivatives casino, the new rules prioritize the payment of banks' derivatives obligations to each other, ahead of everyone else.
Had we issued separate bond series for domestic and international consumption, then, maybe, we could default on the domestic issues and hold the foreigners harmless.
The U.S. Postal Service (USPS) is the nation's second largest civilian employer after Walmart. Although successfully self-funded throughout its long h...
Giant banks are buying up our country's infrastructure -- the power and supply chains that are vital to the economy. Aren't there rules against that? And where are the banks getting the money?
In Cyprus, the depositors were "bailed in" (stripped of a major portion of their deposits) to re-capitalize the banks. In Detroit, it is the municipal workers who are being bailed in, stripped of a major portion of their pensions to save the banks.
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