This is not rocket science. By developing a public banking system, governments can keep the interest and reinvest it locally.
Banks and borrowers were supposed to be paying equal rates: the fat years would balance out the lean. But the Fed artificially manipulated the rates to the save the banks.
NEW YORK - PIMCO's Bill Gross, manager of the world's largest bond fund, said on Monday it was a "misconception" the firm was short on U.S. Treasu...
Cities and states have had to pay Wall Street firms $4 billion since 2008 to get out of complicated interest rate deals that went sour, Bloomberg repo...
There are thousands of city and local government that spend hundreds of billions of dollars each year that are processed through banks. With a well-organized social movement, we could change the ways banks do business on Main Street.
Credit specialists at Citi are considering launching the first derivatives intended to pay out in the event of a financial crisis. The firm has drawn ...
Harvard's swaps, which assumed that interest rates would rise, proved so toxic that the 373-year-old institution agreed to pay banks a total of almost...
