The IMF is calling for a huge new round of bank bailouts.As the Telegraph noted yesterday: Lenders across Europe and the US are facing a $4 trillion refinancing hurdle in the coming 24 months and many still need to recapitalise, the Washington-ba…
Posts Tagged ‘Reggie Middleton’
Former Managing Director of Goldman Sachs: Accounting Fraud of the Too Big to Fails May Be Worse Than Enron
December 2nd, 2009 |
No Comments
Nomi Prins – former managing director of Goldman Sachs and head of the international analytics group at Bear Stearns in London – is saying the same thing that financial bloggers have been saying: The giant banks are manipulating their books to make the…
Debunking the “Too Big To Fail” Myth
October 13th, 2009 |
No Comments
As MIT economics professor and former IMF chief economist Simon Johnson points out today, the official White House position is that:(1) The government created the mega-giants, and they are not the product of free market competition(2) The White House n…
The Real Reason the Giant, Insolvent Banks Aren’t Being Broken Up
October 3rd, 2009 |
No Comments
Why isn’t the government breaking up the giant, insolvent banks?We Need Them To Help the Economy Recover?Do we need the Too Big to Fails to help the economy recover?No.The following top economists and financial experts believe that the economy cannot r…