Archive by Author
US: Addressing the Housing Sector
Posted on27. Feb, 2012 by Ellen Brown.
New State Bank Bills Address Credit and Housing Crises By Ellen Brown Seventeen states have now introduced bills for state-owned banks, and others are in the works. Hawaii’s innovative state bank bill addresses the foreclosure mess. County-owned banks are being proposed that would tackle the housing crisis by exercising the right of eminent domain on [...]
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How Greece Could Take Down Wall Street
Posted on21. Feb, 2012 by Ellen Brown.
By Ellen Brown In an article titled “Still No End to ‘Too Big to Fail,’” William Greider wrote in The Nation on February 15th: Financial market cynics have assumed all along that Dodd-Frank did not end "too big to fail" but instead created a charmed circle of protected banks labeled "systemically important" that will not [...]
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US: Why the AGs Must Not Settle
Posted on05. Feb, 2012 by Ellen Brown.
Robo-signing Is Just the Tip of the Iceberg By Ellen Brown A foreclosure settlement between five major banks guilty of “robo-signing” and the attorneys general of the 50 states is pending for Monday, February 6th; but it is still not clear if all the AGs will sign. California was to get over half of the [...]
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US: Why All the Robo-signing?
Posted on26. Jan, 2012 by Ellen Brown.
Shedding Light on the Shadow Banking System By Ellen Brown The Wall Street Journal reported on January 19th that the Obama Administration was pushing heavily to get the 50 state attorneys general to agree to a settlement with five major banks in the “robo-signing” scandal. The scandal involves employees signing names not their own, under [...]
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Saving the Post Office
Posted on10. Jan, 2012 by Ellen Brown.
The Models of Kiwibank and Japan Post By Ellen Brown Neither rain nor sleet nor snow may have stopped the Pony Express, but the nation’s oldest and second largest employer is now under attack. Claiming the Postal Service is bankrupt, critics are pushing legislation that would defuse the postal crisis by breaking the backs of [...]
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The Way to Occupy a Bank
Posted on17. Dec, 2011 by Ellen Brown.
…………is to Own One By Ellen Brown The campaign to "move your money" has gotten a groundswell of support. Having greater impact would be to "move our money" — move our local government revenues out of Wall Street banks into our own publicly-owned banks. Occupy Wall Street has been both criticized and applauded for not [...]
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Wall Street Money Machine
Posted on09. Dec, 2011 by Ellen Brown.
Pulling Back the Curtain on the Wall Street Money Machine By Ellen Brown On November 27, Bloomberg News reported the results of its successful case to force the Fed to reveal the lending details of its 2008-09 bank bailout. In 29,000 pages of documents, the Fed revealed that by March 2009, it had committed $7.77 [...]
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The E C B Fiddles While Rome Burns
Posted on30. Nov, 2011 by Ellen Brown.
By Ellen Brown “To some people, the European Central Bank seems like a fire department that is letting the house burn down to teach the children not to play with matches.” So wrote Jack Ewing in the New York Times last week. He went on: “The E.C.B. [...]
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US: Super Committee Deadlock
Posted on19. Nov, 2011 by Ellen Brown.
Heads They Win, Tails We Lose By Ellen Brown It is no great surprise that with only days to go, the congressional “super committee,” given the herculean task of carving an additional $1.2 trillion out of the federal budget, has failed to reach agreement. Why should six Republicans and six Democrats with diametrically opposed views [...]
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Time for an Economic Bill of Rights
Posted on11. Nov, 2011 by Ellen Brown.
By Ellen Brown Henry Ford said, “It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” We are beginning to understand, and Occupy Wall Street looks like the beginning of the revolution. We are [...]
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