When Deutsche Bank Wobbles, Wall Street Gets Shaky Knees

A report issued by the International Monetary Fund (IMF) called out Deutsche Bank as “the most important net contributor to systemic risks.” Read more

Oakland Public Bank Feasibility Study Delayed

Some observers perceive foot-dragging and opposition from City Hall. Read more

Resisting the New Feudalism & The Economics of Happiness

Check out this week's radio show. Read more

Cities and States Prefer Public Banks to Wall Street

Alarmed by the corruption and greed of Wall Street, many US cities and states are studying the feasibility of establishing public banks. Read more

It's Our Money: Can History Please Not Repeat Itself?

The earliest days of private banking cartels in America occurred before we were the United States. The pattern of private capital determining government policy is centuries old... Read more

Oakland Holds Community Forum on Public Banking

The idea of creating a public bank in Oakland is under serious consideration, a move that could help the city's cannabis industry access financial services and free up more funds for lending and infrastructure development. Read more

How to Cut Infrastructure Costs in Half

Money is not fixed and scarce. It is "elastic": it is created when loans are made and extinguished when they are paid off. Private banks now create nearly 97 percent of the money supply in this way. To get much-needed new money into local economies, rather than borrowing from private investors who cannot create the money they lend, governments should borrow from banks, which create money in the form of deposits when they make loans. And, to get that money interest-free, a government should borrow from its own bank, which returns the interest to the government. Read more

Dark Pools: The Path to the Next Financial Crisis?

The biggest banks on Wall Street, both foreign and domestic, have been repeatedly charged with rigging and colluding in markets from New York to London to Japan. Thus, it is natural to ask, have the big banks formed a cartel to rig the prices of their own stocks? And, are these dark pools behind the run-up in bank stock prices? Read more

What Donald Trump Owes Wall Street

Wells Fargo. JPMorgan Chase. Fidelity Investments. Prudential PLC. Vanguard Group. These are among the major financial institutions that own business debt held by Donald Trump, according to an investigation just published by the Wall Street Journal. Read more

Bernie Sanders Supporters Launch Effort to Reform Wall Street

Supporters of Senator Bernie Sanders demand that President-elect Donald Trump fulfill a campaign pledge promising to enact a 21st Century Glass-Steagall Act to reform Wall Street. Read more

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