Bank boom bust in Iceland
Government and regulators in Iceland allowed the country’s banks to grow too big, too fast, paving the way for a financial meltdown, according to an official inquiry. The Special Investigation...
View ArticleA Bank account should be a human right
“Financial literacy is the new civil rights of today” says John Hope Bryant, Founder, Chairman and CEO of Operation HOPE. Speaker at this week’s OECD Forum, Bryant insists that understanding the...
View ArticleHey you, stop wurfing and read about the 26 billion buck haircut!
Haircuts can be dangerous OK, wurfing (surfing the web at work) didn’t make it into the new edition of the Oxford Dictionary of English published today, but toxic debt and quantitative easing did....
View ArticlePot lashes out at kettle
Under medieval insolvency laws, inquiries into bank failure could use torture and hostage taking to get answers. With the loss of traditional values, today’s investigators can only ask questions and...
View ArticleBanks, bonuses and Basel
It's hard to believe now, but in those days, you had to use your own money Smoothing his comb-over to a rakish angle, Vinnie settled his beer gut on the bar and waited for the chicks to come running....
View ArticleSolving the sovereign debt crisis
The sovereign would like a word with you about his debt On September 5th 1661, Louis XIV ordered D’Artagnan and his musketeers to arrest Nicolas Fouquet, the “Surintendant des finances”, for the...
View ArticleCyprus: Further Compressing the Coiled Spring
Bank runs are nothing new, but they’re not a thing of the past either Today’s post is from Adrian Blundell-Wignall, Special Advisor to the OECD Secretary General on Financial Markets. The view...
View ArticleThe Liikanen Report on Banking Reform: A Good Try, But Two Major Flaws
Please let me keep three screens. Today’s post is from Adrian Blundell-Wignall, Special Advisor to the OECD Secretary-General on Financial Markets. The view expressed here is his own and does not...
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