Alarmed by Europe’s latest debt crisis and its unpredictable outcome, banks are getting increasingly picky about who they do business with for fear of taking on risky exposures to rivals who could be about to be whipsawed by bad debts. Greece’s slow-motion crash towards default, coupled with the poor health of banks in Spain, have…
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Contributors- Economic and Financial, Must Read
Geithner’s Ploy: Saving U.S. Banks at Taxpayer Expense, Once Again
by Guest Editorial • • 0 Comments
By Michael HudsonU.S. and foreign stockmarkets continue to zigzag wildly in response to expectations about whether theeuro can survive, in the face of populations suffering under neoliberalausterity policies being imposed on Ireland, Greece, Spain, Ita…
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Nowhere to Run, Nowhere to Hide
by Bears Chat at The Wall Street Examiner • • 0 Comments
I landed back in the USA Wednesday from Sweden. What a downer to be reminded that more people speak English in the foreign country you just came from, and to notice what a slum airport New York’s JFK is. “Wretched refuse yearning to be free,” the po…
