Look out for financial crisis part II: Donald Trump has just appointed a key architect of the 2008 global meltdown
8 years, 3 months ago

Look out for financial crisis part II: Donald Trump has just appointed a key architect of the 2008 global meltdown

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Boom and bust economic theory suggests that, however we regulate banks, we should expect another financial crisis in the near future. Besides the anti-gay, anti-women, anti-Jewish, anti-Muslim men and women that are already in the cabinet of hell, Mr Trump has just appointed one of the most powerful men on Wall Street and a key architect of the 2008 financial crisis. Pinning blame for the world’s financial crisis of 2008 on one man or one bank would not be fair, but Gary Cohn and his entourage at Goldman Sachs is a good place to start.

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History of this topic

Crashing the economy: Inside Trump's blueprint for more grifting
1 month, 4 weeks ago

Crashing the economy: Inside Trump's blueprint for more grifting

Raw Story  

Democrats are warning that Trump’s threats to increase our national debt by as much as $7 trillion, shift billions of Treasury dollars into crypto, and impose tariffs on imported goods risk creating a financial crises and maybe even a second Republican Great Depression. And 45 percent believe women have gained too many rights, echoing Tate’s argument that, as young British …

Democrats’ failure to punish CEOs for 2008 crash contributed to Trump’s rise, says Obama aide
3 months, 1 week ago

Democrats’ failure to punish CEOs for 2008 crash contributed to Trump’s rise, says Obama aide

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Democrats’ failure to punish “greedy” CEOs for the 2008 …

'Disaster': Trump allies said to be mulling 'one of the dumbest ideas anyone could have'
3 months, 1 week ago

'Disaster': Trump allies said to be mulling 'one of the dumbest ideas anyone could have'

Raw Story  

Donald Trump's allies have discussed dismantling a Depression-era reform intended to prevent bank failures and maintain trust in the financial system, according to a report. Sources told CNN that the president-elect's allies are interested in shrinking or even closing the Federal Deposit Insurance Corporation and giving the Treasury Department oversight of deposit insurance, but former regulators and academics say that …

'The next recession starts here': Trump team weighs abolishing bank regulators
3 months, 2 weeks ago

'The next recession starts here': Trump team weighs abolishing bank regulators

Raw Story  

President-elect Donald Trump and his advisers are reportedly considering plans to weaken—or abolish altogether—top bank regulators, including the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency. The Wall Street Journal reported Thursday that members of Trump's transition team and the new Elon Musk-led Department of Government Efficiency have asked nominees under consideration to head the FDIC …

’Banking crisis not over,’ JPMorgan CEO on possibility of ’2008’ like recession
1 year, 11 months ago

’Banking crisis not over,’ JPMorgan CEO on possibility of ’2008’ like recession

Live Mint  

In a recent letter to shareholders, JPMorgan Chase & Co CEO Jamie Dimon expressed his concerns about the ongoing U.S. banking crisis and its potential long-term effects. "The current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come," Dimon wrote Storm clouds are still threatening the economy …

Banking turmoil has potential to trigger financial crisis, warns ANZ Banking Group CEO
2 years ago

Banking turmoil has potential to trigger financial crisis, warns ANZ Banking Group CEO

Firstpost  

London: Australia and New Zealand Banking Group’s CEO said on Monday the latest turmoil in the global banking system had the potential to trigger a financial crisis though it was early to predict it could bring one similar to that in 2008. But he said it was premature to assume the current condition could result in “another GFC”, referring to …

Risky business: What next for a troubled banking world after the collapse of two US banks?
2 years ago

Risky business: What next for a troubled banking world after the collapse of two US banks?

ABC  

The doomsday calls have been coming thick and fast during the past fortnight, replete with predictions of a global financial crisis re-run. And while the European Central Bank shrugged aside the warnings and pushed ahead with a super-sized rate rise last Thursday — for fear of appearing concerned about the week's events — there'll be plenty of questions in central …

The Men Who Stole the World: Inside the 2008 Financial Crisis
5 years, 9 months ago

The Men Who Stole the World: Inside the 2008 Financial Crisis

Al Jazeera  

A look at how top executives on Wall Street helped trigger a global financial crisis – and how it may happen again. “The 2008 financial crisis displayed what the world now identifies as financial contagion,” says Philip J Baker, the former managing partner of a US-based hedge fund that collapsed during the financial crisis. by David Enrich, Finance editor for …

Notorious right-wing economist claims Obama caused the financial crisis — two years before he was elected
5 years, 11 months ago

Notorious right-wing economist claims Obama caused the financial crisis — two years before he was elected

Raw Story  

On Monday, right-wing economist Arthur Laffer went on Fox News and warned that if Bernie Sanders is elected president, he would cause a financial crash just like the one Barack Obama caused in 2007 — two years before he took office. "By giving to those who have a little bit less, you provide them with an alternative source of income, …

Ten Years After The Financial Crisis, The Contagion Has Spread To Democracy Itself
6 years, 6 months ago

Ten Years After The Financial Crisis, The Contagion Has Spread To Democracy Itself

Huff Post  

By the time Lehman Brothers filed for the largest bankruptcy in American history on Sept. 15, 2008, the country had been navigating stormy global financial waters for more than a year. Mistakes were made, the government’s former top financial overseers acknowledge in a recent piece for The New York Times, but they did ultimately “prevent the collapse of the financial …

From Trump to trade, 2008 financial crisis still resonates
6 years, 6 months ago

From Trump to trade, 2008 financial crisis still resonates

Live Mint  

This week is the 10th anniversary of the inflection point of the 2008 financial crisis: the collapse of Lehman Brothers, the biggest bankruptcy in history. “We are almost at each other’s throats when times are good,” said Ray Dalio, the founder of Bridgewater Associates, the largest hedge fund in the world with some $150 billion in assets, and the author …

I was one of the only economists who predicted the financial crash of 2008 – in 2017 we need to make urgent changes
8 years, 2 months ago

I was one of the only economists who predicted the financial crash of 2008 – in 2017 we need to make urgent changes

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

What have we learned from the bank crash?
11 years, 6 months ago

What have we learned from the bank crash?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. While the amount of capital held by the six …

Timeline: Global financial crisis
15 years, 6 months ago

Timeline: Global financial crisis

Al Jazeera  

Major dates in the world’s descent into financial turmoil. October to December 2006 – The boom in house prices begins to reverse its course as defaults on homes in US rise to record levels, prompting warnings of an impending subprime mortgage crisis. special report We look at the implications of the world economic crisis August – Banks around the world …

Economy, financial sector trouble most Americans
15 years, 6 months ago

Economy, financial sector trouble most Americans

The Hindu  

One year after Wall Street teetered on the brink of collapse, seven out of 10 Americans lack confidence that the federal government has taken safeguards to prevent another financial industry meltdown, according to a new Associated Press -GfK poll. Only one out of five surveyed said Mr. Obama bore responsibility for the recession; 54 per cent blamed former President George …

Mar 22nd 2008
17 years ago

Mar 22nd 2008

The Economist  

History suggests that open standards will once again trump “walled gardens” on the internet How to help Zimbabwe, if Robert Mugabe really gives up power at last A pitiful narrowing of choices for Iranians—and for the outside world The Dalai Lama is China's best hope of winning Tibetan acceptance What went wrong in the financial system—and the long, hard task …

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