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Banking Sector Diamonds (Dimons) Lose Their Luster
- July 5, 2012
- Posted by: Ted Bullen
- Category: Banking, Corruption, Ethics, News
No CommentsBarclay’s London-based CEO, Bob Diamond, was ousted this week as a result of an admitted manipulation of the London InterBank Offered Rate (LIBOR). LIBOR has long been one of the world’s most used financial indices. Manipulation of LIBOR by Barclay’s and other banks, directly impacts consumers and businesses. Barclay’s first manipulated the rate so as
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Throwing Water on a GREECE Fire – An Explosive Action
- February 22, 2012
- Posted by: Ted Bullen
- Category: Banking, Economy, Government, Monetary Policy, News, Public Sector
It is common knowledge that if grease gets hot enough (above 600 degrees Fahrenheit,) it will catch fire. It is also common knowledge that such a fire is best extinguished by taking measures to smother the flames, and NEVER to throw water on such a fire. If such a mistake is made, the result is
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Banking Industry – Consolidation by Fiat
- January 28, 2011
- Posted by: Ted Bullen
- Category: Banking, News
Today, the Federal Deposit Insurance Corporation took over banks in Colorado, New Mexico, Oklahoma, and Wisconsin. These included: First Community Bank, based in Taos, N.M, with $2.3 billion in assets; FirsTier Bank, based in Louisville, Colo., with $781.5 million in assets; First State Bank of Camargo, Okla., with $43.5 million in assets; and Evergreen State
