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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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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
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Wall Street Reform And Consumer Protection – The Foxes are Eating the Chickens
- July 9, 2010
- Posted by: Ted Bullen
- Category: Economy, Financial Services, News
The Dodd-Frank Wall Street Reform and Consumer Protection Act, named for Senator Chris Dodd and Congressman Barney Frank – the two foxes who watched over the henhouses of Fannie Mae and Freddie Mac, helping to kick off the current U.S. financial crisis – was severely criticized by Deutsche Bank this week. Deutsche is a very
