Archive for category Economics

The Politics of Banking and the Banking of Politics — Campaign Finance

Now the question is: Should we hold the institutions themselves responsible for the collapse or the individuals that concocted the fraud? It would seem to me that so long as we support an economic system that romanticizes over the idea of freedom from regulations and unlimited growth, you won’t see an end to the corruption. It seems as though there’s news every day that highlights the very nature of investment banking—

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Keeping LIBOR in Our Minds

Unless you never watch, read, or listen to the news on some platform, you would be hard pressed to not know something about the London Inter-Bank Offered Rate, also known as LIBOR. If you happen to be unaware of what LIBOR is, or the scandal surrounding it – Matt Taibbi has an excellent infographic explaining […]

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One Scheme to Rule them All

Understanding Global-Finance is not as daunting a task as it once was. So much information is at our disposal; from conspiracy related content, to actual facts and figures, an enormous amount of data is freely available – thanks to the internet. Still, very few of us will ever attempt to understand because we’ve been told […]

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Nationalize Money, Not Banks

We Don’t Have To Be In Financial Crisis In the article below, Herman Daly, a University of Maryland Professor and former World Bank economist, makes the case for 100% reserves. This reform, once a principle goal of important economists, would terminate the ability of the banking system to create credit to finance its own speculations […]

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HSBC Takes $2 billion Hit for U.S., UK Scandals

Source: Reuters By Steve Slater and Matt Scuffham | LONDON | Mon Jul 30, 2012 12:03pm EDT (Reuters) – Revelations of lax anti-money laundering controls at HSBC are “shameful and embarrassing” for Europe’s biggest bank, its boss said on Monday, and it may have to pay out well over $2 billion for the scandal and in compensation for UK mis-selling. […]

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The TIE Tournament

More Details to Come About this Exciting Event We all have our opinions. But how often do you ever really get paid for them. When The Intellectual Extravaganza is fully implemented, and participation grows, we plan to offer just that through our playoff-format online debate tournament. With Monthly Cash Prizes! and the end of the year TIE […]

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Welcome to the Anonymous Generation

Keep it Honest and Interesting We have a chance to define what our generation contributes to the world. I see beautiful people everyday who want nothing more than to bring people together to share ideas and their culture. Sites like Facebook, Twitter, and Reddit have completely changed how we interact with one another on a […]

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