The Hidden Government Guarantee that Props Up the Shadow Banking System by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
September 17, 2013

Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system. The shadow banks, although free of government regulation, are propped up by a hidden government guarantee in the form of safe harbor status under the 2005 Bankruptcy Reform Act pushed through by Wall Street. The result is to create perverse incentives for the financial system to self-destruct.

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Larry Summers: Goldman Sacked by Greg Palast + Palast: Larry Summers’ Secret ‘End Game’ Memo

by Greg Palast
Writer, Dandelion Salad
www.gregpalast.com
For Vice Magazine
September 17, 2013

Larry Summers - Caricature

Image by DonkeyHotey via Flickr

Joseph Stiglitz couldn’t believe his ears.  Here they were in the White House, with President Bill Clinton asking the chiefs of the US Treasury for guidance on the life and death of America’s economy, when the Deputy Secretary of the Treasury Larry Summers turns to his boss, Secretary Robert Rubin, and says, “What would Goldman think of that?”

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Chris Hedges: #OWS was a Tactic; It’s Not Over

Chris Hedges on #NDAA lawsuit Former @nytimes reporter - overthrow the corporate state! #ows #s17

Image by Steve Rhodes via Flickr

Dandelion Salad

with Chris Hedges

wearechange on Sep 17, 2013

Chris Hedges on the 2 year anniversary of occupy Wall Street.

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