At Wells Fargo, I Saw Firsthand How Excessive CEO Pay Harms Workers and Customers
Congress should use tax policy to rein in runaway CEO pay and encourage better business practices.
Ellen Brown: Beating Wall Street at Its Own Game — The Bank of North Dakota Model
By Ellen Brown / Original to ScheerPost North Dakota is staunchly conservative, having voted Republican in every presidential election since Lyndon Johnson in 1964. So how is it that the…
Ellen Brown: Why Does the Government Borrow When It Can Print?
By Ellen Brown / Original to ScheerPost In the first seven months of Fiscal Year (FY) 2024, net interest (payments minus income) on the federal debt reached $514 billion, exceeding…
Ellen Brown: Defusing the Derivatives Time Bomb: Some Proposed Solutions
The “protected class” is granted “safe harbor” only because their bets are so risky that to let them fail could crash the economy. But why let them bet at all?
Did Wall Street Just End the Class War?
By Les Leopold / Substack All workers can become capitalists, all workers can become rich! That’s the future of the economy according to the infamous Wall Street buyout firm, KKR,…
Ellen Brown: War By Other Means: Short Selling JPMorgan Chase
By Ellen Brown / Original to ScheerPost When the FDIC put Silicon Valley Bank (SVB) and Signature Bank into receivership in March, a study reported on the Social Science Research…
A Wild, Conspiratorial, Fantastical View of World Politics: Might It Be True?
The modus operandi of the Deep State is to prepare the ground for destruction of any nation deemed a threat and to neutralize those individuals, foreign and domestic, considered a…
Monopolies Cause Inflation, While Fed Chairman Powell Blames Workers
By Eve Ottenberg / CounterPunch As American monopolies fix prices higher and higher, the Federal Reserve bizarrely has concluded that employment is to blame for inflation. For months, Fed chairman…
First Republic Bank: The Second Largest Crash in History, Another Example of Bailout
First Republic Bank, holding USD 233 billion in assets, collapsed and was sold to banking giant JP Morgan Chase. First Republic is the third bank to fail in the US…
Ellen Brown: How the War on Crypto Triggered a Banking Crisis
By Ellen Brown / Original to ScheerPost According to an article in American Banker titled “SEC’s Gensler Directly Links Crypto and Bank Failures,” SEC Chair Gary Gensler has asked for…
Ralph Nader: Reckless Capitalist Banks Rescued by Government Socialism—Again!
By Ralph Nader Once again, government socialism – ultimately backed by taxpayers – is saving reckless midsized banks and their depositors. Silicon Valley Bank (S.V.B) and Signature Bank in New…
Private Opulence and Public Squalor in the US
The Federal Reserve is not working for the people but for wealthy individuals and corporations that can afford to have a say in the rules.
Ellen Brown: Banking Crisis 3.0: Time to Change the Rules of the Game
By Ellen Brown / Original to ScheerPost On CNN March 14, Roger Altman, a former deputy Treasury secretary in the Clinton administration, said that American banks were on the verge…
‘Regulation’ Is Not a Mantra
By Dean Baker / Beat the Press (CEPR) An item in Ezra Klein’s NYT column yesterday really grabbed by attention. Ezra cited a Wall Street Journal column that claimed that…
Ellen Brown: The Looming Quadrillion Dollar Derivatives Tsunami
By Ellen Brown / Original to ScheerPost On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in…