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Aussie Banks Not So Safe
From Money Morning: We dropped the line yesterday about the banks having $13 trillion of off-balance sheet business. We’ve mentioned this number several times over the last year, but if you’re a new...
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Our “Squeeze Pop” Carbon Bank
Big bubbles, no troubles: An independent carbon bank, similar to the Reserve Bank, should be set up to oversee a carbon price and investment in clean technology, the peak renewable energy lobby says....
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By Hook Or By Crook – Moody’s Says Our Banks Are Too Big To Fail
Australia’s Big Four banks have all just received a credit rating downgrade by ratings agency Moody’s. From the Sydney Morning Herald: Moody’s Investors Service has downgraded the long-term debt...
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When Banks Write Government Legislation, It’s Time To Kill The Banks … And...
From the New York Times: WASHINGTON — Bank lobbyists are not leaving it to lawmakers to draft legislation that softens financial regulations. Instead, the lobbyists are helping to write it themselves....
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Mortgage Insurance Through The Roof, And Other Nasty Signs
From the Sunday Telegraph: PREMIUMS have gone through the roof for the supposed “insurance” that a quarter of all homebuyers have to pay when taking out a loan. Lenders Mortgage Insurance for a...
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Australian Banks “Welcome” Cyprus-Style Bail-In Plan
AFMA letter to Australian Treasury, 11 January 2013, page 5 (click to enlarge) On 11 January 2013, the Australian Financial Markets Association (AFMA) responded to the Australian Treasury regarding the...
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5 Years After The Financial Crisis, The Big Banks Are Still Committing...
Cross-posted from Zero Hedge: Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But – as documented below – many...
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