“What for a poor man is a crust, for a rich man is a securitized asset class.”
--Futures trader Ann Berg, quoted in the UK Guardian
Underlying the sudden, volatile uprising in Egypt and Tunisia is a growing global crisis sparked by soaring food prices and unemployment. The Associated Press …Continue
Added by Ellen Hodgson Brown on February 21, 2011 at 8:24pm — No Comments
Responding to an unfilled need for credit for local government, local businesses and consumers, three states in the last month have introduced bills for state-owned banks -- Oregon, Washington and Maryland – joining Illinois, Virginia, Massachusetts and Hawaii to bring the total number to seven.
While Wall Street is reporting record profits, local banks are floundering, credit for small businesses and consumers remains tight, and local…Continue
Added by Ellen Hodgson Brown on February 21, 2011 at 8:21pm — No Comments