“Wall Street got drunk” was George W Bush’s typically incisive take on the main cause of the emerging financial crisis in July 2008. Two years later the governor of the Bank of England, Mervyn King, explained in his Mansion House speech that “the role of a central bank in monetary policy is[...]

“Well done is better than well said,” Benjamin Franklin, 1706-1790 The history of televised presidential debates in the United States goes back 52 years. On Sept. 26, 1960, two young and charismatic presidential hopefuls, Democrat John F. Kennedy and Republican Richard Nixon, faced off in the first such debate, before[...]

JP Morgan Chase has become the first major bank to be accused of institution-wide fraud stemming from the sale of mortgage-backed securities that helped fuel the 2008 meltdown on Wall Street.  The fraud accusation is contained in a lawsuit filed in the New York State Supreme Court by the state’s attorney general,[...]

Wall Street is a “protected” operation. Protected means cops are aware of illegal activity, but are paid off to look the other way and even protect businesses from potential harm. So, if you’re waiting to get back into the markets once the trash has been taken out, you’re about to[...]

AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters’ worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy. The study’s assumptions have attracted some criticism, but[...]