Executive Summary The size of the FDIC’s insurance cap tells us important information about the private banking control over the FDIC. Introduction The FDIC insurance cap is far above the typical account. This was engineered by private banking interests. The FDIC Insurance Cap The excessive insurance cap is explained in the following quotation. The average…
Executive Summary The bail out of Continental Illinois Bank by the FDIC provides important clues for the FDIC really operates. Introduction The bailout of Continental Bank illustrates how corrupt the FDIC is by the private banking sector. How the FDIC Was Pressured into Overcovering the Continental Bank Failure The FDIC was pushed into overcovering the…
Executive Summary The FDIC was brought into existence to stabilize the US banking system. Introduction The FDIC was part of the US banking crisis reforms of the 1930s to insure deposits in private banks. However, the FDIC is only necessary because the US Government lost control over its money creation function. If the US Government…
Executive Summary The FDIC is insurance for the banking system in the US. It is a massive subsidy to private banking interests and has since been expanded to investment banks. Introduction The FDIC is the Federal Depository Insurance Corporation and was brought into existence after the bank failures of The Great Depression and instituted as…
Executive Summary The FTC is a captured regulatory agency that pretends to look out for the public good while allowing enormous already established monopolies to acquire and merge. Introduction The FTC is described in the following quotation. “Still, all of these choices were just procedural, they did not actually address the main problem with the…
Executive Summary What is The Real Purpose of Charities The Problem with Bono Political Fronts Introduction For years we heard from various sources how important charity was. However, after working for completely corrupt organizations like KPMG that also lauded charity and even had days where they would dedicate employee days to charitable events, we began…
Executive Summary Why Deregulation is Grand Who Me? How Deep Was BP Drilling? Why Was the “Top Kill” Procedure Delayed Lying BP CEO United Against Safety Standards State of US Energy BP Substituting PR for Action Lying and Cheating Up To This Point? The Myth of Obama as a Populist Another fine example of deregulation….
Executive Summary How AIG Selected its Regulator How Did it Happen? Introduction This video by Matt Taibbi is amazing. Taibbi describes how AIG opened up a single thrift in Delaware, and designated itself a thrift and was then regulated not by a body specializing in insurance (which was AIG’s primary business), but by a regulatory…