Search Results for: hana

  • World Bank: Banking Profile

    ByPrimary Researcher

    … the real eye-opener is in the failure of socialist ventures, those magnificent projects which were to bring prosperity to the underdeveloped countries. Here are just a few examples. Before receiving loans from the World Bank, Tanzania was not wealthy, but it fed its own people, and it had economic growth1. Graham Hancock, Lords of Poverty: The Power, Prestige, and Corruption of the International Aid Business (New York: Atlantic Monthly Press, 1989), pp. 59,60.
    Source: Creature From Jekyll Island
    https://www.scribd.com/doc/54912935/The-Creature-from-Jekyll-Island-G-Edward-Griffin
    The World Bank is barely …

  • How the Savings and Loans Changed Over Time

    ByPrimary Researcher

    … rather than the market value. It wasn’t long before appraisers were receiving handsome fees for appraisals that were, to say the least, unrealistic. But that was not fraud, it was the intent of the regulators. The amount by which the appraisal exceeded the market value was defined as “appraised equity” and was counted the same as capital. Since the S&Ls were required to have $1 in capital for every $33 held in deposits, an appraisal that exceeded market value by $1 million could be used to pyramid $33 million in deposits from Wall Street brokerage houses. And …

  • Why is the FDIC's Deposit Insurance Cap So High?

    ByPrimary Researcher

    … because the funds were fully insured. They just cared about the interest rate. On the other hand, the S&L managers reasoned that they had to make those funds work miracles for the short period they had them. It was their only chance to dig out, and they were willing to take big risks. For them also, the government’s insurance program had removed any chance of loss to their depositors, so many of them plunged into high-profit, high-risk real-estate developments. Deals began to go sour, and 1979 was the first year since the Great Depression …

  • The FDIC and the Continental Illinois Bank Bail Out

    ByPrimary Researcher

    … economic fabric of the entire nation—of the world itself—was at stake.
    Source: Creature From Jekyll Island
    https://www.scribd.com/doc/54912935/The-Creature-from-Jekyll-Island-G-Edward-Griffin
    One might ask, if there are such interlocking risks, then why did the government just not take over the bank and make it a government-run bank? These questions are never asked. Instead, the FDIC normally places the banks they save back into private hands.
    How The Contential Bank Failure Was Kept From Wiping Out the FDIC Reserves
    Perhaps the most important part of the bailout, however …

  • How Banks Lie About the Essential Banking Services They Provide to the Community

    ByPrimary Researcher

    … be allowed to fold because it provided “essential” banking services to the community. That was justified on two counts: (1) it served many minority neighborhoods and, (2) there were not enough other banks in the city to absorb its operation without creating an unhealthy concentration of banking power in the hands of a few. It was unclear what the minority issue had to do with it inasmuch as every neighborhood in which Commonwealth had a branch was served by other banks as well. Furthermore, if Commonwealth were to be liquidated, many of those branches undoubtedly would have been purchased by …

  • Why Banks Do Not Want Loans Repaid or Perpetual Loans

    ByPrimary Researcher

    … the British Crown became confused into thinking it needed to borrow money to fight the French. The Bank of England was created out of social credit, and was begun with tally sticks, which were just government credit.
    The fact that governments either cannot figure this out or are corrupted to hand over their money creation function to a private entity, puts them on the road of needing to borrow their own money.
    The Perverse Incentives to Create Unsound Loans
    Within this desire to keep the borrow permanently in debt, comes the incentive to create unsound loans as is explained in …

  • How the Morgan Bank and Rockefellers Dominated the Creation of the Fed

    ByPrimary Researcher

    … rapidly growing concentration of the control of money and credit in the hands of these few men…. Under our system of issuing and distributing corporate securities the investing public does not buy directly from the corporation. The securities travel from the issuing house through middlemen to the investor. It is only the great banks or bankers with access to the mainsprings of the concentrated resources made up of other people’s money, in the banks, trust companies, and life insurance companies, and with control of the machinery for creating markets and distributing securities, who have had the power to …

  • The 2021 US Stock Bubble

    ByPrimary Researcher

    … dollars against the stock. Scion is leveraging the trade with put options, increasing the potential for gain or loss relative to the capital invested.”
    https://seekingalpha.com/article/4429919-dr-michael-burry-shorting-tesla-and-treasuries
    The Problem with Shorting Tesla
    Comment #1
    I see the Tesla short as a very different kind of trade than the subprime housing market in the mid 00s. Burry showed the housing short was a matter of simple math. He saw the defaults coming and that was that.
    Tesla on the other hand has been backed by a lot of ideological fans who want

  • The 2021 US Real State Bubble

    ByPrimary Researcher

    … is to say: The one thing that defines their existence is that the government doesn’t guarantee their business. But, just like the bailout of the shadow bank American Insurance Group in 2008, recent events have made a mockery of this idea. Even before mortgage servicers came looking for a handout in April, the Federal Reserve agreed to protect exchange-traded funds, repurchase agreements, and money market accounts, which are the main financing avenues for many shadow bank entities, such as asset managers.
    https://newrepublic.com/article/157455/shadow-banks-back-still-big-fail
    That is an amazing statement. It …

  • The 2021 Financial Bubble and Investing Options

    ByPrimary Researcher

    … to trillions of dollars and supporting all financial markets, including the purchase of stocks for the first time, was an extension and qualitative development of the policies it has pursued ever since the stock market crash of October 1987 when it initiated the program of supplying ever cheaper money to the markets in response to a crisis.
    All the conditions are now developing for another crisis, going far beyond the scale of the crash of 2008, in which the working class will be directly confronted with the necessary task of taking political power in its own hands in order to