Search Results for: hana

  • TARP: The Troubled Asset Relief Program

    ByPrimary Researcher

    Executive Summary

    This program was designed to push bad assets off of the balance sheet o the banks and onto the government.

    Introduction
    TARP stands for Troubled Asset Relief Program. What it did was move toxic assets off of the balance sheets of the private banks and put them onto the government’s balance sheet. It was a bank bailout. The point of this program was to “save the banks” but also to hand out government money in return for nothing to private banking interests, and to hide bank fraud. It is explained in the following quotation.
    “The challenge for …

  • The Basel III Accords

    ByPrimary Researcher

    … few bigger banks. Some on Wall Street, like mergers and acquisitions expert John Slater, predict that Basel III’s compliance costs will lead to a merger boom, and that in the next 3-5 years 20-30 percent of all banks will merge, further consolidating wealth in fewer and fewer hands. That is the object – world bank/economic and hence political control by a handful of un-elected, unaccountable, international bankers beholden to no one, many of whom have ethics only Machiavelli could admire and worldviews that most people on earth would consider abhorrent.” – The Money Masters
    “The Aldrich Plan …

  • US Federal Reserve Act of 1913

    ByPrimary Researcher

    … agreed that the plan was unacceptable in a democracy and killed it during the 1912 election. He articulated his position on centralized banking power on the campaign trail: “The great monopoly in this country is the monopoly of big credits. So long as that exists, our old variety and freedom and individual energy of development are out of the question. A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men, who, even if their

  • California's High Speed Rail

    ByPrimary Researcher

    Executive Summary

    California’s High Speed Rail is project is an example of what consulting companies tend to do infrastructure projects.

    Introduction
    The waste that was the California High Speed Rail Project is explained in this quotation.

    “Consultants assured the state there was little reason to hire hundreds or thousands of in-house engineers and rail experts, because the consultants could handle the heavy work themselves and save California money. It would take them only 12 years to bore under mountains, bridge rivers and build 520 miles of rail bed — all at a cost of just $33 billion. Now, more …

  • Blackrock: Consulting Profiles

    ByPrimary Researcher

    … the financial power; it was the asset managers. She said: We are often told that a manager is there to invest our money for our old age. But it’s much more than that. In my opinion, BlackRock reflects the renunciation of the welfare state. Its rise in power goes hand-in-hand with ongoing structural changes; in finance, but also in the nature of the social contract that unites the citizen and the state. Public policy is made today in ways that favor the stock market, which is considered the barometer of the economy, although it has little to …

  • The Real Story With the FDIC

    ByPrimary Researcher

    … 000 are protected by FDIC insurance, but the FDIC fund had only 93 billion in it at the end of 2017. total US bank deposits are close to 17 trillion, of which about half are covered by the FDIC insurance in the 2013 article in USA Today titled can FDIC handle the failure of a mega bank? Financial Analyst Darrell Delamaide warned the biggest failure the FDIC has handled was Washington Mutual in 2008. And while that was plenty big with 307 billion in assets, it was a small fraction Heard with the 2.5 trillion trillion in assets today …

  • The Bank of North Dakota: Banking Profiles

    ByPrimary Researcher

    … in ruins. The response of the BND was immediate and comprehensive, demonstrating financial flexibility and public generosity that no privately-owned bank could match. The BND quickly established nearly $70 million in credit lines and launched a disaster relief loan program; worked closely with federal agencies to gain forbearance on federally-backed home loans and student loans; and reduced interest rates on existing family farm and farm operating programs. In the 2020 crisis, North Dakota shone again, leading the nation in getting funds into the hands of workers and small businesses. Unemployment benefits were distributed in North Dakota faster …

  • Post Office Banking: Banking Profiles

    ByPrimary Researcher

    … by far during this time. Second, the post office would serve every community without regard to profit. In other words, profitable routes (along the Eastern Seaboard) would subsidize the east-to-west routes. Other shippers could compete with the post office along these routes, but the post office could not discontinue any route without congressional approval. Third, Congress would subsidize the dissemination of newspapers through the post office. The subsidy, financed by merchants who paid handsomely to mail letters, reduced the price of newspapers by 700 percent. In other words, wealthy northeasterners were paying for information to be carried …

  • Credit Unions in the US: Banking Profile

    ByPrimary Researcher

    … low-income worker who had been charged 1200 percent interest on a small loan. Desjardins began studying possible remedies to this growing problem and ran across a mention of the European credit union movement. He decided to start a cooperative, modeled after the German Raiffeisen credit unions, from his own home. He handled all the transactions himself and did not pay himself a salary. Membership was open to anyone in the community who was determined to be in “good standing,” and a committee of members decided which loans to make based on a person’s character and record of …

  • International Monetary Fund: Banking Profile

    ByPrimary Researcher

    … and political rulers have more immediate goals in mind. The bureaucracy enjoys a plush life administering the process, and the politicians on the receiving end obtain wealth and power. Ideology is not their concern. Socialism, capitalism, fascism, it makes no difference to them as long as the money flows. Graham Hancock has been an astute observer of the international-aid “industry” and has attended their plush conferences. He knows many of the leading players personally. In his book, Lords of Poverty, he speaks of the IMF’s Structural-Adjustment loans: Corrupt Ministers of Finance and dictatorial Presidents from Asia, Africa …