When the Dodd Frank Act was passed in 2010, President Obama triumphantly declared, "No more bailouts!"
Author Archives for Ellen Brown
About Ellen Brown
The new terms could be harnessed for local governments to own and operate their own banks.
A central bank-financed UBI can fill the debt gap, providing a vital safety net while preventing cyclical recessions.
When the World Health Organization announced on Feb. 24 that it was time to prepare for a global pandemic, the stock market plummeted.
In what is being called the worst financial crisis since 1929, the US stock market has lost a third of its value in the space of a month, wiping out all of its gains of the last three years
Although the repo market is little known to most people, it is a $1-trillion-a-day credit machine, in which not just banks but hedge funds and other "shadow banks" borrow to finance their trades
The Green New Deal resolution that was introduced into the U.S. House of Representatives in February hit a wall in the Senate, where it was called unrealistic and unaffordable
Former Federal Reserve Chairman Alan Greenspan called Paul Volcker "the most effective chairman in the history of the Federal Reserve.
What's going on in the repo market? Rates on repurchase ("repo") agreements should be about 2%, in line with the Federal Reserve funds rate
Central bankers are out of ammunition. Mark Carney, the soon-to-be-retiring head of the Bank of England, admitted as much in a speech at the annual meeting of central bankers