Tag Archives: Iceland

Criminal Fraud is Routine in the Biggest Banks: Time to Prosecute the Bankers

There was a period of remorse and apology for banks- I think that period needs to be over. Bob Diamond, Group Chief Executive of Barclays plc. On Wednesday, the Commodity Futures Trading Commision (CFTC), US Department of Justice and UK Financial Services (FSA) authority released their statements on Barclays, which is facing a fine of some $450 million. They revealed systematic, routine fraud in the organisation, […]

Austerity economics is now completely discredited. It’s time for a Keynesian alternative.

Since around 2009 a consensus has been forming as a response to the economic and “deficit crisis” amongst the leaderships of most of Europe and the USA, as well as most of the media.  The Tea Party in the USA, David Cameron’s “compassionate Conservatives” and the establishment parties and media across Europe are all saying […]