Economist Michael Hudson argues banks like Silicon Valley Bank have behaved in a greedy way, yet get US government bailouts, while regulatory capture and campaign contributions prevent systemic change
Whoever thought banks would become public enemy number one. Back in the 1980's thousands of Canadians lost their homes because of explosive bank rates originating in the US. I was one of them.
When Bill Clinton signed away the Glass Steagall Act in1999, he did so with a smile on his face and 2008 was the consequence.
Whoever thought banks would become public enemy number one. Back in the 1980's thousands of Canadians lost their homes because of explosive bank rates originating in the US. I was one of them.
When Bill Clinton signed away the Glass Steagall Act in1999, he did so with a smile on his face and 2008 was the consequence.