Wikileaks Exposes Super Secret, Regulation-Gutting Financial Services Pact

The substantive rules target what the financial services industry sees as obstacles to its seamless global operations, including: 1. limits on the size of financial institutions (too big to fail); 2. restrictions on activities (eg deposit taking banks that also trade on their own account); 3. requiring foreign investment through subsidiaries (regulated by the host) […]

On Larry Summers, The End Game Memo And Derivatives Or Why We Have $ 112 Billion Of Crap On Our Books

When John “I don’t Need No Stinking Advice” Key became our Prime Minister he had but one job. To destroy the Financial independence of New Zealand such as it was and make us totally dependent on the Transnational Financial Class. How did he go about it? He loaded up every council and our National financial […]