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June 30th

  • Increase state bank ownership: Left Party - The Local: ?We are now seeing the effects of an unregulated capitalist market and it has proven to be very bad for society. This is a socialist solution even if it doesn't break with capitalism. We take common ownership as our starting point,? Ohly said. Among other things, the Left Party wants to increase state ownership in Nordea and said SBAB should devote more of its resources to banking operations. When the government takes control of a bank, that ownership should then be retained. There should also be an upward limit on a bank's size. Ohly didn't give specifics.

June 29th

June 28th

June 27th

  • Irreversible Damage: Why Little Action on Banking Can Do Great Harm - Economix Blog - NYTimes.com: If you value America?s political strength, this is the wrong time to be loading the country up with debt as part of a wait?and-see policy. There are only three ways out of excessive debt: rapid growth (which, sadly, seems unlikely), high inflation (which is completely undesirable), or default (which leads to many other problems). It would be much better not to take on so much government debt. But the only way to do that is to take on the bankers.

June 21st

June 17th

June 16th

  • Obama to propose strict new regulation of financial industry - Los Angeles Times: The Obama administration this week will propose the most significant new regulation of the financial industry since the Great Depression, including a new watchdog agency to look out for consumers' ; interests. Under the plan, expected to be released Wednesday, the government would have new powers to seize key companies -- such as insurance giant American International Group Inc. -- whose failure jeopardizes the financial system. Currently, the government 9;s authority to seize companies is mostly limited to banks.
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