The year 2020 has caused many white people to realize we live in a racist system. The Green New Deal is about systemic change for all, and deconstructing racism must be front and central in this agenda.
Bankruptcy Reform Act
Follow:
-
New G-20 Rules Authorize Global Seizures of Public Deposits and Pensions
Global leaders may not have known what they were endorsing last month – or did they? – when they rubber-stamped a resolution that completely changes the rules of banking.
-
Ticket to Insolvency: The Fed's Bizarre New Rules to Asset-Strip Local Government
The latest misguided move by regulators could result in serious collateral damage to cities – maybe serious enough to finally propel them into bankruptcy.
-
Armageddon On Wall Street: The Looming Mass Destruction from Derivatives
The shadow banking system is propped up by a hidden government guarantee known as safe harbor status, pushed through by Wall Street, which has created perverse incentives for the financial system to self-destruct.
-
The Detroit Bail-In Template: Fleecing Pensioners to Save the Banks
The Detroit bankruptcy is looking suspiciously like the bail-in template originated by the G20’s Financial Stability Board in 2011.
-
Is Your Money Safe in a "Too Big to Fail" Bank?
The next crisis will likely be due to the staggering derivatives trade: the current exposure in derivatives at "too big to fail" banks exceeds the total world's gross domestic product.
