MUST READ: Debt Crisis: Europe’s Democracies Must Not Subcontract Their Destiny to the Bundesbank
Europe has lit the fuse on an economic and financial bomb. The rescue package for Spain cannot plausibly be contained to €100bn once it begins, given the subordination of private creditors and collapse…
Federal Reserves Secretly Bails Out European Banks . . . Again
Raven Clabough, New American, 12-30-2011 http://thenewamerican.com/usnews/foreign-policy/10383–federal-reserve-secretly-bails-out-european-banks-again Despite assertions from Federal Reserve officials that the United States would not play a role in bailing out European banks, that is exactly what has happened —…
