Economía marxista para el Siglo XXI


Michael Roberts Blog

In my last post (http://thenextrecession.wordpress.com/2013/10/22/from-coop-to-cop-out-from-stewardship-to-casino-banking/), I explained the demise of the UK’s Coop Bank from a bank that aimed to ‘serve the people’ with ‘ethical objectives’ to a failed toxic asset bank, now gobbled up on the cheap by American hedge funds, who coincidentally have now also got the largest equity share of Britain’s publicly-owned postal service, the Royal Mail, privatised at about one-third of its real value. This post now looks at the other end of banking spectrum: what the global universal banks are up to.

Well, despite the huge losses incurred to taxpayers in bailouts and the economy in general from the disastrous, reckless and criminal policies of the global banking system over the last six years, it’s business as usual.  As I outlined in a past post (http://thenextrecession.wordpress.com/2013/02/01/the-never-ending-banking-story/), it’s a never-ending story of greed and criminality.

The bank that gained most from the…

Ver la entrada original 2.028 palabras más

Responder

Introduce tus datos o haz clic en un icono para iniciar sesión:

Logo de WordPress.com

Estás comentando usando tu cuenta de WordPress.com. Cerrar sesión / Cambiar )

Imagen de Twitter

Estás comentando usando tu cuenta de Twitter. Cerrar sesión / Cambiar )

Foto de Facebook

Estás comentando usando tu cuenta de Facebook. Cerrar sesión / Cambiar )

Google+ photo

Estás comentando usando tu cuenta de Google+. Cerrar sesión / Cambiar )

Conectando a %s

Nube de etiquetas