Depositors – Not Taxpayers – Will Take The Hit For Next ‘2008’ Crash Because Major Banks May Use ‘Bail-In’ System

By Barbara G. Ellis, -

What’s likely to happen to depositors’ money in a major commercial bank in another 2008 crash? And for months, financial pundits and experts such as William Cohen have been warning an even bigger [...]

The Crisis Next Time: Planning For Public Ownership As An Alternative To Corporate Bank Bailouts

By Thomas Hanna, -

The next financial crisis is all but inevitable. While its exact timing and severity cannot be predicted, both the accelerating frequency of crises in recent decades and the continued [...]

Report Projects DOE Coal, Nuclear Bailout Costs Could Top $34 Billion

By Emma Foehringer Merchant, -

Analysis out this week from The Brattle Group estimates the Trump administration’s coal and nuclear support plan could cost between $9.7 billion and $17.2 billion annually. Working off of the [...]

Baltimore Action Legal Team Joins National Mama’s Bail Out Day

By Charlene Dukes, -

By Charlene Dukes for BALT - BALTIMORE, MD — In the days leading up to Mother’s Day, Baltimore Action Legal Team (BALT) is joining a coalition of racial and criminal justice organizations across [...]

Louisiana Governor Requests Bailout As Flood Costs Rise To $15bn

By Matthew Teague, -

By Matthew Teague for The Guardian - The cost of August’s historic flooding in Louisiana is surging into view now, and rising as fast as riverwater. It could hit $15bn, according to a new report, [...]

A Crisis Worse Than ISIS? Bail-Ins Begin

By Ellen Brown, -

By Ellen Brown for Web of Debt Blog - At the end of November, an Italian pensioner hanged himself after his entire €100,000 savings were confiscated in a bank “rescue” scheme. He left a suicide [...]

Greek Parliament Approves Bailout Causing a Rebellion In SYRIZA

By Sharmini Peries, -

By Sharmini Peries for the Real News - It has been I think a dramatic 48 hours, even by the standards of the Greek crisis. As the, within hours--perhaps that's a bit of an exaggeration. A day or [...]