Posts Tagged
European Central Bank

Greece Just Lost Control of its Banks and Why Deposit Haircuts are Imminent
The keys to all Greek banks have just been handed to the European Central Bank (ECB).
YES, Greek banks may have been insolvent — something that was clear since the first bailout of 2010 — but at least the Greek state had control over them: as such it could have mandated mergers, recapitalizations,…

Frankfurt is in Flames
Anger against bankers — as yet unfocused against Jews, and mostly leftist in origin — explodes as new European Central Bank building is opened (explanation of banking fraud here).
GERMAN POLICE have arrested 350 people, as thousands of protesters descended on Frankfurt today to demonstrate…