Debt, austerity, devastation: it’s Europe’s turn

Jay OwenReforming Global Finance

As the creditors get fatter, the innocent are punished. Susan George laments a leadership subservient to big business. Like plague in the 14th century, the scourge of debt has gradually migrated from South to North. Our 21st-century Yersinia pestis isn’t spread by flea-infested rats but by deadly, ideology-infested neoliberal fundamentalists. …

Anti-American Bankers

kristyReforming Global Finance

Anti-American Bankers Posted: 28 Sep 2011 07:56 PM PDT By Simon Johnson. An edited version of this short post appeared today on the NYT.com’s Room for Debate: “Are Global Banking Rules Anti-American?” Jamie Dimon claims that the new rules on bank capital “anti-American” because they somehow discriminate against American banks …