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Ellen Brown is an attorney, president of the Public Banking Institute, and author of 11 books. Her websites are http://WebofDebt.com, http://EllenBrown.com, and http://PublicBankingInstitute.org. In her latest book, "Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free," she shows how the power to create money has been usurped from the people and how we can get it back.
Saturday, July 2, 2011 How the Bailout Killed Local Lending -- And How Some States Hope to Bring It Back
The Wall Street bailout was supposed to keep credit flowing to Main Street, but it has wound up having the opposite effect. Local businesses have traditionally been the main engines for increasing employment, and they need bank credit for their working capital; but today credit to local businesses has collapsed nearly everywhere. That's why 14 states are now considering state-owned banks to get credit flowing again.
Monday, November 24, 2008 THE BAILOUT THAT FAILED: HOW OBAMA CAN TURN A NO DEAL INTO A NEW DEAL
Paulson's bank bailout has failed either to save the banks or to unfreeze credit markets. Obama proposes a massive stimulus package, but funded with what? The federal debt is already at perilous levels. The answer may be simpler than it seems . . .
Saturday, October 25, 2008 THE NOT-SO-INVISIBLE HAND: HOW THE PLUNGE PROTECTION TEAM KILLED THE FREE MARKET
October 24 marks the 79th anniversary of the October 1929 stock market crash. Many feared a repeat of this disaster on Friday, October 24, 2008; but remarkably, disaster was averted. How? The not-so-invisible hand of the Plunge Protection Team was detected, frantically pulling strings . . .
Sunday, July 13, 2008 LET THE LAWSUITS BEGIN: BANKS BRACE FOR A STORM OF LITIGATION
Lawsuits threaten the banks from all sides from state attorneys general, consumer class actions, and investor backlash. Shifting liability for the subprime debacle back to the banks could bankrupt even the biggest banks. But that might not be a bad thing . . .
