Governments have attempted to eliminate or mitigate financial crises by
regulating the financial sector. One major goal of regulation is
transparency: making institutions' financial situations publicly known
by requiring regular reporting under standardized accounting procedures.
Another goal of regulation is making sure institutions have sufficient
assets to meet their contractual obligations, through reserve
requirements, capital requirements, and other limits on leverage.
Some
financial crises have been blamed on insufficient regulation, and have
led to changes in regulation in order to avoid a repeat. For example,
the former Managing Director of the International Monetary Fund,
Dominique Strauss-Kahn, has blamed the financial crisis of 2008 on
'regulatory failure to guard against excessive risk-taking in the
financial system, especially in the US'.[26] Likewise, the New York
Times singled out the deregulation of credit default swaps as a cause of
the crisis.[27]
However, excessive regulation has also been cited as
a possible cause of financial crises. In particular, the Basel II
Accord has been criticized for requiring banks to increase their capital
when risks rise, which might cause them to decrease lending precisely
when capital is scarce, potentially aggravating a financial crisis.[28]
International
regulatory convergence has been interpreted in terms of regulatory
herding, deepening market herding (discussed above) and so increasing
systemic risk.[29] From this perspective, maintaining diverse regulatory
regimes would be a safeguard.
Fraud has played a role in the
collapse of some financial institutions, when companies have attracted
depositors with misleading claims about their investment strategies, or
have embezzled the resulting income. Examples include Charles Ponzi's
scam in early 20th century Boston, the collapse of the MMM investment
fund in Russia in 1994, the scams that led to the Albanian Lottery
Uprising of 1997, and the collapse of Madoff Investment Securities in
2008.
Many rogue traders that have caused large losses at financial
institutions have been accused of acting fraudulently in order to hide
their trades. Fraud in mortgage financing has also been cited as one
possible cause of the 2008 subprime mortgage crisis; government
officials stated on September 23, 2008 that the FBI was looking into
possible fraud by mortgage financing companies Fannie Mae and Freddie
Mac, Lehman Brothers, and insurer American International Group.[30]
Likewise it has been argued that many financial companies failed in the
recent crisis because their managers failed to carry out their fiduciary
duties.
NEWS ON BOOZE : THE TRUTH THE NEWS WILL NOT TELL YOU . Your Source of Daily Alternative & Independent News a daily follow up of Investigative Journalists Whistleblowers Conspiracy Theorists Truthers Visionaries and Freedom Fighters . Freedom is real and attainable
Thursday, January 9, 2014
Geopolitical Financial and Military Analysis ~ TIM ALEXANDER / CHRIS HARRIS - Dr Deagle Show 2014/01/09
Dr Deagle Show 2014/01/09 - TIM ALEXANDER / CHRIS HARRIS
Tim Alexander - Geopolitical Financial and Military Analysis - Chris Harris - Update on Fukushima and next release of radiation ..
Trunews December 30, 2013 - Brannon Howse and Dr. David Berman
Guest host, Dr. David Berman, is accompanied by Brannon Howse to discuss his latest book, "Religious Trojan Horse: How False Teaching from Neo-Evangelicals, the New Religious Right, and the Spiritual Left Have Invaded the Church to Establish a Coming Religious World Government."
Alex Jones Show: Thursday (1-9-14) Full Show
Alex continues coverage of the danger of radiation from the stricken
Fukushima nuclear plant reaching California. The Infowars team reports
on abnormal radiological readings discovered at Half Moon Bay in San
Mateo County, California. The team also files a report from the Humboldt
Bay Power Plant in Eureka, California, a nuclear plant that will be
decommissioned in 2015. Alex also talks about a report confirming that
the Pentagon is stockpiling potassium iodide in response to Fukushima
and other stories, including the controversy over a video featuring a
toddler spouting racist epithets.
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Alex Jones Show
Fukushima Radioactive water causes concern
The Tokyo Electric Power Company is still struggling to contain the
Fukushima nuclear disaster that was touched off by the 2011 earthquake
and tsunami in Japan. This autumn, the power company admitted that
contaminated groundwater was flowing into the Pacific Ocean at a volume
of one Olympic-sized swimming pool every week.A map that shows radiation
from the Fukushima plant spreading throughout the Pacific has been
circulating on social media. But US officials have said there is no
evidence of unsafe fish in the American food supply chain. The effects
of the radiation that has been released into the air and water may never
truly be known.Al Jazeera's Michael Okwu reports from Fukushima, Japan.
Cop Killer News Story Esoteric Code = Babylon Falling
Rev 18
2 Babylon the great is fallen, is fallen, and is become the habitation of devils, and the hold of every foul spirit, and a cage of every unclean and hateful bird.
3 For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.
8 Therefore shall her plagues come in one day, death, and mourning, and famine; and she shall be utterly burned with fire: for strong is the Lord God who judgeth her.
18 And cried when they saw the smoke of her burning, saying, What city is like unto this great city!
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