One can debate whether, by virtue of fractional reserve banking, every bank in the world is just a ponzi scheme, and where the stability of the system depends entirely on the level of counterparty faith and general confidence in the system, in other words, a grand con game in which the central bank is tasked with making sure the con works as planned when confidnce gets “a little low.” 372 more words
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EEUU: Compañias de fracking inflan exageradamente sus reservas de gas no convencional para atraer inversores
Presentando datos de sus reservas que superan en varias veces a los reales, las compañías petroleras de EE.UU. buscan ‘vender’ la burbuja de la fracturación a los inversores y persuadir a los legisladores para que permitan la exportación de crudo. 239 more words
FT LAUDERDALE (CBSMiami/AP) – A former law partner of convicted Ponzi schemer Scott Rothstein has been sentenced to nearly three years in federal prison.
In June, Stuart Rosenfeldt pleaded guilty to federal election campaign law violations, check fraud and a civil rights violation. 550 more words
On September 12, 2008, the Bank of England, had total assets worth £83.8 billion on its books. In the six years since then, the total assets of the British central bank have gone up by a whopping 385.6% to £ 404.3 billion, as on September 17, 2014. 1,423 more words