Category Archives: Banking industry

Lessons from Iceland, Where Offshore Created an Onshore Bubble Free of Rules and Regulations

In Iceland, the rapid growth of offshore, meaning tax evasion, along with harmful, even criminal, practices produced a massive boom and bust.

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Watch Bill Clinton, Larry Summers, and Phil Gramm Have a Love Fest Over Repeal of Glass Steagall

Watch Bill Clinton heart financiers in 1998 and try to take it back in 2013.

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Italy’s Atlas Bank Bailout Fund: The Shareholder of Last Resort

By Silvia Merler, former Economic Analyst in DG Economic and Financial Affairs of the European Commission (ECFIN) and an affiliate fellow at Bruegel. Cross-posted from Bruegel. In Greek mythology, Atlas the Titan was condemned by Zeus to eternally hold the weight of the sky on his shoulders. A mythological struggle that has recently made the […]

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