Ellen Brown

Ellen Brown is an attorney and founder of the Public Banking Institute. She is the author of twelve books, including the best-selling Web of Debt, and her latest book, The Public Bank Solution, which explores successful public banking models historically and globally.

Articles by this author

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Friday, May 11, 2012 - 1:16pm
Indentured Servitude for Seniors: Social Security Garnished for Student Debts
"The Social Security program…represents our commitment as a society to the belief that workers should not live in dread that a disability, death, or old age could leave them or their families destitute." – President Jimmy Carter, December 20, 1977.
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Wednesday, April 18, 2012 - 1:54pm
How the Goldman Vampire Squid Captured Europe
In September 2008, Henry Paulson, former CEO of Goldman Sachs, managed to extort a $700 billion bank bailout from Congress. But to pull it off, he had to fall on his knees and threaten the collapse of the entire global financial system and the imposition of martial law; and the bailout was a one-time affair. Paulson’s plea for a permanent bailout fund —the Troubled Asset Relief Program or TARP—was opposed by Congress and ultimately rejected.
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Monday, April 9, 2012 - 11:49am
All Banks Are Not Created Equal
It is well known that Philadelphia was the birthplace of the U.S.
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Sunday, April 1, 2012 - 1:35pm
Canada’s 2012 Budget: Imposing Austerity on the World’s Most Resource-rich Country
Canada, called the world’s most resource-rich country, is now being subjected to austerity measures like those imposed on third world countries in earlier decades. It is all done in the name of reducing a federal debt that got out of control in the 1970s, when Canada quit borrowing from its own central bank.
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Thursday, March 22, 2012 - 11:18am
The Shadow Bailout: How Big Banks Bilk US Towns and Taxpayers
The “toxic culture of greed” on Wall Street was highlighted again last week, when Greg Smith went public with his resignation from Goldman Sachs in a scathing oped published in the New York Times. In other recent eyebrow-raisers, LIBOR rates—the benchmark interest rates involved in interest rate swaps—were shown to be manipulated by the banks that would have
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Monday, February 27, 2012 - 8:49am
Move Our Money: New State Bank Bills Address Credit and Housing Crises
Seventeen states have now introduced bills for state-owned banks, and others are in the works. Hawaii’s innovative state bank bill addresses the foreclosure mess. County-owned banks are being proposed that would tackle the housing crisis by exercising the right of eminent domain on abandoned and foreclosed properties. Arizona has a bill that would do this for homeowners who are current in their payments but underwater, allowing them to refinance at fair market value.
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Monday, February 20, 2012 - 6:53am
How Greece Could Take Down Wall Street
In an article titled “Still No End to ‘Too Big to Fail,’” William Greider wrote in The Nation on February 15 th : Financial market cynics have assumed all along that Dodd-Frank did not end "too big to fail" but instead created a charmed circle of protected banks labeled "systemically important" that will not be allowed to fail, no matter how badly they behave.
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Sunday, February 5, 2012 - 8:13am
Why the AGs Must Not Settle: Robo-signing Is Just the Tip of the Iceberg
A foreclosure settlement between five major banks guilty of “robo-signing” and the attorneys general of the 50 states is pending for Monday, February 6th; but it is still not clear if all the AGs will sign.
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Friday, January 27, 2012 - 1:27pm
The Shadow Banking System: A Web of Financial Fraud
The Wall Street Journal reported on January 19th that the Obama Administration was pushing heavily to get the 50 state attorneys general to agree to a settlement with five major banks in the “robo-signing” scandal. The scandal involves employees signing names not their own, under titles they did not really have, attesting to the veracity of documents they had not really reviewed. Evidence reveals that it was an industry-wide practice, dating back to the late 1
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Thursday, September 15, 2011 - 10:39am
Banking for California's Future
AB 750, California’s bill to study the feasibility of establishing a state-owned bank that would receive deposits of state funds, has passed both houses of the legislature and is now on the desk of Governor Jerry Brown awaiting his signature.
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