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Banker and economist to explain to Occupy St Paul’s how bankers falsify profits and misappropriate bailout funds

Tomorrow, Saturday December 10th at 1.30pm, my colleagues Gordon Kerr and Kevin Dowd will appear on the steps of St Paul’s Cathedral to explain how bankers falsify profits and misappropriate bailout funds for personal benefit. Kerr will set out: How derivatives transactions are structured to game flawed accounting rules and Basel regulations and create illusory profits and capital; How Basel rules, although deeply flawed, cannot actually function given the present false accounting system; A specific example of how his team […]

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Remember, remember, the 5th of November

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As CNN reports, the V for Vendetta-style Guy Fawkes mask has inspired Occupy protesters around the world. CNN points out: Ironically Fawkes, far from being the anti-establishment hero he has come to be seen as in the years since his death, was a monarchist who merely wanted to replace the Anglican king with a Catholic queen. A transcript of his trial with co-conspirators is available here. It’s hard reading for one not accustomed to 17th century English but, in relation […]

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