Tag Archives: bank regulation

Whale-Sized Gambles, Lies, and Empty Apologies

Wall Street is the apex of legal gambling. It always has been. It’s not called gambling, of course, but we should understand that that’s precisely what it is. Perhaps the question for those of us living in a free market … Continue reading

Posted in Citizens United, Coffee Party, trickle down economics, Wall Street | Tagged , , , , , , , , , , | 3 Comments

“Bankers Are Balking at a Proposed Rule on Capital” Gretchen Morgenson – The New York Times

See on Scoop.it – DidYouCheckFirst “Over the next two months, the regulators proposing this rule will no doubt encounter a lobbying buzz saw. Mr. Hoenig (vice chairman of the F.D.I.C.) said he and his colleagues were bracing for that. Bankers, after … Continue reading

Posted in politics, free market, deregulation, capitalism, economy, greed, richest 1%, Wall Street, CDOs, poor, bail outs, regulation, middle class, credit default swaps, wealth distribution in America, CPB, BofA, corporate taxes, Bank of America, trickle down economics, Gilded Age, Occupy Wall Street, corporate welfare, JPMorgan | Tagged , , , , | Leave a comment