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