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 economy ruled by this¬†astronomically¬†lucrative gambling is, “Should we trust the gamblers to do anything except … More Whale-Sized Gambles, Lies, and Empty Apologies

‘Whale-sized’ Proof That Wall Street Can’t Be Trusted

Wall Street is proving once again that they simply cannot be trusted. What is required is even greater and stronger regulation, not less. We also need laws that expeditiously put bankers in jail for the kinds of willfully unethical actions undertaken by JP Morgan senior managers in the London Whale escapade. Few of us are … More ‘Whale-sized’ Proof That Wall Street Can’t Be Trusted