On this, the 5th anniversary of the bankruptcy of Lehman Brothers, Americans should take time to pause and remember this as yet another heinous crime of historic proportions perpetrated on Americans on a day in September. It wasn’t terrorists and it wasn’t Main Street who killed our economy. No, this crime was perpetrated on us … More Let’s #NeverForget915 and the Lies of Trickle-Down Economics
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 all, prefer things just the way they are. They can load up on leverage to … More “Bankers Are Balking at a Proposed Rule on Capital” Gretchen Morgenson – The New York Times
Take a good look. These are the real Socialists in America today(1). No, not Socialism in the text-book definition of the word. I mean something more heinous: a dystopian form of capitalism in which all the gains are privatized and all the losses are socialized. The New York Times reported that when Bernanke said, “…the economy … More Wall Street’s Socialists
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
The “Walmart vs the Morons” email finally landed in my inbox. Can anyone possibly take this seriously? Perhaps defining Walmart as a “success” and the government as a “failure” depends mostly on how we think about and define words like ‘success’ and ‘failure’ from the outset. Is it only about money and market share and … More Walmart vs the Morons; Seriously?