Wall Street banks are intended to function as efficient allocators of capital to grow new businesses and industries in America. But since the Glass-Steagall Act was repealed in 1999…
Trump Discusses ‘the false economy’ …
“We support reinstating the Glass-Steagall Act of 1933 which prohibits commercial banks from engaging in high-risk investment,” said the platform released by the Republican National Committee…
Wall Street’s Protection Racket: Mandatory Arbitration…
What people across Wall Street cannot figure out is why the Board of JPMorgan Chase didn’t sack its CEO, Jamie Dimon, at some point between the bank’s first two felony counts in 2014 and…
Busting the Banksters: The Case for Super Glass-Steagall–Part 1/2…
The mainstream narrative about “recovery” from the financial crisis is a giant con job. And nowhere does the mendacity run deeper than in the “banks are fixed” meme…
Busting The Banksters—-The Case For Super Glass-Steagall, Part 2/2…
Burning Down the House…
There’s a new feature to the Anything-Goes-and-Nothing-Matters economy: Nothing-Adds-Up. The magicians who pretend to measure the growth of GDP…
Here’s Why Americans Are Mad as Hell at Wall Street and Washington…
Tens of millions of Americans clearly understand that an entrenched system of corruption such as this, perpetuated through a revolving door between Wall Street and Washington, while…
Is Deutsche Bank as Dangerous to Financial Stability as Citigroup Was in 2008?…
Deutsche Bank is starting to resemble the financial basket case that Citigroup became in 2008, leading to Citigroup’s partial ownership by the U.S. government…
The 1 Percent’s Useful Idiots by Chris Hedges…
The parade of useful idiots, the bankrupt liberal class that long ago sold its soul to corporate power, is now led by Sen. Bernie Sanders. His final capitulation…
The Fed Is Preparing For Negative Rates – Here’s The Sign Everyone Missed…
I think it’s possible that the Fed will push rates below zero when the next recession arrives…