Showing posts with label Glass-Steagall Act. Show all posts
Showing posts with label Glass-Steagall Act. Show all posts
Friday, August 22, 2014

Federal Reserve banks rob the people a minimum $400 billion annually through ZIRP, so far have paid just $125 billion in fines for financial crisis crimes

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Bank of America is a chief offender appearing in the lists. The latest fine against it, among others, is detailed here : "The B...
Thursday, July 3, 2014

Rush Limbaugh whitewashes Republicans' central role in abolishing Glass-Steagall

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Are we supposed to believe Rush Limbaugh doesn't know that three Republicans co-sponsored the Gramm-Leach-Bliley Act of 1999 which overt...
Sunday, June 23, 2013

What's Worse? Frequent Financial Panics Over Quickly, Or A Long Great Depression?

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Unfortunately, you won't read about the Federal Reserve's role in the run-up to the Great Depression from Roger Lowenstein's dis...
Wednesday, May 22, 2013

Former Sen. Phil Gramm Underestimates The Cost Of Obama's Debt Bomb

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Sen. Phil Gramm for The Wall Street Journal, here : Since the World War II era, the average maturity of outstanding federal debt has been ab...
Monday, April 29, 2013

Mish Finally Calls This Economy Fascism

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Took him long enough, here : "In short, the problems we face are not the result of free market capitalism, but rather the results of Fe...
Monday, April 1, 2013

Ben Bernanke Is Trying But Failing Miserably At Money Printing

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And it's not exactly his fault. Historically in the postwar period, the increase in Total Credit Market Debt Outstanding (TCMDO) has clo...
Sunday, March 17, 2013

TNR Blames And Credits JK Galbraith For Contemporary Financier Fascism

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It would be nice if liberals could make up their mind. The New Republic's Tim Noah here traces TARP, Dodd-Frank and ultimately the gene...
Sunday, February 24, 2013

The Banks Own 32% Of The Stock Market, Households 37%

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This Bank of America chart from July 2012 seen here shows bank ownership of the equity markets at 32% in Q1 2012, a stunning number rivalli...
Wednesday, September 5, 2012

Charles Gasparino Fingers Clinton For Housing Bubble But Misses Key Fact

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Charles Gasparino fingers Pres. Bill Clinton for the housing bubble, here , pointing as many others have to the baleful influence of repeali...
Wednesday, July 11, 2012

Glass-Steagall Was An Expression Of Hierarchical System Modularity

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That is the unstated conclusion of Mark Buchanan's "Living Cells Show How to Fix the Financial System" for Bloomberg.com here ...
Friday, July 6, 2012

Basel Capital Rules Reinforce Fascist Financialization Of The Global Economy

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Robert Barone for Minyanville summarizes better than anyone else I have read the process whereby banking in partnership with government has ...
Sunday, February 19, 2012

Dodd-Frank is 848 Pages Long, Glass-Steagall was 37 Pages

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Robert Lenzner reminds us here that the shorter one worked pretty well for a pretty long time, but the longer one which replaces it is alre...
Thursday, October 6, 2011

Rush Limbaugh's Mission Accomplished: Tea Party Absorbed by Republican Party

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Otherwise, Rush would not have tried so hard today to disagree with a caller who suggested the Tea Party was born of outrage over the bailou...
Sunday, September 4, 2011

Up Until February 2010, Sarah Palin Was A TARP Republican

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Many have pointed out Gov. Sarah Palin's hypocrisy on the bailouts, especially after her book Going Rogue appeared in late 2009, which...
Saturday, June 18, 2011

Joe Nocera Takes a Look at the Passage of the Glass-Steagall Act in 1933

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For The New York Times, here . Glass-Steagall separated investment banking from commercial banking and created the FDIC to protect the latte...
Monday, June 13, 2011

The Current Shape of the 78 Year Emergency

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Robert G. Wilmers, a defender of community banking, doesn't explicitly mention the abolition of Glass-Steagall, but he lays out some of ...