Tag Archive for bank bailouts

NY Times on Calls to Reinstate Glass-Steagall Act: Meh

This post is for frequent commenter Robert “LaRouchie” Lauten, who will spit into the wind his insistence that the re-instatment of the Glass Stegall act which provides tighter regulation of banks and large financial institutions is the cure-all for what ailes the economy.  The New York Times says “not so fast.” From the story in Tuesday’s…

FinReg – Financial Regulation – Reform

Yesterday while listening to NPR, I heard someone explain in terms clearer than I’d heard to date what it means to have rules in place for how Wall Street, the investment banks, depository banks, and all the others operate. There’s no such thing as a truly and fully “free market” — the absence of regulation.…