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…
Tag Archive for bank bailouts
FinReg – Financial Regulation – Reform
by Bill Spaulding • • 3 Comments
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…
Corporate personhood, fascism, and Libertarian-Republican double speak
by Chris Prevatt • • 1 Comment
With the Supreme Court’s ruling Thursday, CitiGroup, whose largest individual stockholder is a Saudi Arabian billionaire, can spend unlimited funds against any elected official who tries to regulate their activities. When they get in trouble again, legislators will simply give them another no-strings-attached taxpayer funded bailout, or else.
