Tag Archive for deregulation

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…

Best Person to Head New Consumer Protection Agency Opposed by Tim Geithner

Elizabeth Warren presents the best defense for the middle class. It is imperative she head the new agency that will ultimately defend consumers from the the practices of the banking and credit card industries. Far from being a crony to the financial kings, she has been the most vocal advocate of an agency dedicated to the interests of consumers.