All Articles on Glass-Steagall
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Views Change Wall Street Can Believe In Wall Street is doing to America what private equity firms did to Simmons Bedding and many other productive companies. Taking control with borrowed money, stripping assets, slashing jobs and cashing out. Taxpayer bailouts saved Wall Street from choking on its own greed. Now, as the Wall Street... Read more |
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Views Three Steps to Save Wall Street For the first time in decades, Washington is daring to tackle financial reform. It took the collapse of the whole sector and the resulting public outrage to get them started, and it will take pressure to keep them going. It’s not certain that Congress and the Obama administration will have the... Read more |
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News British Break up Several Bailed-Out Banks Some want U.S. to follow suit to increase financial competition Read more |
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Views The Movement Against the Banks A massive rally in Chicago next week aims to express public displeasure with the massive bank bailout outside the American Bank Association annual meeting. Protesters will converge at 11:30 on Monday, October 26, at 301 North Water Street, where the meeting is taking place. "The same financial... Read more |
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Views Obama Banking Too Much On Banks In his Wall Street speech, the president outlines reforms—but they don’t go deep enough. Read more |
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Views America, Smitten with Financial Sector, Must Build True Wealth The unemployment rate at the end of July was 9.4 percent and is expected to reach 10 percent by year's end. If part-time workers who want full-time jobs and those who have given up hope for a new job are included, the current jobless rate jumps to 16 percent. Could it be that jobs are disappearing... Read more |
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Views Time to Do Something About 'Too-Big-to-Fail' Banks A Wall Street Journal survey this week found that a majority of economists back the idea of Federal Reserve Chairman Ben Bernanke sticking around for another term. Their support hinges on the belief that Bernanke averted a larger economic catastrophe with his actions last fall. Indeed, last month,... Read more |
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Views ‘Government Sachs’ Strikes Gold ... Again Connect the dots: Goldman Sachs made $3.44 billion in profit this past quarter, while the U.S deficit topped $1 trillion for the first time in the nation's history and appeared to be headed toward doubling that figure before the budget year is out. Since most of the increase in the federal deficit... Read more |
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Views Are Our Markets Being Manipulated by 'Rogues' or Firms? There’s New Evidence to Suggest That Crime in the Financial Markets Is Rife Read more |
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Views Financial Reform, Words and Deeds It's good that Barack Obama is an agile basketball player because on financial regulatory reform he's having to straddle an ever widening chasm between his words and his deeds. Obama said: "Millions of Americans who have worked hard and behaved responsibility have seen their life dreams eroded by... Read more |