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      wall street greed

      Corporate Power as a puppet-master

      Regulate Their Greed or Pay the Price

      As philosophers from Socrates to Jesus to Adam Smith have told us over and over: unregulated greed always ends up enriching the few while devastating the rest of society.

      Thom Hartmann
      Mar 13, 2023

      The failure of the Silicon Valley Bank (SVB) shows us, once again, that unrestrained greed isn’t good. For even modest greed to have a positive effect in society, it must be regulated.

      The CEO of SVB didn’t like the regulations imposed after the 2008 financial meltdown by Congress’ Dodd-Frank legislation, and spent over a half-million dollars bribing…er, influencing…legislators (legalized by 5 Republicans on the Supreme Court) to change the law and exempt his and other smaller, regional banks from what he argued was the heavy hand of government.

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      silicon valley bank
      Balloons are placed next to a sign displaying information for residents to receive air-quality tests

      Echoing Workers, Sanders Says Train Derailments Stem From Wall Street Greed

      "When rail companies reduced their workforce by 30% under orders from Wall Street, bad things happen—like the dangerous derailments in Ohio and Michigan," said Sen. Bernie Sanders.

      Jake Johnson
      Feb 17, 2023

      Sen. Bernie Sanders on Thursday connected the spate of recent train derailments in the United States to Wall Street-backed cost-cutting and other policy decisions that have decimated the rail industry's workforce and compromised safety for the sake of larger profits.

      "When rail companies reduced their workforce by 30% under orders from Wall Street, bad things happen—like the dangerous derailments in Ohio and Michigan," Sanders (I-Vt.), the chair of the Senate Health, Education, Labor, and Pensions Committee, wrote on social media. "Rail companies not only must provide seven days of paid sick leave to workers, they must stop skimping on safety measures."

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      wall street greed
      JPMorgan Chase CEO Jamie Dimon attends a White House policy event

      'Jaw-Dropping': Wall Street Bonuses Have Soared 1,743% Since 1985

      A new analysis finds that if the federal minimum wage had increased at the same rate, it would currently be $61.75 an hour.

      Jake Johnson
      Mar 23, 2022

      A new analysis out Wednesday estimates that if the federal minimum wage had grown at the same rate as Wall Street bonuses over the past three and a half decades, it would currently be $61.75 an hour instead of $7.25.

      "Millions of essential workers continue to earn poverty wages, while the reckless bonus culture is alive and well on Wall Street."

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      wall street greed
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