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Name: Home Boy
Gender: Do not display
Hometown: Hell, Michigan
Home country: The Great Satan
Current location: I don't know.
Member since: Sat Mar 4, 2006, 11:49 PM
Number of posts: 31,493

About Me

I am voting for Bernie Sanders.

Journal Archives

Glass-Steagall, Dodd-Frank and The Volcker Rule: A Primer and Resources

Interested in the truth for a change?



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Giving Up Your Bank for Lent
Bank of America Strikes Again
Byron Dorgan’s Prophetic Words

IMO neither party is going to do anything about this ...more info at the top link:


PBS’s Frontline chronicles the rise and fall of the Glass-Steagall Act.

First impressions of the Dodd-Frank bill from The New York Times’ Dealbook blog.

Rolling Stones’ Matt Taibbi says that Congress looked serious about financial reform, until the banks unleashed an army of 2,000 paid lobbyists.

ProPublica explains how the rules called for in the original Dodd-Frank bill have been muddied and watered down.

New York Times columnist Joe Nocera wonders if the bankers might have a point about the new regulations being overly complex.

The Economist calls Dodd-Frank “Too big not to fail.”

WNYC compares Glass-Steagall with the Volcker Rule.

The New York Times’ Dealbook blog calls the Volcker Rule “good as dead.”

The people at the top don't care which party gets the blame and IMO both parties are to blame.

When you look at how cronie capitalism has taken hold over our gov it becomes obvious that it isn't so much a party problem as it is the rotten core of our gov that is owned by anyone with enough money. Also for those who are for free market capitalism, consider this ...Wallstreet got bailed out! That means that free market capitalism was suspended under the lie of fear of a collapse which delivered the bail out. It's one or the other. Either it is capitalism or it is welfare for the rich. Capitalism lets the penalty for failure occur. If you think that is a problem of party then you have been brain washed by the DLC or whatever it was that caused you to think it was just the repukes. It's not! It is those in the gov that are under the full influence of money and that money is not coming from us except for the massive bail out that they got @ >1% and then reinvested into gov bonds @ 3%. When the truth matters more than politics then people can get a real clue on what is destroying our democracy.

Don't believe me ...I don't know that much but there are those that do and you can check it out here: http://billmoyers.com/episode/encore-broadcast-crony-capitalism/

Also see:
David Stockman on Crony Capitalism
Jacob Hacker & Paul Pierson on Engineered Inequality
Encore Broadcast: On Winner-Take-All Politics
Worth Watching: ‘Three Little Pigs’
Encore Broadcast: Crony Capitalism
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