My translation of an article entitled An Ex-banker and Occupier Walk Into a Jail. Guess Which One’s Serving Time? written by Chris Arnade and was originally published on… 1,371 more words
Tags » Banking Reform
Giant banks, opaque hedge funds, and incomprehensibly leveraged trading in derivatives are the dominant features of the financial landscape. None of these are valuable for the country’s growth, its wealth distribution, or its commercial economy–and none are in any way necessary. 1,104 more words
.. well , to be honest , they did not belong in the euro in the first place . Their finances were never in good enough condition to meet what are called the ” Maastrict Criteria ” for entering the Eurozone .. 166 more words
JP Morgan Chase CEO Jamie Dimon thinks Massachusetts Senator Elizabeth Warren doesn’t “understand global banking system”.
So, Dimon and Warren don’t have a basic disagreement on how banks should be managed and regulated. 695 more words