Tags » Glass-Steagall Act

Politics: Trump, Banking, and the Economy

Before I begin this blog post, I want to put in a disclaimer. When I started this blog, I had no intention of talking much about either politics or business. 486 more words

Politics

Why the establishment were clean-bowled by Trump

Forget private email servers and sex tapes. Forget men versus women. This election was decided on the following three issues:

1. Globalization.

Currency manipulation by emerging economies like China and consequent offshoring of blue-collar jobs has gutted the US manufacturing sector. 501 more words

US & Canada

Requiem for the American Dream (4)

The third principle of the concentration of wealth and power is “Redesign the Economy,” i.e., use your political influence to change the rules of the economic system, so that it favors the already advantaged class in new and more powerful ways. 2,470 more words

Economy/Society

The Hole dug by Wells Fargo Bank

Wow, what can I say about the chicanery at the Wells Fargo Bank! It is shocking us here in the States. Here’s one version of the fraud story as reported by… 522 more words

Economy

Despite early burn, Sanders ignites the crowd at first night of DNC

Comedian Sarah Silverman may have called out Sanders supporters early in the evening, but ultimately it was the Vermont senator himself who had the last laugh. 447 more words

Nightmare on Wall Street: Republicans & Democrats Agree on Reinstating Glass-Steagall Act

Source: Wolf Street, by Wolf Richter

I can already hear the sloshing sounds of money.

An amazing thing happened at the Republican Convention when some unexpected language showed up in the official 66-page… 362 more words

Propaganda, Fraud, And Outright Lies

Wall Street Angry that Trump Says Restore Glass-Steagall

by Eric Zuesse

On July 18th, Rob Nichols, the President of the American Bankers’ Association, which is controlled by the mega-banks, struck back against Republican Presidential candidate Donald Trump. 1,321 more words

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