Tags » Glass-Steagall Act

INTERNNATIONAL FINANCE AND INEQUALITY (PART I)

INTERNATIONAL FINANCE AND INEQUALITY (PART I)

My all-time favorite economist, John Maynard Keynes, whose followers such as Joseph E. Stiglitz and Thomas Piketty are also favorites of mine, warned against unregulated international finance at the Bretton Woods Conference in 1944. 702 more words

Noam Chomsky Takes a Look at Income Inequality in his new book

Noam Chomsky’s new book, Requiem for the American Dream: The Ten Principles of Concentration of Wealth and Power, based on the film of the same name, is a primer in Chomsky’s analysis of the faults of the American political and economic system. 3,142 more words
Government/Politics

Trump to break up big banks

On Monday in an interview for Bloomberg President Donald Trump announced that he and his team are considering reviving the famous Glass-Steagall act. This move will effectively break up commercial from investment banks and will bring stability back to the sector. 455 more words

BANKSTERS

Trump says he's thinking about breaking up the big banks

President Donald Trump said Monday he was contemplating breaking up the big Wall Street banks.

“I’m looking into that right now,” he told Bloomberg about bringing back the “old system” that separated consumer lending and investment banking. 163 more words

Trade

Will Donald Trump Keep His Campaign Promise To Reinstate Glass-Steagall?

During a press briefing earlier this month, White House Spokesman Sean Spicer said the administration remained committed to a Trump campaign promise to restore Glass-Steagall, which effectively prohibits commercial banks from engaging in investment banking. 1,037 more words

Commentary

GOP Plans to Repeal Dodd-Frank Legislation

Why do we need legislation that prevents big banks from undermining the whole world’s economy with overly risky investments? We can trust them. They are our friends. 202 more words

Politics

Is U.S. Economy Our Version of Mr. Creosote?

By Andrew Witzel

There is a systemic problem in the United States that is bigger than just Trump and his minions.  When it started is quite clear to anyone using Google but everyone has their own opinion, so I’m going to share mine.  559 more words