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Bank balance sheets are incomprehensible, even to experts
http://www.marketplace.org/topics/bu...e-even-experts
http://www.theatlantic.com/magazine/...-banks/309196/
Really good article about how the Banks have gotten worse
Good points of why Dodd-Frank were not beneficial.
Last edited by spursncowboys; 01-03-2013 at 08:37 PM.
Bank balance sheets are incomprehensible, even to experts
http://www.marketplace.org/topics/bu...e-even-experts
Most of D-F, along with CFPB, were gutted, are not enforced. Financial sector's $100Ms in effective lobbying politicians and corrupting regulators is unstoppable.
Great read! Thanks!
anti-financial-sector OWS is still ridiculed by right-wingers here.
It's just you that is ridiculed Boo...
You Lie, rich asshole
@ broke , bitter, Boo...
No. You're pretty much ridiculed 'round here.
Won't be any actual reform without banker blood..and lots of it.
Ridiculed by you -slapped right-wing assholes is a compliment. Keep it up
I just watched inside job, the do entary released in 2010 about the financial crisis. I highly recommend this for all of you who wish to better understand the multiple levels of interconnection informing the political-economic strangle hold wall street has over our society.
http://www.filmsforaction.org/watch/inside_job_2010/
That movie is just sickening to watch, especially that bought and paid for economist who gets pissy in the interview.
All hail our benevolent Job Creators.
If the movie has Barney Franks explain anything, it has no credibility!
Repugs obstruct and water down financial sector reform, then ask why it's ineffective... These clowns are an embarrassment to America.
If that's what you got out of it...Congrats!B_D
Repugs obstruct and water down financial sector reform, then ask why it's ineffective. Financial sector lobbyists got into the rule-making stage of CFPB and other stuff passed after the Banksters Great Depression and shot it full of holes. This apart from the structural problem of nothing but Wall St people running the Fed and Treasury.If that's what you got out of it...Congrats!
good read. thanks for the link, SnC.
Banks Get Delay In New Rule, Keeping Taxpayers On The Hook For Risky Trades
JPMorgan Chase & Co. (JPM), Goldman Sachs Group Inc. (GS) and Bank of America Corp. won a delay of Dodd-Frank Act requirements that they wall off some derivatives trades from bank units backed by federal deposit insurance.http://thinkprogress.org/economy/201...ky-trade-rule/
Commercial banks including the Wall Street firms may get as long as an additional two years — until July 2015 — to comply with the rules, the Office of the Comptroller of the Currency said in a notice yesterday. The provision was included in Dodd- Frank, the 2010 financial-regulation law, as a way to limit taxpayer support for risky derivatives trades…The so-called push-out provision of Dodd-Frank requires that equity, some commodity and non-cleared credit derivatives be moved — or pushed out — into separate affiliates without federal assistance.
private gain, public risk, yawn
Last edited by boutons_deux; 01-04-2013 at 02:28 PM.
"The disillusionment of the elites, on top of popular outrage, could foment change."How could such an apparently serious, diligent journalist say this?
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