Tag Archives: Glass-Steagall Act

Obama to fight Wall St. corruption — joking!

Posted on November 2, 2011 by

When Barack Obama took office, it was almost embarrassing to watch so many otherwise intelligent people rejoice at the notion that he could somehow do good and remain closely allied with the corrupt Wall Street banks that had wrecked the … Continue reading →

Posted in economic collapse, finance reform bill, Goldman Sachs, Great Recession, Mitt Romney, Obama, Occupy Wall Street, Politics, The New Depression, unemployment, Wall Street | Tagged , , , , , | 1 Comment

Banking on degenerate gamblers

Posted on September 16, 2011 by

Confirmation that a “rogue” trader somehow lost $2 billion making “unauthorized” trades at UBS “will test the faith of investors, clients and regulators,” says Wall Street Journal. It should also test the credulity of anyone who would still argue that … Continue reading →

Posted in casinos, Congress, economic collapse, finance reform bill, Goldman Sachs, Great Depression, Great Recession, Politics, The New Depression, Uncategorized, unemployment, Wall Street, world-wide economy | Tagged , , , , , , | 2 Comments