The thieves Wall Street crying foul on too much regulation. The thugs on the Hill are are crying about the wolf there never was and not even imminent. Nothing has ever been fixed. In fact, the financial problems were made much worse by Grahm-Dodd regulation. Then, WTF is “that too much regulation” those idiots are […]
Unless there is a meaningful reform which curbs the influence of the financial sector on the economy and politics, the economy will remain vulnerable to major shocks. Yes, by reform I mean regulation. A regulation that worked for several decades, Glass Stegal Act was, eliminated in 1999. Senator Phil Grahm and Treasury Secretary Summers worked […]
Finally the only economist on this planet who has really succeeded in battling dire economic conditions with a series of tough measure is having his say in regulating US financial institutions. The following is an excerpt from Mr. Volker’s interview with the Financial Times on Feb 11th. Excerpts: “The implication for Goldman Sachs or any […]
