Tag Archives: finance
“Proprietary trading is not an essential commercial bank service that justifies taxpayer support.” –Paul Volcker defends the rule that bears his name, which allows for government insurance on commercial bank deposits but leaves speculative traders to fend for themselves. Goldman, … Continue reading
“… the United States will be in full blown debt ceiling hike chaos just as the final electoral debates take place.” -Zero Hedge gives us something to look forward to.
“Obama Wall Street Fundraising Evaporates As Donors Flee To Romney” –Headline at The Huffington Post. Apparently allowing Too Big To Fail banks to thrive and escape prosecution has not paid off. Might as well welcome their hatred, Mr President.