Senator Bernie Sanders, a progressive senator from Vermont, is introducing a bill this week that would break up the Too-Big-To-Fail banks. It would require Treasury Secretary Lew to compile a list of these institutions in 90 days, and after that Continue reading
I don’t want special treatment under the law if I commit a felony. I just want to be treated like a Wall Street bank. Consider the legal handling of JPMorgan Chase. Eight federal agencies, the FBI and federal regulators are Continue reading
Greece was driven into a state of national austerity. For a time it appeared this might hurt world stock markets. But not for long. They dipped, but were quickly soaring again. The election in Italy that suggested that democracy might Continue reading
What’s going on in the world these days that one might think would affect stock markets? Let’s see. Italy’s recent election shows a fast growing opposition to German-foisted austerity measures within the EU, and suggests that this Union might very Continue reading
Are you confused about the differences between this country’s two major parties? Perhaps this simple guide will help. Republicans have a set of firmly held beliefs. Democrats have things they kind of like if no one objects too much. Republicans Continue reading
There are two major parties in this country. And both of them are Republican parties. There’s a traditional, old-line, conservative Republican Party, which now operates under the name the “centrist” Democratic Party of Barack Obama. And there’s the new Republican Continue reading
Every once in awhile Selig Cartwright, Goldman Sachs washroom attendant, puts down his mop, plunger, and toilet brush to answer emails. Doing so is a welcome break from serving the hygiene needs of Wall Street insiders, pandering to their absurd Continue reading
South Dakota has just enacted a law that lets teachers carry guns in their classrooms. Not a bad idea. Sure, the chances of a crazed gunman coming to a school in the state and doing the horrible things done recently Continue reading
(The scene opens in a Goldman Sachs washroom. Mr. B., a top company executive, has entered and rushes into his private Stall #8. A few moments later washroom attendant Selig Cartwright hears pathetic sobbing coming from the stall. He stands Continue reading
Yesterday the Dow hit a five-year high. Today it opened just 89 ticks below its all-time high. What could cause such optimism? The sequester that takes effect Friday, which besides guaranteeing many thousand layoffs and reduction in some critical public Continue reading