The best overall regulation the U. S. could impose is to limit the size of every financial institution so that the possibility of out right failure guides every actor.
Sunday, October 27, 2013
J P Morgan's $13 Billion Settlement
Bill Moyer's interview with Gretchen Morgenson "Why J P Morgan may be getting off easy" doesn't get to the heart of the matter until late in the interview where she observes that until Wall Street does real banking for the real purpose of investing and growing the economy, instead of playing games with each other, that they are drag on our society that should be disemboweled rather than protected. Where is Andrew Jackson when we need him?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment