Re-enact the Glass-Steagall Act

I was really encouraged the other day when I saw an article in the Financial Times reporting that Sandy Weill, former Chairman and CEO of Citigroup commented in a CNBC interview that the big banks should be broken up and that investment banking should be separated from banking.  Hoorah! First let me say that I … Read more

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European Bank Stocks Rally – Why not?

I saw this article in the Financial Times and I had to comment.  There was a big rally in European Bank stocks in January.  http://on.ft.com/xuvEpq Why shouldn’t European Banks rally?  They are getting practically free money in the form of low interest loans from the European Central Bank as part of an unlimited three year … Read more

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We Need More Financial Sector Regulation

I read an editorial in The Economist about the recent “Occupy Wall Street” movement.  I find it interesting that the author took the liberty of editorializing about several symptoms of the 2008 financial crises without adequately addressing the cause. The author talks about the need for more economic stimulus to get people back to work … Read more

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A multi-party political system represents the people

How much longer should the U.S.A. struggle with the two party system, i.e. Democrat or Republican? I hope that people will look beyond their borders and take a look at what’s happening in Germany, France, and the United Kingdom.  The multi-party political systems in these countries sometimes make it necessary to form a coalition government. … Read more

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