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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Stay Strong. Work Together Europe!

The assault that’s taking place on the Euro is unprecedented.  Who benefits from such an assault?  I believe the financial speculators, hedge fund managers, and the U.S.A. win.  Why the U.S.A.?  When the financial crises hit, the Euro stayed strong.  Quantitative Easing, i.e. printing money, made the Euro look way more attractive than the US … Read more

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