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Monday, December 15, 2014

Krugman: Restoration Of Banks' Ability To Gamble With Fed-Guaranteed Money

Krugman: There's no reason at all why banks should be able to gamble with money guaranteed by the government. The provision shows how easily and how cheaply the banks have been able to buy off Congress. The New York Times

LUCE: We can't prevent financial crises, but we can be ready for them when they come. That means breaking up the largest banks and changing the culture on Wall Street -- but if Congress can't even maintain minor bans on risky activity, then the chances for real reform are slim. The Financial Times

"Citigroup to Move Headquarters to U.S. Capitol Building," The Borowitz Report





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