Quotation for Today: It Is Truly 1929 Again or America's Corrupt Banking System

The quotation for today introduces an article which makes a strong case that Jamie Dimon, Chief Executive Officer of JP Morgan Chases, should resign from the board of the Federal Reserve Bank of New York -- the Federal Reserve bank that helps regulate JP Morgan Chase and other Wall Street banks.

Quotation for Today: Republican Tactics to Distract the Voter

Can the American people regain control of the nation's financial system or will they continue to suffer outlandish financial repercussions at the hand of out-of-control bankers?


The quotation for today highlights the efforts of the Speaker of the House, John Boehner (Republican of Ohio), to distract us from the threat of extreme, unnecessary risks to the nation's financial system; financial hazards that are created by out-of-control banks and their vainglorious managers.

Protecting the United States' Economy from Artful Banking

The 111th Congress passed the Dodd-Frank Act  --  a new law to govern banks and the financial industry  -- and President Barack Obama signed it into law in  2010.  The Dodd-Frank Act establishes a banking rule called the Volcker Rule; named after former Federal Reserve Chairman Paul Volcker.  The Volcker Rule is the focus of this post and the article highlighted in it.

Gangsters and Banksters: A Serial Tale, Part VII

In this seventh post of Gangsters and Banksters, we have another tale of bankers inflating the value of assets that are included in products to be sold to unsuspecting clients.

The Banking, Mortgage and Financial Brethren

The continued saga of misbehavior by banks and their related brethren in the mortgage business is discussed in this post.  The tale outlined in this post will amplify the information that previously was provided in the "Quotation for Today"; a sordid story of alleged mortgage foreclosure fraud and the ensuing lawsuit against the alleged perpetrators.

Quotation for Today: Banking On Fraud

With today's quotation, we are introduced to a lawsuit against three too-big-to-fail banks.

Gangsters and Banksters: A Serial Tale, Part VI

Today, the United States Securities and Exchange Commission (SEC) charged four former bankers and traders of the Credit Suisse Group with engaging in a fraudulent scheme to overstate the prices of $3 billion in subprime bonds.

Quotation for Today: Serf Is Up

The destructive fires of the Little Depression that began in December 2007 continue to rage. Meanwhile, the leaders of the developed nations -- contemporary Herbert Hoovers all -- wring their hands in weakness and indecisiveness. Today's quotation captures the main elements that contribute to our leaders' helplessness.

Channeling Thomas Jefferson to Understand Modern Class Warfare

 This post will take us onto historical and contemporary economic ground.

Gangsters and Banksters - A Serial Tale Part III

On the surface, the failure of MF Global, a firm ran by Jon S. Corzine, seems to be another incident of gangsters and banksters losing other people's money.  However, as you read more about MF Global's failure and other seemingly unrelated financial news stories a different pattern seems to develop.

We Need A Contemporary George C. Marshall

To begin, we need to review a little American-European history where George Catlett Marshall is introduced anew.

Quotation for Today

"The fact is, this crisis has left a deficit of trust between Main Street and Wall Street. And major banks that were rescued by the taxpayers have an obligation to go the extra mile in helping to close that deficit."

Barack H. Obama, 44th President of the United States of America

Remarks by the President on the Economy in Osawatomie, Kansas: given on 6 December, 2011.

Gangsters and Banksters - A Serial Tale

Again, we have another case where bankers are aiding and abetting a possible criminal enterprise.