Wall Street

Wednesday, December 22, 2010

Government Supported Business

Eisenhower's military-industrial complex is alive and well..we have a lot more state involvement in business that anyone admits. Bob Monks, December 22, 2010. December 22, 2010 | Corporate Power , accountability , capitalism , Wall Street
Wednesday, December 22, 2010

Dominance of the Financial Sector

Why hasn't the rest of the economy rebounded as well as the financial sector? Bob Monks, December 22, 2010 December 22, 2010 | financial crisis , Financial Crisis Inquiry Commission , Wall Street , Corporate Power
Saturday, May 8, 2010

Fiduciary Duty

Bob Monks discusses the fiduciary obligation that banks owe to their customers. If this duty were enforced, he says, banks would have to solve their conflicts of interest by divesting themselves of holdings that were outside this obligation. May 8, 2010 | fiduciary duty , financial crisis , Wall Street , corporate governance , Financial Reform
Thursday, December 17, 2009

Unintended Consequences

Bob Monks discusses the unintended consequences to the U.S. Government response to the financial crisis. Are we going to live with vast unemployment and superbanks? December 17, 2009 | Financial Reform , financial crisis , Wall Street
Monday, May 4, 2009

Who is Responsible?

Robert Monks discusses the economic crisis, responsibility and his letter to Goldman Sach's Lloyd Blankfein. May 4, 2009 | financial crisis , corporate governance , bailout , Wall Street
Friday, October 4, 2013

Government Shutdown as Protest

Does the government shutdown, as a form of protest, resemble Occupy Wall Street? The current state of government dominated by business has caused protest on both ends of the political spectrum in the U.S. – and cries out for public recognition that something is very, very wrong.   In chapter… October 4, 2013 | Corporate Power , Occupy Wall Street , Government Capture , Military Industrial Complex , Wall Street
Thursday, January 26, 2012

Private Equity

Private equity is another Wall Street process by which a few people make an enormous amount of money at public cost.  January 26, 2012 | government subsidies , Wall Street , Risk , pension guaranty , bailout
Friday, July 1, 2011

Looking at Too Big to Fail

It's interesting to see all of this data in a visual form. The chart is from creditloan.com is huge -- but very effective, I think.  Be sure to read their entire post called, "Too Big to Fail: Inside America's Economic Downfall."  July 1, 2011 | Dodd-Frank , Wall Street , financial crisis , Financial Reform
Monday, March 7, 2011

A Response to the FCIC Final Report- Part II

Response to FCIC Final Report: Part II Management Risk & Negligence There were many losers in this crisis, but there was a consistent, if small, class of winners:  the principal executives of the major financial institutions -- both those that survived and those that did not -- all walked… March 7, 2011 | Financial Crisis Inquiry Commission , financial crisis , Wall Street , bailout , fiduciary duty , accountability
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