Dave, Lauren, David & Alexandra-Why does it take the 4 of you to report on such nonsense from the Fed? The Fed is owned by Wall Street & continues to facilitate the rampant leveraged speculation that will bring down what remains of our financial system. There were laws in effect during the most recent financial crisis but they were not enforced. Why should new rules make any difference? These new rules are a smokescreen to give the impression that something is being done. Its true purpose, is to enable the banks & insurance company executives to continue paying themselves unearned salary & bonus, & when there is a loss the Fed will come to the rescue & force the taxpayer to eat the losses.
This is corporate fascism, with the Fed picking the winners {AIG & Goldman Sachs} & losers {Lehman}.
Dave, Lauren, David & Alexandra-Why does it take the 4 of you to report on such nonsense from the Fed? The Fed is owned by Wall Street & continues to facilitate the rampant leveraged speculation that will bring down what remains of our financial system. There were laws in effect during the most recent financial crisis but they were not enforced. Why should new rules make any difference? These new rules are a smokescreen to give the impression that something is being done. Its true purpose, is to enable the banks & insurance company executives to continue paying themselves unearned salary & bonus, & when there is a loss the Fed will come to the rescue & force the taxpayer to eat the losses.
This is corporate fascism, with the Fed picking the winners {AIG & Goldman Sachs} & losers {Lehman}.