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10:20 PM on 06/14/2013
slow? it took less than 7 years to collapse the global economy and turn all americans into slaves. providing for the hedonism of the criminal class.
09:59 PM on 06/14/2013
Obama is the worst thing hindering economic progress....
10:42 PM on 06/14/2013
well he and Bennie Boy from the Federal Reserve just pumping billions into the market monthy to pump up the banks
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HUFFPOST COMMUNITY MODERATOR
socalgal38
11:49 PM on 06/14/2013
do you actually believe it is an accident?
01:49 AM on 06/15/2013
The proof is the present economy....Jobs ,  unemployment and ultra slow Growth ....and Deficit spending through the roof.....unlimited unemployment and the new long term welfare ...Disability ! 
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HUFFPOST SUPER USER
Shaun Hensley
The American Experiment has failed
09:57 PM on 06/14/2013
The only recourse we have is non-compliance with this oppressive system. Stop working, become as much of a drag on the system as you can.
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Nick Vanocur
Author of "From the Desk of NickiLeaks"
09:57 PM on 06/14/2013
Remember when business was simple?
Back when the US made things?

"They can have it in any color they want, as long as it's black."
-- Henry Ford
10:23 PM on 06/14/2013
yea, a true american providing his customers choice and his workers a place to work themselves to death... the most important thing he did was abuse his workers so much that they had to form unions to protect themselves.
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HUFFPOST SUPER USER
Nick Vanocur
Author of "From the Desk of NickiLeaks"
10:26 PM on 06/14/2013
And he helped rebuild Nazi Germany. I know.A metaphor only.
oilfield
large employer per obamacare
11:11 PM on 06/14/2013
but he paid them well.
09:55 PM on 06/14/2013
If this is true good thing the House just approved a Derivative Deregulation Bill perfect timing. (heavy on the sarcasm).
09:49 PM on 06/14/2013
I have to wonder if this period of time is going to be viewed as the most unethical, illegal Wall st/Bank HEIST of people too paralyzed to act, in the history of man.

If you work for the crooks, quit; if you bank with them, withdraw, and let's find a way to get them the hell out of our lives for good- every last one of them.
Anyone still working for them deserves to lose their job.
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HUFFPOST SUPER USER
Nick Vanocur
Author of "From the Desk of NickiLeaks"
09:58 PM on 06/14/2013
Can you say "Roaring '20s?"
10:53 PM on 06/14/2013
I can, but am still wondering if, by the time this financial criminality is OVER, and it appears to be far from it, if this period in time (with ongoing financial LOSS to most of us- ongoing!)
isn't going to make that time look less significant.
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vmerri
You can keep your faith. I'll go for knowledge.
09:48 PM on 06/14/2013
C'mom Elizabeth Warren, you need to work harder and faster. This practice must stop!
09:29 PM on 06/14/2013
This whole fiasco of an economic mess is as a direct result of the deregulation of Wall Street that was so prominent during the Clinton administration, the Gingrich Congress and the George W. Bush administration. It was the repealing of the Glass/Steagal act and the deregulation of the derivatives market by the Gramm-Leach-Blilley act that caused this mess in the first place. This is what happens when you allow the Ayn-Randian/Libertarian beliefs to be formulated into Government economic policy that pushes a hands off of the marketplace approach, and allows the so called "invisible hand of the marketplace" to be the regulating influence in the economy. The entire bottom line is that the "too big to fail and the "too big to jail" Wall Street banks and fat cats" are destroying not only the middle class of this country and our traditional American way of life, they are also destroying the very essences of what Capitalism is supposed to be about as well.
09:26 PM on 06/14/2013
I heard they are not on the records in wall street. Yet, when they go under, the taxpayer picks up the tab.
-me-
D to go forward R to go backwards
09:21 PM on 06/14/2013
As it stands right now the big Wall Street banks are up to their eyeballs in leveraged debt based mainly on derivatives. Derivatives have been a very exotic investment vehicle that has made a lot of fat cat Wall Street banker types to get filthy rich beyond their wildest dreams while the rest of us pay it all back in all kinds of ways that most of us couldn't even begin to imagine. Not only are derivatives doing a number on the US economy but they are doing a number on the world economy as well.
So in order that the fat cat Wall Street bankers won't have to take a haircut they foist austerity off on to the rest of everybody else foisting their failures, their bad business decisions and their reckless behavior off onto the backs of the people of mainly the United States and Europe, that currently suffering under the yoke of austerity measures brought about by technocratic political leaders that are the puppets of the big international banks and banking cartels. The big banks are very highly leveraged:
Bank-JP Morgan Chase Bank
Derivative Position $70,1517,56,000,000
Total Assets $1,811,678,000,000
Leverage Ratio 38.5
Bank-Citibank National Bank
Derivative Position $52,102,260,000,000
Total Assets $1,288,658,000,000
Leverage Ratio 40.3
http://www.breitbart.com/Big-Government/2012/05/16/jp-morgan-fiasco-means-higher-interest-rates-ahead
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HUFFPOST SUPER USER
lambdin1
What's this?
09:17 PM on 06/14/2013
Geez, some one is just now figuring this out?!?
09:10 PM on 06/14/2013
"progressive think tank is an oxymoron. No thought there.
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andycooke
I'm just here for the yummy
09:14 PM on 06/14/2013
Actually, an oxymoron is TWO words together that contradict each other.

An example would be "conservative intellectual".
10:49 AM on 06/15/2013
Your ignorance is profound.
08:56 PM on 06/14/2013
"Derivatives, innovation, inefficiencies".....fancy words for what used to be known in simpler times as, "rip off".
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John Stopple
09:04 PM on 06/14/2013
Call derivative trading desks what they are, "bucket shops".
This user has chosen to opt out of the Badges program
08:56 PM on 06/14/2013
Don't change the policy. Just let the big four fail. Nothing would make Main Street happier than to watch Goldman and their ilk have to find jobs like the rest of us.
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HUFFPOST SUPER USER
dzadzey
Afflicting the comfortable
08:53 PM on 06/14/2013
The traders don't care. As long as they make their money, the rest of us can pack our posteriors with sand.