Paul Volcker deserves better. In the hands of Tim Geithner's Treasury, the Rule named for Volcker supposedly limiting speculative mischief by government-guaranteed banks is fast becoming a cumbersome parody of itself.
As consumers of financial services products, start to demand that your bank, investment advisor and brokerage join this movement. If they aren't willing to publicly declare what you deserve, you deserve a better company.
The banking system is both a cause and an intrinsic part of our current economic and political crisis. Here are some suggestions for a manifesto for the Occupy Wall Street protests currently taking place.
The bank lobbyists, it turns out, missed one. They and their congressional allies were able to gut the Volcker Rule, the Lincoln Amendment, and almost everything else that could have had an effect on the industry.
In a big win for American farmers, consumers and even import-reliant African nations, the Wall Street reform bill winding its way though Congress has unique provisions that apply to food and energy speculation.
Yesterday Wall Street, for perhaps the first time, answered directly to the people, as more than ten thousand union members and community members took the streets in the heart of New York's Financial District.
It's always good to have something to ruminate on over the weekend. With bank reform being the "trill thrill" of the week, what's this derivative thing? And more important, who's got how much in play at the casinos?