2016 will be different. First, more voters will be coming to the polls because of the Presidential election. Second, they will be better educated because there is now a blacklist of the most heinous vote-against-the-public, vote-for-the-funders offenders.
The critics of the financial reform Dodd-Frank Act are fond of saying that it doesn't work -- some going so far as to say that the financial system is just as much at risk as it was in 2008, if not even more so.
On Monday, Hillary unveiled her economic agenda for strengthening the middle class. But looking at solutions like raising the minimum wage is only half the story. To evaluate the bigger picture, a review of Hillary's history with the banking industry is necessary.
The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and the FDIC could be liable, following repeal of key portions of the Dodd-Frank Act last weekend.
Republicans have already signaled that one of their first priorities will be to repeal or cripple regulations that are supposed to keep our economy stable, protect Americans' money and jobs, and prevent Wall Street consumer fraud and abuse.
It's that magical time of year when the wee folk of Capitol Hill actually get something done. These brief bursts of activity only happen very rarely, of course, and always immediately proceed another one of the many, many long vacations Congress takes during the year.
Congress approved the Dodd-Frank Wall Street Reform Act in response to world financial calamity. Though delayed and diluted, the reform legislation has led to substantial improvements in consumer protections such as new requirements for regulation of swaps contracts.
James Wesley, Rawles, a former U.S. Army Intelligence officer and present-day survivalist, is the author of the novels, Expatriates, Founders, Survivors, and Patriots, all of which deal with the possibility of a coming global collapse.
The bank gambling trade association and its regulators are giving each other high-fives over an agreement that supposedly makes it easier to bail out a failed mega-bank. Progress? If viewed from the vantage of an average taxpayer who finances bank bailouts, the progress is miniscule.