Wall Street Casino

How Brokers Became Bookies: The Insidious Transformation of Markets Into Casinos

Ellen Brown | Posted 05.25.2011

Read More: Federal Reserve, Social Security, Wall Street Casino, Derivatives, Prediction Markets, Carbon Trading, Business News
Ellen Brown

Casinos for betting on what something will do in the future have been elevated to the status of "prediction" markets, and they can cover a broad range of issues

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Wall Street: Terminators in the Casino

Richard (RJ) Eskow | Posted 05.25.2011

Read More: Curbing Wall Street, Big Youth, Dark Matter, Janet Tavakoli, Automated Trading, Wall Street Plunge, Wall Street Casino, DK Matai, Nassim Taleb, Algorithmic Trading, Flash Crash, Business News
Richard (RJ) Eskow

Wall Street's been a high-risk thrill ride for years, enriching for some but empty of deeper meaning and divorced from underlying value. The "flash crash" didn't break the market, but it did reveal fault lines.

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Financial Apocalyspe For One Nation

Slate Magazine | Charles Munger | Posted 05.25.2011

Read More: Adam Smith, Sovereign Debt, Deficit, Financial Reform, Derivatives, Oil Prices, Financial Crisis, Oil-Peak, Wall Street Casino, Recession, Business News

From Munger's parable of "Basicland," an imaginary -- though extremely recognizable -- economy: "Basicland's investment and commercial bankers were ...

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Wall Street Has a Gambling Problem

Sen. Maria Cantwell | Posted 05.25.2011

Read More: Financial Crisis, Congress, Wall Street, Wall Street Casino, Maria Cantwell, Great Depression, Politics News
Sen. Maria Cantwell

Our nation's financial sector can act as a great force for job creation and production. We should not stand by and let their dimly lit casino bring us all down once again.

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Will We Curb Wall Street's Casino?

Robert L. Borosage | Posted 05.25.2011

Read More: Money in Politics, Consumer Financial Protection Agency, Financial Reform, Wall Street Reform, Wall Street Casino, Wall Street, House Financial Services Committee, Business News
Robert L. Borosage

Today, the House will begin marking up the first legislation to try to reform Wall Street. If you think the health insurance companies are packing heat, wait till you see the firepower the banks will unleash to frustrate reform.

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A Bold Proposal for a New Economy

John Cavanagh | Posted 05.25.2011

Read More: Naomi Klein's Shock Doctrine, US Economy, The Shock Doctrine, Milton Friedman, Wall Street, Agenda for a New Economy, David Korten, Economy, Naomi Klein, Wall Street Casino, Business News
John Cavanagh

In his book, Agenda for a New Economy, David Korten is full of ideas on democratizing ownership and reclaiming corporate charters from footloose global firms.

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