[vooch]

paul craig roberts is a powerful thinker I think he was a senior admin in Regean Cabinet

[fieldmarshaldj]

He was an assistant Secretary, never Secretary.

[Nifster]

PCR is a Paulbot and has been making this’s prediction for at least a decade

[Arthur McGowan]

Roberts is interesting. On the radio, after every sentence, he chuckles.

[billyboy15]

Yeah great article.

It is a known fact the “experts” have accurately predicted 322 of the last 3 stock market crashes.

[SunTzuWu]

Bookmark.

[exDemMom]

I don’t know anything about Glass-Steagall, but I do have to wonder about the mega-companies that keep growing through mergers. Like the AT&T and Time-Warner merger that is going down: these are already huge companies and control significant market share. Maybe it’s time to break up some of these mammoth corporations?

[CatQuilt]

bmrk

[Cowboy Bob]

I think allowing investment banks to go public was a bad idea. Should have been kept as partnerships.

[edwinland]

He has a lot of good points but this one is pretty much the opposite of everything Reagan was supposed to stand for:

“As Assistant Secretary of the US Treasury in the Reagan Administration, I opposed all financial deregulation. Financial deregulation does nothing but open the gates to fraud and sharp dealing. It allows one institution, even one individual, to make a fortune by wrecking the lives of millions.”

[redgolum]

For later.

[yefragetuwrabrumuy]

There is a much better, if not simpler way around our problem.

“If a financial institution is ‘too big to fail’ (without harming out economy), then it is ‘too big to continue’ in its present form.”

Importantly, “too big to fail” can have several implications.

For example, if they are over-invested in unsecured practices, like derivatives, it places them at risk for amounts far higher than the entire institution’s value.

This is the corporate version of the margin disaster that helped precipitate the Great Depression. And while the derivatives market is unregulated, involvement in it must be tied to their currently regulated practices.

So a simple choice: either leave the US entirely, so you can play your gambling game; or leave the gambling game for good. If you cannot bring yourself to quitting, then the US government will do it for you.

[ScottfromNJ]

Here’s a counter argument that’s been out there, having Glass Steagall removed helped lessen the severity of the 2008 financial crises by allowing larger banks to buy up the bad debt of the smaller investment banks. In other words, the free market was allowed to go to work to help ease the crises. Just saying.

[Georgia Girl 2]

I agree. Glass Steigal needs to be reinstated.

[DoughtyOne]

Thanks so much for your support to this point... I personally apprecaite it...
FReepers, it's time to wrap up this FReep-a-thon.  Lets do it...

President Donald J. Trump and the Free Republic of the United States of America

Ramirez political cartoon: Hungry Media LARGE VERSION 06/10/2017: LINK  LINK to regular sized versions of his political cartoons (archive).

Please join the monthlies, an automated and the best way to help support Free Republic.  If you opt not to join the automated monthly support program, please consider joining the One One Done project.  LINK

FReepers, 92.17% of the Second Quarter FReep-a-thon goal has been met.  Click above and pencil in your donation now.  Please folks, lets end this FReepathon.  Thank you!
...this is a general all-purpose message, and should not be seen as targeting any individual I am responding to...

Just $733.00 to 93.00%