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Wall Street more powerful than before the crisis?
A handful of Wall Street banks have become more powerful and influential during the financial crisis. Simon Johnson, co-author of the new book 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, argues that minding banks too big to fail isn’t enough. He tells WSJ columnist David Weidner that big banks need to be broken up into pieces “small enough to fail”. Source: The Wall Street Journal, March 31, 2010. More on this topic (What's this?) Mobile Wallet Technology Will Make You Rich (Money Morning, 5/10/12) Does Twelve-Year-Old Canadian Victoria Grant Understand More About the Most Important Truth in Li... (the Underground Investor, 5/16/12) Today's Darwin News: Two Teens Hit By Car While Sunbathing ON the Road (Jr Deputy Accountant, 5/1/12)  1 comment to Wall Street more powerful than before the crisis?Leave a Reply |
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By Prieur du Plessis, on April 3rd, 2010 posted in: 
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U.S. stock market – long-term indicators could go either way
Jim Grant on “The Scream” painting, Fed’s “hall of mirrors”
Prieur’s Readings (May 5, 2012) – staying up to date with top money news
Don Coxe webcast – updated (May 4, 2012)
Laugh out Loud: EU debt whack-a-mole
So, who’s going to regulate Dodd and Frank? They forced the banks to write poisoned paper in the first place.