{"article":{"id":215723,"heading":"It's High Time to Re-Regulate Banking","author":"Wolfgang Kaden","created":"2008-03-26 09:20:09","modified":"2008-03-26 14:34:46","last_modified":"Wed, 26 Mar 2008 21:34:46","article":"

for the article published in: Spiegel, 3\/20\/2008, click on

http:\/\/www.spiegel.de\/international\/0<\/a>,1518,542644,00.html<\/p>\n","contact":"mbatko@lycos.com","link":"http:\/\/www.mbtranslations.com","address":"","phone":"","parent_id":0,"mime_type":"text\/plain","summary":"The shocking and reckless practices of banks behind the recent plunge in global markets illustrates how far they have veered from reality. Stricter supervision is necessary, and the banks' perverse bonus systems must be revamped.","numcomment":2,"fileurl":"\/uploads\/","filesize":null,"article_url":"\/news\/2008\/03\/215723.php"},"attachments":[],"comments":[{"id":215724,"heading":"The Collapse of Bear Stearns and The Crisis of Fictive Capital","article":"Want to hear a one hour lecture about the source of this global train wreck? Ralph Schoenman and Mya Shone analyze the public burden from the privately owned banking collapse and the players in this titanic looting through fictive capital.\r\n\r\n080318\r\nThe Collapse of Bear Stearns and The Crisis of Fictive Capital\r\ndownload\r\nhttp:\/\/takingaimradio.com\/mp3\/takingaim080318.mp3\r\nstream\r\nhttp:\/\/takingaimradio.com\/m3u\/takingaim080318.m3u\r\n\r\nRalph Schoenman and Mya Shone air on WBAI\r\npacifica radio 2:00 PST Tues.","author":"Sheepdog's pic","parent_id":215723,"mime_type":"text\/plain","created":"2008-03-26 09:53:53","modified":"2008-03-26 09:53:53","fileurl":""},{"id":215740,"heading":"Government of whom, by whom, and for whom?","article":"The banking system was highly regulated after its collapse in 1929. That regulation has steadily been dismantled beginning with Pres. Reagan.\r\n\r\nThe Bear Stearns bail-out was originally supposed to cost $35 billion. Now it's $350 billion.\r\n\r\nWe can't afford to replace ageing bridges, medical care for kids living below the poverty line, etc...but there isn't even a blink when it comes to bailing out speculating banks and their speculating super-rich clientele.\r\n\r\nGovernment of whom, by whom, and for whom?\r\n\r\nRetired Monk\r\n"Ideology is a disease"\r\n \t\r\n","author":"retired monk","parent_id":215723,"mime_type":"text\/plain","created":"2008-03-26 14:34:46","modified":"2008-03-26 14:34:46","fileurl":""}]}