At universities, the reality of the financial casino is taboo (tags)
When buying or selling, high-speed trading can bring profits a few milliseconds or microseconds ahead of other high-speed trading bidders. These speculative trades have nothing to do with the good functioning of the financial markets. On the contrary, prices can be manipulated.
An explanation with a slightly different angle.
European Bank Socialism (tags)
The motto "Too big to fail" frees the financial sector from all chains. In the future, the banks will not have to assume any liability for taking irrational risks. Instead they can commit fraud without limit-in a system that already leads us to the brink and creates millions of unemployed.
Congressional Fleecing the Public Legislation (tags)
congressional fleecing
How come banks are still overcharging while pretending to be 'reformed' ? (tags)
Wells Fargo Bank is only the latest of thieving banks trying to extort the most profits from the customers it may even want to keep as theirs....KPCC Radio Host Pat Morrison talking to a guest about how t hese games are played on The American People and the rest of us too
Patriot Act still unconstitutional (tags)
Last week, the Senate Judiciary Committee voted to reauthorize three expiring provisions in the USA PATRIOT Act. While the bill they passed allegedly strengthened civil liberties in reality, the Committee failed to make any meaningful improvements to the Patriot provisions that violate citizen’s basic rights
Long Live Tobin. Commentary on Financial Regulation (tags)
"Turner's demand for introduction of a global Tobin tax on all financial transactions is a very old demand. The tendency of banks to take flight in casino capitalism and neglect their role as servants of the real economy has made the crisis into a real fix for us.."
The Return of the State (tags)
The state is welcome again in this plight. The brazenness with which those who caused the crisis now demand state subsidies to bailout the financial system is just as breathtaking as the state readiness to fulfill this demand.
Patriot Act unconstitutional (tags)
The act in its current form gives sweeping search and surveillance to domestic law enforcement and foreign intelligence agencies and eliminates checks and balances which had been the difference between the free world and the suppressed.
The Structural Crisis of the Financial System (tags)
"Introduction of taxation on speculative financial transactions must go along with a genuine nationalization that involves a change of the actual banking system into a public system and fixes the role of money as a neutral means of exchange for services."
Cash Available—To Bailout Wall Street, Protect Taxpayers from $700 BN Debt (tags)
Levying a tax on Wall Street stock transactions will help insure that American Taxpayers are not left holding the bag “again.”
The Legal Criminality of Finance Capitalism (tags)
The market mechanism, the Keynesians say, is not efficient or balanced. Charles Ponzi was one of the greatest swindlers of American history. Instead of the capitalist economy holding the strings of politics, politics could use economic power to create new realities.
Sigue Corporation to Forfeit (tags)
(“Sigue”), a San Fernando, California-based money service businesses, entered into a deferred prosecution agreement on charges of failing to maintain an effective anti-money laundering program and will forfeit $15 million to the U.S. government.
Los Angeles Music Awards suspends business transactions (tags)
Due to the much publicized hostile takeover attempt, the Los Angeles Music Awards is currently in litigation. All ticket sales and transactions are now temporarily suspended until such matters are resolved.
Iran Begins Shift from Petrodollar to Eurodollar (tags)
Two Iranian news agencies are reporting that Iran has begun its long anticipated move away from the U.S. Dollar to the European Union’s Euro as the (Petrodollar and Eurodollar, respectively) method of payment for its oil transactions.
Arizona AG finds a novel way to steal money from Lations (tags)
Racist Arizona Attorney General Terry Goddard finds a novel way to steal money from Latinos and raise millions for the State of Arizona. If your a Latino and have money which you can't proved you earned legally the state will steal the money from you.
Re-Regulation of the Economy (tags)
"Finance markets become judges over the economy punishing mistakes with (threaten-ed) capital flight." Resisting re-regulation represses blind spots and confuses the goat and the gardener, the market and the fire dept and the problem and the solution.
US Fines, May Jail Woman Who Was 'Human Shield" in Iraq (tags)
Faith Fippinger, "a retired schoolteacher who went to Iraq to serve as a 'human shield' against the U.S. invasion is facing thousands of dollars in U.S. government fines, which she is refusing to pay." She could face 12 years in prison for taking this courageous stand against the US War Machine.