It’s so easy to rationalize bad decisions. First we abolished Glass STEAGALL. Why? We allowed Bankers to break the law repeatedly , in effect, gutting the law. We could have said no to the law breakers, but they were Bankers and Bankers, unlike the poor “pot dealer”, gets a pass! Then we allowed credit default … More The voice of Joyce: Poor Monetary Policy!
I listened to Barney Frank defend DODD Frank today and I’m outraged. He rails against derivatives now, but where was he during the Fannie and Freddie debacle? ( For insight into the Fannie and Freddie collapse, read Gretchen Morgenson’s excellent book, “Reckless Endangerment”.) He’s counseling Hilliary Clinton. That’s funny, she has teams of Economists … More The Voice of Joyce : want Trillions to spend now? #TAXRISK
Why is ISIS effective? It’s a grass roots organization. They have a mission, and their followers agree with the mission and will carry out the mission without direction from the top. This is not a hierarchical organization. It is a fluid, synaptic organization. Not confined by boundaries. Rather it grows by communications with diverse groups … More The Voice of Joyce: “The Butterfly Efeect” When we the people speak
We the people, have been duped into supporting the Corporate welfare state , encouraging stratospheric corporate CEO salaries while the rest of us pick up the crumbs of low wages. . There are reasons the middle class has been wiped out. One reason: we’ve let Banks and Bankers run amok, as we gutted Sensible Financial … More The Voice of Joyce: We the people must speak!
I finally understand why millisecond trades are like Insider Trading and an unfair advantage! I now realize, it’s not that they purchase subscriptions to trade in milliseconds, or that they buy stocks in bulk, it’s ” the algorithms “, that make their trading unfair, uncompetitive and something I can’t follow and read about. ” … More The Voice of Joyce: Algorithms are an unfair advantage
Gretchen Morgenson What do you think? These laws were submitted to the SEC FOR REVIEW in November , 2014, the author has not head from the SEC to date. He’s curious, since his proposed legislation attempts to codify the fiduciary responsibility of brokers to clients, why wouldn’t the SEC embrace this clarification of the … More PUBLIC ADVOCACY: GRETCHEN MORGENSON, We need your help !
The money trap: There is no Middle Class and folks seem to be comfortable with this fact. Can there ever be a Middle Class again? The short answer is , “Yes”, if ” we the People” become involved in controlling our destiny? What do I mean? There is no way for the ” Powers in … More PUBLIC ADVOCACY: The Ressurection of The Middle Class