Dear followers: Many feel saddened and angry , stating, ” why didn’t I know what was in happening in our government”? Fret not. The brightest people I know sounded the alarm 7 yrs earlier, around Y2K. Others , like me, felt betrayed by those I trusted in Government and Big Business, when the … More The Voice of Joyce: Understand the Past , then Look Forward
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!
We can wish that Banks , Shadow Banks and Bankers were self regulating, but the facts speak for themselves, Bankers break the law regularly and request that the laws be changed . Watering down laws has been the norm; ask Volcker and Greenspan. The only way to correct this behavior is by enforcement and regulation … More The Voice of Joyce: Rationale of Market Force proposals
My apology to Peter Orszag. After reading the 10/13/15 article in the Next New Deal , entitled “Structural Reform beyond Glass Steagall”, by Mike Konczal. I’ve changed my mind. Peter Orzag was right, I was wrong. Look at the facts. 8 years into the Recession, Dodd Frank and it’s enforcement are not happening fast enough … More The Voice of Joyce: My apology to Peter Orszag
Over the top behavior is never appropriate, so , it’s with some chagrin that I read that Phil Graham is to testify before the Banking Commission on his Regulatory expertise! LOL. He was one of the architects of Graham Leach Bailey, the Bill that destroyed Glass Steagall and gave Derivatives a place to grow and … More The Voice of Joyce: Bad Judgement Rewarded
Guns have become the easy outlet of rage for those already unstable. The same holds true for tensions among the races. It’s the Economy, stupid! It’s making people testy and stressed out. It’s here, it’s everywhere. It’s a damn shame, we , the AMERICAN Citizen, watches a Political circus unfolding before us, fraught with the … More The Voice of Joyce: ” We ” are the Revolution
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