by Nancy Spannaus Nov. 1, 2018—It should be no surprise that at its Oct. 31 (Halloween) meeting, the Federal Reserve decided to loosen regulations not only for the banks with a $250 billion net worth, but also for those with assets up to the $700 billion level. This decision reflects […]
June 12, 2018—An extraordinary article by regular financial columnist Steven Pearlstein in the June 10 Washington Post warned that a surge in corporate debt has created “the mother of all credit bubbles,” and put the U.S. (and world) financial systems on the road to a new crash worse than that […]
Elizabeth Warren Puts Glass-Steagall on Senate Agenda March 11, 2018—Senator Elizabeth has moved in the only appropriate way, to counter the outrageous and dangerous move by the Congress (many Senate Democrats included) to give an even freer ride to the big banks, in a deregulation bill laughingly called the […]
Trump Administration Budget Means Slashes in Crucial Investments for the Future Feb. 18, 2018—From the standpoint of the American System of Economics, the nation’s commitment to the frontiers of science is a crucial parameter indicating whether it is on the path to progress. For our purposes today, two of […]
A Report on the AHA Society’s Book Club Discussion with Dr. Stephen F. Knott By Nancy Spannaus Oct. 22, 2020—The Alexander Hamilton Awareness (AHA) Society did another public service with its Oct. 18 book club discussion with Dr. Stephen F. Knott. The event provoked a lively and informative discussion countering […]
By Nancy Spannaus* Oct. 14, 2020—The Oct. 2 release of Arthur Wilmarth’s new book calling for a new Glass-Steagall law is timely, and critical. Unfortunately, it is not clear that the relevant political figures are yet prepared to listen. Wilmarth’s book is entitled Taming the Megabanks: Why We Need a […]
The Parasite is Devouring the Host: Which Will We Save?
By Angela Vullo July 5, 2018–If you believe the Trump Administration, the media, and some pundits, the U.S. economy is in the midst of a never-ending recovery, best demonstrated by the continuing rise of the financial markets. But if you peer just beneath the surface, something entirely opposite emerges: we […]