Post Tagged with: "deregulation"

FDR signing Glass-Steagall in June 1933.

The New Urgency for Glass-Steagall

By Nancy Spannaus Oct. 13, 2019—If one is to take the actions of the Federal Reserve since Sept. 17 into account, the United States banking system (and perhaps the global one) has already entered into a new systemic crisis. The Fed is issuing tens of billions of dollars a day […]

by October 13, 2019 Glass-Steagall, News
Rep. Marcy Kaptur introducing her Glass-Steagall bill in the last Congress.

Kaptur Re-introduces Glass-Steagall Bill

April 10, 2019—The following press release was issued by Rep. Marcy Kaptur (D-Ohio) yesterday. It puts back on the Congressional agenda one of the urgent actions required to curb Wall Street speculation, and put the United States back on the path of the American System. The Bill number is HR […]

by April 10, 2019 Glass-Steagall, News
Fed Chairman Jerome Powell at his swearing-in (federalreserve.gov)

Will the Fed Deregulate Us Into a New Major Crisis?

October 30, 2018—Tomorrow, according to an Oct. 29 report in the American Banker, the Federal Reserve Board of Governors is expected to take up the matter of implementing S. 2155, the major banking deregulation bill that was passed in the spring of this year. “Specifically, the Fed will unveil details […]

by October 30, 2018 News
The 2008 crash--Where deregulation leads

Deregulation Run Amok!

May 26, 2018—The pace of deregulation coming from the Trump Administration, and the U.S. Congress, is stunning. And it runs directly contrary to the principles of the Federally-backed credit system which Alexander Hamilton established, called the American System. Here are three prominent examples (many more are likely hidden in the […]

by May 26, 2018 News Shorts
Neel Kashkari, governor of the Minneapolis Federal Reserve (wikimedia)

Fed’s Kashkari & Sen. Warren Address Too Big to Fail

April 17, 2018—Minneapolis Federal Reserve Governor Neel Kashkari and Massachusetts Senator Elizabeth Warren were the lead speakers April 16 at a Howard University event on Too Big to Fail 10 Years after the Crash. Both stressed the fact that while Wall Street, bank managers, and the banks have come roaring […]

by April 18, 2018 News Shorts
Departing FDIC Vice-Chair Issues a New Warning

Departing FDIC Vice-Chair Issues a New Warning

April 14, 2018–Former Vice-Chairman of the Federal Deposit Insurance Corporation (FDIC) Thomas Hoenig issued what might be his final public warning against disastrous risk in the deregulated banking system on April 2. On that day, the last of his term, Hoenig spoke with S&P Global Market Intelligence and sharply criticized the […]

by April 14, 2018 News Shorts
Olivier Sarkozy of the Carlyle Group, a beneficiary of recent deregulation. (wikimedia commons)

Wall Street Deregulators Are on a Roll

April 2, 2018—Wall Street is racking up wins in Congress that are sure to increase the risk of the widely forecast next financial blowout. In addition to the passage of S. 2155 , which loosened capital and reporting requirements for 25 of the 38 largest banks in the United States, […]

by April 2, 2018 News Shorts
Former FDIC chair Sheila Bair

FDIC Officials Warn Against Further Deregulation

March 25, 2018–Experienced officials of the Federal Deposit Insurance Corporation (FDIC) have made it clear once again: It’s the height of stupidity to further loosen banking regulations. Former FDIC Chairman Sheila Bair made her comments to Barron’s magazine  on March 1, but they continue to garner coverage in the financial […]

by March 26, 2018 News Shorts
The Bank of New York Mellon, one of the huge banks aided by S. 2155.

News Shorts for March 19-25, 2018

  New Bank Deregulation Bill Would Hasten New Financial Crash March 18, 2018—If you listen to the apologists for S. 2155, the bank deregulation bill that passed the U.S. Senate 67 to 31 on March 14, you will be told that this legislation is being passed as a boon to […]

by March 18, 2018 News Shorts
News Shorts, March 5-11, 2018

News Shorts, March 5-11, 2018

Administration Slashing Crucial New York-New Jersey Gateway Project March 4, 2018—The final word has not yet been said, but the Trump Administration is giving every indication of disavowing any Federal funding for a major infrastructure project on which a huge portion of the nation’s economic functioning depends. That project is […]

by March 5, 2018 News Shorts, Uncategorized