Post Tagged with: "speculation"

The Wall Street bull

Wall Street Speculators Out of Control!

Hamilton Denounced  “Unprincipled Gamblers” By Nancy Spannaus Oct. 31, 2019—The Oct. 28 column in Wall Street on Parade revealed new evidence of the way in which Wall Street speculation, especially by JPMorgan Chase, is threatening the U.S. financial and economic system. I quote: But here’s the shocking news. According to […]

by October 31, 2019 Commentary, News
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
Skidrow, home of thousands of homeless in Los Angeles

Behind the Housing Crisis: Speculation

By Nancy Spannaus Sept. 16, 2019—A recent article by Kathryn Milani on the blog of the Roosevelt Institute, along with the uproar over the homeless crisis in the Los Angeles area, has led me to once again address the housing crisis. This is a crisis that I also experience close […]

by September 17, 2019 News
"Hooverville" in 1930s Seattle, one of the largest in the country.

Tackling the Housing Crisis

Learning from FDR’s Emergency Action By Nancy Spannaus June 11, 2019—The 2008-9 period of mass housing foreclosures may be over, but the housing crisis in the United States is not. Exorbitant prices in the nation’s major cities, along with burgeoning homelessness centered in many of those same locations, attest to […]

by June 11, 2019 Commentary, History
Citibank's offices at Canary Wharf in London (dreamstime)

Mega-banks Report on Their Mega-Speculation

April 2, 2019–The end-of-year reporting by the Wall Street mega-banks on their exposure to risk should be setting off alarms on Capitol Hill and beyond. Of particular concern are the figures on speculation in derivatives contained in the annual reports which the banks (among other publicly traded companies) have to […]

by April 2, 2019 Glass-Steagall, News Shorts
New York Stock exchange

The Fed Stokes “Bancomania”

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 […]

by November 1, 2018 News