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Wall Street criminality rolls on with no one held accountable
They're not going to stop until they have control of everything and we have nothing. That's because there is zero fear of punishment as the lawmakers, judges, prosecutors and cops are all bought.
8 comments:
Anonymous
said...
Mike , one of your better videos! They call the structure you descibe an "Iron Triangle".
actually mike, the tide is already turning. you stated it yourself in the video - 0.08% ROA.
we see the banks heading into a value trap, where their high margin activities e.g. HFT will be increasingly regulated and their low margin activities will not contribute enough to keep them relevant.
as their profit base wanes, so will their political clout and influence. then the govt. will step in and break them up.
maybe optimistic, but it might even happen in obama's 2nd term.
SR, I'd add two things to that. First, public anger is building, which would at some point force politicians to act, even against big donors. Secondly, law suits. They come are coming.
8 comments:
Mike , one of your better videos! They call the structure you descibe an "Iron Triangle".
Awesome vid Mike! Keep spreading the truth!!!!
Great talk Mike!Keep up the good mood!
Ready for anyone that wants to test, The MMT corner. :)
Thanks, Wekasus. Promoted to a post.
actually mike, the tide is already turning. you stated it yourself in the video - 0.08% ROA.
we see the banks heading into a value trap, where their high margin activities e.g. HFT will be increasingly regulated and their low margin activities will not contribute enough to keep them relevant.
as their profit base wanes, so will their political clout and influence. then the govt. will step in and break them up.
maybe optimistic, but it might even happen in obama's 2nd term.
SR, I'd add two things to that. First, public anger is building, which would at some point force politicians to act, even against big donors. Secondly, law suits. They come are coming.
Mike, great rant. But your jolly closing is very incongruous after warning everyone about the oncoming destruction of our society.
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