Strong and effective financial regulation is indispensable to a stable and fair financial system—and an economy—that people can trust. Without good regulation, even the most well-designed economic policies, from industrial policy to the clean energy transition to antitrust law, may fail to meet their full potential.
BOB might have something to do with the fact that, however much banking behaciour may be driving social discord at many levels, bankers are, for the most part, correctly executed a corrupted code.
SInce their execution is correct, accoding to the code, they cannot be punished for those actions, whatever the outcome.
The problem is not the corruption of bankers. It's the corruption that has crept into the logic of finance
This is a useful article -- Wall Street's destructive role in our economy, including the outsourcing which so many people blame on China, should be at the center of the political campaign. Ironically, the only ones I see doing it are the American Compass! I recommend my book Hamilton Versus Wall Street: The Core Principles of the American System of Economics as an excellent way to pursue the subject. Nancy Spannaus, manager of americansystemnow.com
BOB might have something to do with the fact that, however much banking behaciour may be driving social discord at many levels, bankers are, for the most part, correctly executed a corrupted code.
SInce their execution is correct, accoding to the code, they cannot be punished for those actions, whatever the outcome.
The problem is not the corruption of bankers. It's the corruption that has crept into the logic of finance
This is a useful article -- Wall Street's destructive role in our economy, including the outsourcing which so many people blame on China, should be at the center of the political campaign. Ironically, the only ones I see doing it are the American Compass! I recommend my book Hamilton Versus Wall Street: The Core Principles of the American System of Economics as an excellent way to pursue the subject. Nancy Spannaus, manager of americansystemnow.com