Wall Street banks, which never stopped raking in money despite their key role in causing the 2008 global financial collapse, are at it again. The latest round of big bank hijinks are hurting the American consumer where it hurts, right in their pocketbooks. Big Wall Street banks are manipulating the […]
Monthly Archives: November 2014
A showdown is coming between the Financial Industry Regulatory Authority – FINRA – and the securities Industry lobbyists, namely the Securities Industry and Financial Markets Association – SIFMA – over increasing investor protection. The industry’s self-regulator, FINRA is often maligned as being too soft on the securities industry. It’s funded […]
Wall Street poured millions into Republican campaigns in the mid-term elections. The goal and thrust of Wall Street’s investment was to have a Congress that was friendlier to its interests and less friendly to investor protection regulation. Will Wall Street’s investment pay off? A major test of the election result […]
In the 2008 financial crisis, major banks like Citigroup and Merrill Lynch were on the verge of collapse. We all remember that a taxpayer funded bailout saved those financial institutions. To avoid a wholesale financial collapse, Puerto Rico, a U.S. territory, may need a similar plan of assistance or some […]