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Aviva Gabriel's Library tagged regulation   View Popular

29 Sep 09

SEC-OIG / Government Reports / Audits / Inspections / 2009

SEC's inspector general issues a 46-page report on fixing the enforcement division, addressing how the agency dropped the ball on complaints about Bernard Madoff's scheme.

www.sec-oig.gov/...467.pdf - Preview

financial financial system regulation audits inspections oversight SEC government economy regulatory banks banksters oligarchy kleptocracy corruption fraud

14 Sep 09

Obama marks crisis by urging Wall Street to act before Congress | Obama said he expects Wall Street “to embrace serious financial reform, not fight it.”

“You don’t have to wait to use plain language in your dealings with consumers. You don’t have to wait to put the 2009 bonuses of your senior executives up for a shareholder vote,” Obama said. “You don’t have to wait for a law to overhaul your pay system so that folks are rewarded for long-term performance instead of short-term gains.”

thehill.com/...-street-to-act-before-congress - Preview

obama financial crisis economic reform wallstreet congress taxpayers economy oversight regulation 2009

Why Do We Need Banks?

Banks are just middlemen. They take your money and lend it to you and others at a higher price. They shouldn't be private enterprises, either.

open.salon.com/...bank_interest - Preview

banking banks middlement regulation oversight private public profit nonprofit politics economic crisis collapse

Private Profits and Socialized Risk | Full Text PDF Report

Government/Taxpayers Take the Risks, Bank Shareholders Take the Profits: You might argue that stockholders are not taking the risk, all US citizens are. This, I think, has been thoroughly debunked under the now-famous catch-phrase “Private Profits and Socialized Risk.” It has been shown that that the government, not the banks, took that risk. So I do not see any reason for private individuals to have profited in the past, nor to profit in the future.
http://open.salon.com/rss/kent_pitman

www.tilsonfunds.com/Einhorn-4-08.pdf - Preview

banking banks TARP bailouts shareholders profit nonprofit profits taxpayers economy economics financial economic crisis collapse regulation regulatory

The Money Banks Play With is YOUR Mondy

People often forget that banking is a fractional reserve system. Folks put in deposits and earn an interest rate. The bank lends that same money out at a higher rate and keeps the difference.

open.salon.com/...right_with_his_simple_insights - Preview

banks banking bankers bailout TARP bailouts collapse crisis regulation trust investors depositors taxpayers shareholders risk profit nonprofit FDIC insurance economic

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