The fallout from the Barclays revelation bodes poorly for the banking industry.
by Peter Fegan •
The Great Recession of 2008 – the worst economic upheaval since the Great Depression of the 1930s – brought the world to the edge of the precipice. It was yet another painful reminder that not only aren’t unregulated markets rational, they can be responsible for causing untold carnage if given half a chance.
During a conservative radio show with Bill Bennett last week, GOP Rep. Paul Ryan agreed with a caller that the big banks should once again be regulated by Glass-Steagall.
Newt Gingrich Calls For Reinstating Glass-Steagall, Admits Deregulating The Banking Industry Was A Mistake
In an interview on ABC with Jake Tapper, Gingrich admitted that deregulating the banking industry was a mistake.
by Vince Yanez •
To tell them their ‘bad choices’ of losing their jobs and being old during a recession was their fault, and they needed to stop whining about it. It angers me when I talk to the ‘I’ve got mine, who cares about yours’ type of people in this country. Is that how your momma raised you?