Category Archives: Too big to fail
THE HOLY FATHER IS RIGHT ON THE MONEY ABOUT “REDISTRIBUTION”
The headline of almost every news story about the Pope’s speech to the United Nations went with, in one form or another, the idea that the Pope wants redistribution of wealth from the rich to the poor, even though this … Continue reading
FREE MARY MCCULLEY–MORE DETAILS EMERGE
Edited press release received by LRM: For the millions who have lost their homes to foreclosure, or are still losing their homes to the “too big to fail” banks, Mary McCulley is a hero. In February she stood up to … Continue reading
BANKS ARE A THREAT TO SOCIETY, NOT MARY MCCULLEY
This is unbelievable. Absurd. Kafkaesque. Mary McCulley was sent to jail yesterday because supposedly she is a “public risk” and doesn’t “respect the law”: “BUTTE – A federal judge chose to give a Kentucky woman a longer prison sentence than … Continue reading
FORGET HEARINGS, JAIL BANKERS
Indeed, these will be hearings (if and when they happen) on financial faux pas, not financial terrorism–and the second kind is the kind we need… Having new hearings on the Independent Foreclosure Review–which was abruptly ended by a settlement in … Continue reading
FINES AREN’T FINE: JP MORGAN CHASE AND QE
So JP Morgan Chase is being fined again for essentially colluding with Bernie Madoff. Ho hum–big deal. Well, for them anyway. Because even though the latest $2 billion fine–according to Marketplace–“brings the grand total of fines JPM has paid in … Continue reading
HEDGE FUND MANAGER SOUNDS JUST LIKE THE POPE!
PolicyMic posted an article with the following headline: “Pope Francis Denounces Capitalism, But Is He Right?” Short answer: absolutely (dude is infallible, after all)–especially since renowned hedge fund manager Stanley Druckenmiller essentially agrees with the Pope, as we shall see … Continue reading