Archive for June, 2010

Taming the Monster

June 23, 2010

Five Ways to Tame the Financial Market Monster:

  1. Control the Banks! (Glass-Steagall)
  2. More Equity Capital! (Bad loans – high yields, Extraordinary leverage, No meaningful loss reserves)
  3. Quality Controls for Financial Products! (Bubbles)
  4. Monitor the Hedge Funds! (Derivatives Time Bomb)
  5. Control the Ratings Agencies! (Paid Escorts)

Five Ways to Tame the Financial Market Monster
Emry – Billions for Bankers – Debts for the People (1982)
Martenson – The Crash Course
Money as Debt
Renaissance 2.0