Leaving Lehman, exposing Wall Street Pt2

Wall street musical chairs continues

Category:

News & Politics

Tags:

• wall
• street
• obama
• money
• real
• news

[PsyogiBottoms]

Terrifying that someone actually has a conscience about the world - I suppose you can corrupt or defile someone that has a pure heart and a cultural awareness of karma.

Wish there were more humans like Sony Kapoor.

[dylbro]

The Fed is run and owned by the big banks. They are its board, they are its shareholders.

[MajNorberg]

IvanPetrenko: and you look like a communist?....really doesn't help matter does it?

[IvanPetrenko]

this guy looks like Al Qaida!

[jjrglobal]

If we don't look at the source of the problem, then we will never fix the problem. Open market operations by the fed in collusion with artificially low interest rates is the root cause of all our financial problems. You underestimate the importance of interest. If our savings rate was negative, how could int rates be 1%. Interest rates should be determined by bank deposits on an individual basis not the FOMC for the country.The market should be free from the most nefarious influence of all, FED

[PersianPaladin]

jjrglobal, that is purely market-apologism and speculation on your part. It does not match the full reality of what is happened.

True, the Fed has made things much worse with the bail-out bubble and acting as the failure-investment hedge but you give "the market" (as if its somehow free of alliances, nefarious influences, etc) too much credit (pardon the pun).

[sanfordhousing]

The early AFL CIO activists" the struggle of labor and capital" could they imagine Capital? moving production To "anywhere on earth" to exploit the cheap labor, Corrupt weak government's, who have no interest or control over the destruction and pollution of pristine natural environment, rivers and the sea ,100 years of US industrial and agricultural production left so many toxins on the land and in the rivers This military industrial complex has to be stopped ,the old guard of labor would say

[jjrglobal]

If there were no fed, not only would int rates be much higher as determined by the market, but there would be no discount window or other Fed open market operations for the banks to get the liquidity needed to produce a derivative bubble of this magnitude. I dont believe that a derivative market could even exist without Fed manipulation of int rates and money supply. Int rates would be too high to make a profit on derivatives if the Fed weren't printing $ from thin air and loaning it at 1%

[PersianPaladin]

The Federal Reserve could've pounced on the bubble, but instead it yielded to the investors and the hedge-funds. Joining in their game and then bailing out the big risk-investors shows that the Federal Reserve is simply a private corporate insurance-hedge for the big banks to guarantee the socialising of their losses.

[PersianPaladin]

In speaking to insiders who have dealt with the derivatives trades at several big global banks; it is clear to say that the Federal Reserve did not have any direct control over the boom or the quadrillion dollar bubble. It simply yielded to the movements in the market and the pressures to lower interest rates. If there was no Fed, then interest rates would've simply followed the market-trends which were stampeding in one direction.

[blackiron60]

There is nothing just about a capitalist economy: it just means that your livelihood will be at the mercy of a relative handful of investors, stockbrokers, and speculators in one of the big global financial hubs. The more countries and peoples that adopt "free-markets" the more people will be at the mercy of the financial elite.

[JackNeedles]

And now Obama want to give the Fed, the primce cause of this economic collapse, more power. But I guess the sheep will keep dreaming about how he will bay their gas bills and give them free health care.