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Related: About this forumBanks Win Big as Regulators Refuse to Rein in $700 Trillion Derivatives Market
Published on May 19, 2013
Bill Black: Weakness of financial regulators shows you can not "tame the scorpion"
russspeakeasy
(6,539 posts)orpupilofnature57
(15,472 posts)L0oniX
(31,493 posts)dixiegrrrrl
(60,010 posts)tho tis not what I want to hear
it is what it is
with no suprises.
hay rick
(7,643 posts)Surprise, surprise, surprise. Mark Wetjen- story here: http://nymag.com/daily/intelligencer/2013/05/who-waters-down-wall-street-regulation-anyway.html
BillyRibs
(787 posts)I wondered why My Grandmother HATED the banks so much. (The schools were at that time teaching us to save money and banks were sponsoring saving accounts for children.) Each month she would cash her pension and SS checks take all of it in cash and lock it in her own safe. when I once questioned her about this practice, and told her about what we were learning in school. She asked me if they had taught me about what the banks did during the depression. when I asked her what was the depression. she scoffed and said Billy I don't trust banks with my money. They robbed me once, never again. You would do well to heed My advice, they're not to be trusted, not now, not ever.