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Posts Tagged ‘the banks run the world’

GS, JPM, MS et al: No Longer Just Banks

Posted by Larry Doyle on July 10th, 2013 7:49 AM |

Can we all agree that banks that are too big to fail, regulate, and prosecute are also too big to exist? That premise strikes me now as a foregone conclusion.

But how have the banks gotten bigger? It is not merely via the issuance of home mortgages, credit cards, corporate loans, and some derivatives transactions.

The new rent-seeking, market manipulating economy that is coming to define the American landscape is reflected in a host of other ways. Should we even call these institutions banks anymore?¬† (more…)

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