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Fri Mar 25, 2016, 09:38 PM

Stiglitz Nails It

An excerpt from his new book over at Alternet: [link:http://www.alternet.org/books/6-ways-reform-our-corrupt-financial-system|

1. End too big to fail
2. Regulate the Shadow Banking Sector and end offshore banking.
3. Bring transparency to all financial markets.
4. Reduce credit and debit card fees.
5. Enforce rules with greater penalties.
6. Reform Federal Reserve Governance.



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Reply Stiglitz Nails It (Original post)
Meteor Man Mar 2016 OP
Meteor Man Mar 2016 #1
Baobab Mar 2016 #4
SusanCalvin Mar 2016 #2
Warpy Mar 2016 #3

Response to Meteor Man (Original post)

Fri Mar 25, 2016, 09:40 PM

1. Missing link

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Response to Meteor Man (Original post)

Fri Mar 25, 2016, 10:24 PM

2. KnR

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Response to Meteor Man (Original post)

Sat Mar 26, 2016, 02:44 AM

3. We also need to nail those revolving doors between finance and the regulatory offices shut

Of course, simply regulating the finance industry isn't going to do much unless wealth is redistributed downward, and that's going to take a revolution. If we can get another peaceful one, great. If not, getting the crooks out of the banks won't do much.

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