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Meteor Man

(385 posts)
Fri Mar 25, 2016, 10:38 PM Mar 2016

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.



4 replies = new reply since forum marked as read
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Stiglitz Nails It (Original Post) Meteor Man Mar 2016 OP
Missing link Meteor Man Mar 2016 #1
GATS tries to make it impossible to regulate TBTF banks Baobab Mar 2016 #4
KnR SusanCalvin Mar 2016 #2
We also need to nail those revolving doors between finance and the regulatory offices shut Warpy Mar 2016 #3

Warpy

(110,913 posts)
3. We also need to nail those revolving doors between finance and the regulatory offices shut
Sat Mar 26, 2016, 03:44 AM
Mar 2016

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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