Economy
Related: About this forumStiglitz 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.
Meteor Man
(385 posts)The link vanished. One more time:
[link:http://www.alternet.org/books/6-ways-reform-our-corrupt-financial-system|
Baobab
(4,667 posts)SusanCalvin
(6,592 posts)Warpy
(110,913 posts)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.