Daily Archives: November 3, 2015

Singer: “everything in market is more dangerous than it used to be”

Paul Singer, the billionaire founder of $27 billion hedge fund Elliott Management lays out the truth about the way technology and financial engineering have degraded capital markets in his fund’s latest letter. See: Paul Singer says financial innovations create unsound … Continue reading

Posted in Main Page | Comments Off on Singer: “everything in market is more dangerous than it used to be”

House Financial Services to vote in more favors for big banks today

Dennis Kelleher, President and CEO of Better Markets, issued the following statement ahead of the House Financial Services Committee mark-up today of several bills that gut financial reform, including threatening to eviscerate the Financial Stability Oversight Council (FSOC), one of … Continue reading

Posted in Main Page | Comments Off on House Financial Services to vote in more favors for big banks today

Warren on the lasting value of investment vs big bank extraction

Elizabeth Warren discusses the payoff for investing in America’s future. Here is a direct video link.

Posted in Main Page | Comments Off on Warren on the lasting value of investment vs big bank extraction

Self-funding public investment and cutting out private banks

Over the past 20 years we have enabled the extraction of private bank profits at the expense of everything else. Now the host is too weak to continue this parasitical relationship and a new world finance model is needed.  The … Continue reading

Posted in Main Page | Comments Off on Self-funding public investment and cutting out private banks