Michael Garland, chief executive officer at Pattern Energy, discusses the growth outlook for renewable energy and how low oil prices are impacting the sector. Here is a direct video link.
Sunrun CEO Lynn Jurich weighs in on the current state of the solar energy industry. Here is a direct video link.
For those craving a little truth, this 7 minutes is invigorating. We need much more public shaming of these actors and their practices.
Senator Elizabeth Warren’s Q&A at an April 5, 2016 Senate Banking Committee hearing titled, “Assessing the Effects of Consumer Finance Regulations.” Here is a direct video link.
Risks in the global financial system are more concentrated today than they were heading into the 2008 financial crisis. The facts are incontrovertible: 97% of all trading assets in the US banking system and 95% of all derivatives are controlled by the largest six US investment banks. The 30 global investment banks that are deemed ‘systemically important’ control 40% of all lending and 52% of all financial assets in the world. Not only that, but in the US the big 6 bank lobby has been able to queer bankruptcy laws to give derivative claimants (them) priority to seize capital ahead of all other creditors (including customer accounts) in an insolvency. (Recall how counter-party JP Morgan was able to step in and seize MF Global’s re-hypothecated customer assets in 2011.)
Since these institutions are too big to regulate, manage, protect depositors or bail out, we have to sever off the advising and deposit taking arms (backed by government deposit insurance) from the product creating, risk selling arms (who must be forced to live and die at their own risk with their own capital). We also have to jam the revolving door between financial firms and regulators…
Nomi Prins, author of “All the Presidents’ Bankers” explains how taxpayer risks are higher today in ‘Too big to fail’ investment banks than they were in 2008. Here is a direct video link.
