The Quiet Coup - The Atlantic (May 2009):
"The Quiet Coup: America’s Oligarchs and the Financial Crisis"
Here is an article from the chief economist of the IMF in 2007 and 2008...
The financial services industry by using a confluence of campaign finance, personal connections, and ideology there flowed, in just the past decade, a river of deregulatory policies that is, in hindsight, astonishing:
• insistence on free movement of capital across borders;
• the repeal of Depression-era regulations separating commercial and investment banking;
• a congressional ban on the regulation of credit-default swaps;
• major increases in the amount of leverage allowed to investment banks;
• a light (dare I say invisible?) hand at the Securities and Exchange Commission in its regulatory enforcement;
• an international agreement to allow banks to measure their own riskiness;
• and an intentional failure to update regulations so as to keep up with the tremendous pace of financial innovation.
Sarah Huckabee Sanders Attacked Harris For Not Having Kids To 'Keep Her
Humble'
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Former Trump Press Secretary and Arkansas Governor Sarah Huckabee Sanders
opened Trump's faux town hall in Michigan by mispronouncing Kamala Harris'
name...
3 hours ago
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