Hey OWS! Look Over HERE!

Sheldon Richman gives a glimpse of why Wall Street could not have done it alone (yes, merely a glimpse): Wall Street couldn’t have done it alone. It takes a government and/or its central bank, the Federal Reserve System, to: Create barriers to entry for the purpose of sheltering existing banks from competition and radical innovation,…

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Bankters, Busts, and History: A Primer

Don’t just skim past this one. This video is an excellent deconstruction of the way that banks have worked historically and the way risk allocation has changed. In other words, it is an explanation of how we got here, with socialized losses and private debts. Take the 10 minutes to understand it; you won’t be…

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