Yup, there has to be real reform of the banking sector! (0.00 / 0)

so far, not much, not nearly enough has changed for Wall Street. Instead of speculating on the housing bubble, they are now speculating on the next oil bubble! Some difference. Where is the regulation bill that would makesuch gambling illegal for banks? Banks shall provide credits for the industry, business, and citizen, speculating is for private investors whose bankruptcy won't disrupt the economy. Period.

And there's still room for inovations in a banking system that is reduced to its "boring" role of providing credit. Just recently, the Wells Fargo boss publicly voiced that his bank is shifting its focus on microcredits, providing money for small businesses, startups, and the self employed. even if this is a bit like back to the future, this is inovative for the 21sr century, after all the decades where banks all but ingored those customers. And if the other bank giants weren't so occupied about speculating in oil contracts, or trying to get the decadent boni for their management back, they would have much more time to come up with good business ideas of their own. Well, if they don't voluntarily shift their focus, someone has to force them doing it. Roll out that banking regulation bill!  

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by: Gray @ Fri Jun 05, 2009 at 10:17:44 AM UTC

It's nice to see (4.00 / 1)

some people actually read the good book, instead of just thumping it.

Montani semper liberi

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by: Sadie Baker @ Fri Jun 05, 2009 at 11:54:19 AM UTC

Deven Green (0.00 / 0)

ish a comedic geniush, in all sheriousnesh.

Anyone interested should look for what versions still exist of the parody "Welcome to My Home" on google video.  

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by: wobbly @ Fri Jun 05, 2009 at 16:24:33 PM UTC

Betty Bowers Is Dangerous (0.00 / 0)

If I paid too much attention to her, I'd never get anything done.

p.s. I've also heard it's dangerous to laugh that much in the morning.  Jeffrey Rosen's sources told me so.


"You know what they say -- those of us who fail history... doomed to repeat it in summer school." -- Buffy The Vampire Slayer, Season 6, Episode 3

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by: Paul Rosenberg @ Fri Jun 05, 2009 at 17:26:46 PM UTC