YES! - Systemic Risk abounds. Nothing has been fixed since the crash of '08. The Zombie Banks are due to fail.
98% (53 votes)
NO! - This is just a single botched trade by a rogue London trader. There’s no real systemic risk here.
2% (1 vote)
Total votes: 54

Comments

telliottmbamsc's picture
telliottmbamsc 3 years 7 weeks ago

Who cares.

The 99% is down to their last remaining hope for a fair and just American Society coming from a massive involuntary, and unfortunately very disruptive, redistribution of wealth. With any luck the power structure will also change in favor of the people.

Sadly, a “bad event” is probably something we’ll have to go through to get back to a democracy. Right now we are languishing in velvet fascism that is increasingly outright blatant fascism and we are getting ever closer to falling flat on our faces.

It’s like the only medical advice 10’s of million of Americans can afford when their sick: “barf, you might feel better!” In this case the barf is the 1%, ALEC, lack of campaign finance, and the political economic structure in general we have fallen into.

arky12's picture
arky12 3 years 7 weeks ago

I watched an interview on CNBC yesterday that included former Governor of NY Spitzer. Also included were other bankers, etc. who all seemed to agree that more regulation was needed and/or that banks should be either broken up or investment banking should again be separate from depositor money. Also indicated that anything within banking that is covered by the FDIC should not be open to this type of investment gambling. I have been somewhat encourage by Republican leaning news, bankings, etc. who now seem to favor more regulation, not less. Maybe this is a wake up call that it's been business as usual and there is some concern that we'll experience a repeat of 2008. I hope this sentiment gets through to the House and they push through tougher regulations.

John Defalque's picture
John Defalque 3 years 7 weeks ago

According to the documentary , "97% Owned", just 2.5% of our money is real.The other 97% is digital, much of it fictitious money based on the fantasy island of Manhattan economy, the ponzi, casino fraud economy.

Add comment

Login or register to post comments

Bernie Sanders Could be the Next FDR

Tuesday night, I appeared on the Last Word with Lawrence O’Donnell to talk about Elizabeth Warren, the rise of progressives within the Democratic Party, and what this means for Bernie Sanders’ presidential campaign.

At one point in our discussion, the conversation turned to whether Bernie represents the closest thing to an Elizabeth Warren candidacy.

From The Thom Hartmann Reader:
"Through compelling personal stories, Hartmann presents a dramatic and deeply disturbing picture of humans as a profoundly troubled species. Hope lies in his inspiring vision of our enormous unrealized potential and his description of the path to its realization."
David Korten, author of Agenda for a New Economy, The Great Turning, and When Corporations Rule the World
From Unequal Protection, 2nd Edition:
"If you wonder why and when giant corporations got the power to reign supreme over us, here’s the story."
Jim Hightower, national radio commentator and author of Swim Against the Current
From Screwed:
"The powers that be are running roughshod over the powers that OUGHT to be. Hartmann tells us what went wrong — and what you and I can do to help set American right again."
Jim Hightower, National Radio Commentator, Writer, Public Speaker, and author of the bestselling Thieves in High Places