Have the Banksters Already Have Found a Loophole?
By Louise
As President Obama announced he would support reforms not allowing banks to own own, invest or trade "unrelated to serving customers," the banks think they may have already found a loophole. By claiming that its hedge fund investments or trading operations are "related to serving customers" - either by allowing outside clients to invest in the funds or treating their own employees as customers in the hedge funds — the banks believe that less than 1 percent of their overall business would be affected. Time to bring back Glass Stegal - forcing banks to decide if they're going to be investment houses or banks that offer checking accounts and mortgages - and quit nibbling around the edges. Reagonomics/Clintonomics has done so much damage to this country with things like the Graham-Leach-Bliley and Commodity Futures Modernization Acts, which enabled all this gambling by the banks by rolling back New Deal protections. This administration should just directly return to sanity.
Thom's Blog Is On the Move
By webmaster
Hello All
Thom's blog in this space and moving to a new home.
Please follow us across to hartmannreport.com - this will be the only place going forward to read Thom's blog posts and articles.
Images of Thom
From Screwed:
"Thom Hartmann’s book explains in simple language and with concrete research the details of the Neo-con’s war against the American middle class. It proves what many have intuited and serves to remind us that without a healthy, employed, and vital middle class, America is no more than the richest Third World country on the planet."
From Screwed:
"Once again, Thom Hartmann hits the bull’s eye with a much needed exposé of the so-called ‘free market.’ Anyone concerned about the future of our nation needs to read Screwed now."
From The Thom Hartmann Reader:
"Thom Hartmann is a creative thinker and committed small-d democrat. He has dealt with a wide range of topics throughout his life, and this book provides an excellent cross section. The Thom Hartmann Reader will make people both angry and motivated to act."
