MEGABANKS POSE SYSTEMIC THREAT IF THEY SUCCEED There is an old saying: lend a business $1,000 and you own it; lend it $1 million and it owns you. This latest crisis confirms that the economic influence of the largest financial institutions is so great that their chief executives cannot manage them, nor can their regulators […]

Tags: Federal reserve, Kansas City, THOMAS M. HOENIG
Posted in bubble, Corruption, Eviction, securities fraud |