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Meet BlackRock, the New Great Vampire Squid

Ellen Brown The Unz Review
No private, unelected entity should have the power over the economy that BlackRock has, without a legally enforceable fiduciary duty to wield it in the public interest.

The Fed Protects Gamblers at the Expense of the Economy

Ellen Brown Truthdig
from of Federal Reserve building The repo market is a fragile house of cards waiting for a strong wind to blow it down, propped up by misguided monetary policies that have forced central banks to underwrite its highly risky ventures.

labor

Still Getting 'It' Wrong

William Spriggs AFL-CIO Now
Thoughts that huge tax cuts to high-income households will offset a downturn in automobile sales, cuts in public spending, rising college tuition or a dismantling of the health sector are irrational. If theFed raises interests rates, it will threaten a more fragile economy than appears at the moment. The drive to be “normal” in a world that is clearly not normal, may put us in danger of a downturn that will be difficult to recover from.

Lessons from the Crisis: Ending Too Big to Fail - Minneapolis Federal Reserve President

Neel Kashkari, Pres. Federal Reserve Bank of Minneapolis Federal Reserve Bank of Minneapolis
The Federal Reserve's newest bank president, a Republican who served as a top Treasury Department official during the financial crisis, called for policy makers to consider breaking up big banks to prevent future government bailouts. His proposals also include: Turning large banks into public utilities; and taxing leverage throughout the financial system. Seven years after the crisis, it is now time to move forward and end TBTF.

The Fed Should Be Meeting In Ferguson, Not Jackson Hole

Isaiah J. Poole Campaign for America's Future
The central bankers and the Ferguson residents would do well to switch places. Ferguson is actually a much better place from which to understand the consequences of the past six years of economic policies.
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