The Big Bank Stress Tests came about in the Dodd-Frank bill in 2009. The idea was that systemically important banks had to have reserves enough to survive a recession.
Two weeks ago all 35 big banks passed the stress tests.
Or did they?
Morning. Came across an interesting article in The Atlantic last week, The 9.9 Percent Is the New American Aristocracy The class divide is already toxic, and is fast becoming unbridgeable. You’re probably part of the problem. To reach more policy makers or circumvent them, we need to understand this societal group.
The article and facts presented is worth a stand-alone diary. Maybe someone has the time to break it apart into digestible chunks.
audio recording about an hour and half.
After a socialist candidate won in the Bronx, the news media has spilled a lot of ink about how the Democrats are going too far to the left.
Someone should tell the Democratic Party establishment.
A good example is what happened in Rhode Island this week.
Remember how everyone was supposed to boycott the World Cup because of Putin?
There was even an attempt to shame England into having it's football players walk out of the World Cup.
You can watch, and hear your tax dollars fly toward more war, more intervention, more profiteering and ultimately, more refugees to hate on, while kicking back on holiday and telling yourself how great this self-sustaining cycle of violence called the USA is. This is a symptom of decades of domestic psyops having embedded militarism into every phase of our lives…politics, economy and even recreation. This is also another accident waiting to happen.
