Archive for the ‘Blog’ Category
Regulators at last have finalized the Volcker Rule, which bars banks from speculative trading. For that, they should be commended.
When the Fed meets to decide its monetary policy on Wednesday, Jan. 29, we believe it should continue tapering its bond buying program and let interest rates rise. Why? Low interest rates and low inflation are having a negative impact on the vast majority of American families.
In 1953, Defense Secretary (and former CEO of GM) Charles Wilson was asked during his Senate confirmation hearing whether he would put the interests of the country above that of GM, to which he famously responded “what’s good for General Motors is good for America”. Though Wilson was actually quoted out of context (he was describing how he used to view the world as head of GM), his quote became the symbol of corporate arrogance and disdain. He was later brutally satirized in a musical written about the exploits of Al Capp’s L’il Abner’s in a character named General Bullmoose, who tells his troops:
“We’ll show these hillbillies what’s what! Right boys? read more