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Friday, July 20, 2018

Encouraging The Right Kind Of Greed Among Banks

(This is an excerpt from Dylan Ratigan’s forthcoming book, “Greedy Bastards: How We Can Stop Corporate Communists, Banksters, and Other Vampires From Sucking America Dry.”)

Jan. 9 (Bloomberg) — The financial markets need regulation the way a nuclear-power plant needs a cooling agent for its radioactive fuel rods. If safety rules are enforced and the heat of the rods is properly controlled, the result can be clean, abundant energy. But if that cooling process is neglected, there could be a meltdown.