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Against Monopoly

defending the right to innovate

Monopoly corrupts. Absolute monopoly corrupts absolutely.





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Financial reform looks doubtful

Bill Moyers Journal has had several programs on the financial crisis; the latest was this last week and is well worth watching (both the video and the transcript) link here.

Moyers interviews two writers for Mother Jones magazine, David Corn and Kevin Drum who have been investigating and reporting the scandal for some time. They detail how Wall Street money is fueling the political campaigns of both parties, is deeply embedded and enjoyed by the economic officials of the administration, and by Congress, not to mention the Washington think tanks. It pretty well dooms any meaningful financial sector reform; although the Obama White House has been leaking hopeful sounding trial balloons this week, holding one's breath is not to be recommended.

To predict the outcome, check what Wall Street is willing to accept and then read the fine print very carefully. And enjoy the video if you can.


Comments

They are going to take our 401k next. Thought I would send this link to info on what Obama and his ilk are looking into. These folks are actually dangerous.

They are looking at forcibly taking our 401k and giving us an annuity or treasury.

They see that 11 Trillion sitting there and cant keep their hands off of it.

Here are the links.

That 11 Trillion dollars sitting there is too much of a temptation.

Links to articles are below, one is in Business Week

link here

link here

Have a go at this one folks.

If you use your mind, there is no reason why you canīt use the World Wide Web to make a living for yourself. As far as markets, with a click of a button you can go just about anywhere. As research goes, you can find about anything you need to know, and as to potential revenue, there's no limit. The good news about making money online is it can cost you little or nothing compared to a physical business which could cost and risk you an arm and a leg or more. Realize, however, that making money online doesnīt come easily for everyone. For most, it takes hard work and a good dose of "trial and error."

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