If financial reform is so great, great! That means we can finally end all those programs giving public monies to private actors.

While Ben Bernanke dreams of being the uber-regulator and chief monitor of systemic risk, a new agreement between the FDIC and other banking regulators like the Fed allows the FDIC to have independent direct access to big banks instead of making the FDIC to rely on his tame stable of regulators at the Fed.

Chalk one up for real oversight.

My firm distributed the following action alert today (If you can’t see images or links, please view this message on our website. Help Save Community Banks and Credit Unions Dear Friend of Domini: Some of the country’s major commercial banks, including those that helped cause the worldwide financial crisis, have been bailed out by the [...]

One of the discussions I had with a few people recently revolved around the idea that what happened in 1930 could never happen today because of the FDIC insurance on depositor accounts. Fine, I’ll grant that. But there is one place where there is no insurance; the stock market. If panic selling ensues, even though there are breaks placed on the system to limit interday drops, there are no safety nets for those who desperately want to get out the market as quickly as they can. Picture the market in this instance as your bank account, only instead of cash, you own shares of stock, and those shares have a fluctuating value. Today, they may be worth $100, while tomorrow, they could be worth $10.

an addition to David’s efforts

The end game has begun. The FDIC is insolvent. The banks can no longer be “rescued.” The final transfer of wealth is at hand. Legislation is being pushed through right now to activate 400,000 Federal Troops on the streets of America. What are you doing about it?

Brother can you spare some change.

This week’s Audit looks ahead to President Obama’s financial regulatory overhaul and review some of the abuses from the subprime establishment.

This week’s Audit looks at economic accountability from Goldman Sachs to contractors involved in the economic stimulus package.

says it all