www.DemocracyNow.org – Democracy Now! broadcasts on the road from Kansas City, Missouri, today. Amy Goodman interviews William Black, a white-collar criminologist, former financial regulator, and author of “The Best Way to Rob a Bank is to Own One.” Black teaches economics and law at the University of Missouri-Kansas City and recently took part in Occupy Kansas City. “If you look [at the Occupy protests] not just nationwide, but worldwide, you will see some pretty consistent themes developing,” Black says. “That includes, we have to deal with the systemically dangerous institutions, the 20 biggest banks that the administration says are ticking time bombs. As soon as one of them fails, we go back into a global crisis. We should fix that, there’s no reason have institutions that large. Accountability is also a theme, that we should put these felons in prison … And that we should get jobs now and that we should deal with foreclosure crisis. … Those are four common themes you can see in these protests… I think over time you’ll not necessarily have some grand written agenda, but you will have increasing consensus, a broad consensus.” For the complete transcript, podcast, and for additional Democracy Now! reports on the Occupy Wall Street movement, visit www.democracynow.org FOLLOW DEMOCRACY NOW! ONLINE Facebook: www.facebook.com Twitter: @democracynow Subscribe on YouTube: www.youtube.com Daily Email News Digest: www.democracynow.org Please consider supporting …
Earlier today US President Barack Obama signed a bill that is the most comprehensive financial law to be enacted since the Great Depression. The law, which got final approval from the Senate last week, targets the kind of Wall Street risk-taking that helped trigger a global financial meltdown in 2007-2009. Gerald Celente says that this is only going to harm and will not do enough to change Wall Street.
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Financial Markets (ECON 252) Regulation of financial and securities markets is intended to protect investors while still enabling them to make personal investment decisions. Psychological phenomena, such as magical thinking, overconfidence, and representativeness heuristic can cause deviations from rational behavior and distort financial decision-making. However, regulation and regulatory bodies, such as the SEC, FDIC, and SIPC, most of which were created just after the Great Depression, are intended to help prevent the manipulation of investors’ psychological foibles and maintain trust in the markets so that a broad spectrum of investors will continue to participate. Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Spring 2008.
May 17 (Bloomberg) — Matthew Bishop, New York business editor for The Economist and author of “The Road from Ruin: How to Revive Capitalism and Put America Back on Top,” talks with Bloomberg’s Matt Miller and Carol Massar about financial regulation in the US Bishop also discusses Europe’s financial crisis and the outlook for the euro, and the US economy. (Source: Bloomberg)
May 13 (Bloomberg) — William Ackman, founder and chief executive officer of Pershing Square Capital Management LP, talks with Bloomberg’s Deirdre Bolton about the outlook for financial regulatory overhaul and credit-rating companies. (This is an excerpt of the full interview. Source: Bloomberg)
Financial Markets (ECON 252) Professor Shiller provides a description of the course, Financial Markets, including administrative details and the topics to be discussed in each lecture. He briefly discusses the importance of studying finance and each key topic. Lecture topics will include: behavioral finance, financial technology, financial instruments, commercial banking, investment banking, financial markets and institutions, real estate, regulation, monetary policy, and democratization of finance. Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Spring 2008.
The US president is promoting his ideas for new financial regulation. Among the proposals Barack Obama is pushing, are limiting the size of banks and the risks they can take, and restricting the use of financial instruments, such as derivatives, which contributed to the economic crisis, as well as protecting US taxpayers from having to bail out faltering companies. Al Jazeera spoke to economist Max Fraad Wolff, who said the president is trying to put some pressure on Wall Street.
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