The Phaserl


Analyzing Wall Street, Banks, and Big Money: A Checklist and an Example

from Jesse’s Café Américain:

“Journalism is one of the devices whereby industrial autocracy keeps its control over political democracy; it is the day-by-day, between-elections propaganda, whereby the minds of the people are kept in a state of acquiescence, so that when the crisis of an election comes, they go to the polls and cast their ballots for either one of the two candidates of their exploiters.”

Upton Sinclair, The Brass Check

Rather than present someone else’s analysis, here is a simple checklist for you to consider, and a few simple questions.

Run down the performance over the last ten years or so of the Too Big To Fail Banks and assess them for yourself.

Is further deregulation the answer? Should we place even more power in the hands of the Banks themselves and then trust them to be good, or give that power to their own industry associations and instruments, including those attached to the revolving door?

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