There is a wealth of information there to secure the USA away from another Wall Street bailout.
Besides the USA Economy having a stronger tax base in new local small businesses that employ, there is an opportunity to sever the umbilical cord from Wall Street banks such as Goldman Sachs.
As they collapse next time, other nations such as China need to examine their exposure to Too Big Too Fail. They need to develop their own policies to deal with the fact they may be over invested and exposed to national fiscal issues. I don't see the USA government handing out bailouts to these banks again. They made their decisions in 2008 and took their bailout monies and otherwise elsewhere.
The fallout of 2008 involved secondary institutions such as the large insurance companies on USA soil. It would be best for Unions in the USA to examine those secondary RISKS and move investments in their pensions into these institutions rather than huge financial institutions such as Citibank.
If one recalls, Ford Motor never needed a bailout. They obtained their own money reserves while money was being lent at 0% interest rate. That is the understanding I seek here. The American Unions should consider limiting their exposure to foreign investment by those their pensions are investing. Some international investment is necessary, but, not to the extent it will adversely effect their pension funds. I sort of think of foreign investment as 'Found Money' and not the mainstay of a portfolio.
I would think at the very least Senator Warren would be familiar with these secondary institutions that made the large bank bailout necessary. If these secondary institutions were standing on their own without the need for large investment banks it would start to eliminate the definition of "Too Big to Fail," large unemployment rates and an intact economy and USA Treasury with a solid credit rating.
If splitting up the banks will not be a realistic outcome it becomes an ideology. There is no room for ideology in economic terms. But, just because splitting up the big banks won't happen because of political dogma otherwise, doesn't mean it can't be redefined in a beneficial methodology by those with the greatest interest for it to happen.
Never underestimate DESPERATION by the CEOs of the large investment banks to FORCE an economic emergency that will tap the USA Treasury again while believing "Damn the people."
Wall Street has no conscience. Conscience belongs to governance. That is simply a fact. Economic conscience belongs to government.
Besides the USA Economy having a stronger tax base in new local small businesses that employ, there is an opportunity to sever the umbilical cord from Wall Street banks such as Goldman Sachs.
As they collapse next time, other nations such as China need to examine their exposure to Too Big Too Fail. They need to develop their own policies to deal with the fact they may be over invested and exposed to national fiscal issues. I don't see the USA government handing out bailouts to these banks again. They made their decisions in 2008 and took their bailout monies and otherwise elsewhere.
The fallout of 2008 involved secondary institutions such as the large insurance companies on USA soil. It would be best for Unions in the USA to examine those secondary RISKS and move investments in their pensions into these institutions rather than huge financial institutions such as Citibank.
If one recalls, Ford Motor never needed a bailout. They obtained their own money reserves while money was being lent at 0% interest rate. That is the understanding I seek here. The American Unions should consider limiting their exposure to foreign investment by those their pensions are investing. Some international investment is necessary, but, not to the extent it will adversely effect their pension funds. I sort of think of foreign investment as 'Found Money' and not the mainstay of a portfolio.
I would think at the very least Senator Warren would be familiar with these secondary institutions that made the large bank bailout necessary. If these secondary institutions were standing on their own without the need for large investment banks it would start to eliminate the definition of "Too Big to Fail," large unemployment rates and an intact economy and USA Treasury with a solid credit rating.
If splitting up the banks will not be a realistic outcome it becomes an ideology. There is no room for ideology in economic terms. But, just because splitting up the big banks won't happen because of political dogma otherwise, doesn't mean it can't be redefined in a beneficial methodology by those with the greatest interest for it to happen.
Never underestimate DESPERATION by the CEOs of the large investment banks to FORCE an economic emergency that will tap the USA Treasury again while believing "Damn the people."
Wall Street has no conscience. Conscience belongs to governance. That is simply a fact. Economic conscience belongs to government.
