Tuesday, February 20th, 2018

Stocks have fallen since the SEC decided to sue Goldman Sachs for fraud. This the one line nugget you can find on Yahoo Tech Ticker, and there are lots of other reasons there as well. But the main reason why this market crashed and burned with this much ferocity was the Financial Reform Act that […]

There is a battle going on between Obama and Wall Street. Market has been down past one week since Obama spoke about curbing  high risk trading and new banking regulations. Wall Street is no stranger to temper tantrums. When cornered from greed and wayward means of achieving gains it blusters. It blusters in the form […]

President Obama whips Wall street On the very day world’s largest investment bank Goldman Sachs reported stellar earnings, President Obama chose to make an assault on the banking structure. Was the timing a mere coincidence ? Maybe not but it was a clear message to the Wall street we will harness your excesses and the […]

On Friday the 13th, 2009, US congressman Peter DeFazio introduced H.R. 1068 “Let Wall Street Pay for Wall Street’s Bailout Act of 2009″ which seeks to impose a 0.25% transaction tax on the sale and purchase of financial instruments such as stocks, options and futures in order to recoup bailout costs. This is a devastating […]