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Democrats Push For Reinstatement Of Glass-Steagal

In what is the start of the biggest uphill battle in D.C., arguably even bigger than deposing the printing press leprechaun, five democrats are proposing an amendment to reinstate Glass-Steagal, whose repeal, through the Larry Summers orchestrated Gramm-Leach-Bliley Act, in 1999 set the economy on the collision course that culminated with the implosion of every single Goldman Sachs FICC competitor in 2008. The five Democrats who have undertaken the sisyphean task of taking on both Wall Street and their direct boss, are Maurice Hinchey of New York, John Conyers of Michigan, Peter DeFazio of Oregon, Jay Inslee of Washington, and John Tierney of Massachusetts. If adopted, the measure would give banks one year to choose between being commercial banks or investment banks.

Goldman Back To Economy Bashing Mode

It appears lately Goldman can't get enough of bashing the economy.

Goldman Back To Economy Bashing Mode

It appears lately Goldman can't get enough of bashing the economy.

An Objective Look At Commercial Real Estate: The Korpacz Real Estate Investor Survey

CRE is possibly the single biggest experiment in "extend and pretend" currently evolving (aside from the US economy itself, which like a drug addict, is fed its daily methadone of fiat money by its enablers Bernanke and Geithner) in America. This is confirmed by the latest Korpacz Real Estate Q3 Investor Survey: far from pig lipsticking in tried and true CNBC fashion, the report tells it how it is