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Why does Wall Street always win?

Written by Ashwin Rattan Saturday, 25 August 2012 14:51
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 In an article posted on economonitor, Simon Johnson writes:

 

After a long summer of high-profile scandals – JPMorgan Chase trading,Barclays rate-fixing, HSBC money-laundering and more – the debate about the financial sector is becoming livelier.

 

Why has it has become so excessively dominated by relatively few very large companies? What damage can it do to the rest of us? What reasonable policy changes could bring global megabanks more nearly under control? And why is this unlikely to happen?


To read the full story, click below:

 

http://www.economonitor.com/blog/2012/08/why-does-wall-street-always-win/

 

And for a technology, values and entrepreneurship based account of how banking can change, check out Carol Realini's BankRUPT and for an institutional approach, see Lipstick on a Pig by the mysterious man called The Pragmatist.

Last modified on Saturday, 25 August 2012 15:07

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