The Martens run this website and they appear to be very qualified to critique the financial establishment. Unfortunately, they are rather naive in their belief that the financial core of our ruling One Percent class will seriously ever regulate themselves. They did enact some limited reforms during the Great Depression, but they were forced to because of a very militant and angry working class. Nowadays, because they are in control of much more wealth and power, they always like to appear to be regulating themselves. That is where the Martens step in to attack these pretenses as they do in this article.
These Wall Street mega banks are now holding hostage our nation, its economy, and the living standard of the next generation who will be left to deal with the mountains of debt taken on to deal with the financial collapse and its overhang. When six years of near zero interest rates can’t revive an economy to normal job creation and economic growth, it’s time to call our monetary policy what it is: a political masquerade to artificially prop up a failed, global banking business model.