Aram Zucker-Scharff

‘Golden’ by Jill Scott
Be Golden.

Wall Street’s favorite myth just got busted: The rise of “shadow banking” and the fall of GE Capital:

Thanks to Washington, big banks are getting sneakier — but G.E. just proved it doesn’t have to be that way

Testing some tech.

salon:

The decision by General Electric to sell off its financial unit, GE Capital, is important, though not for the reasons many have been giving. General Electric focusing on manufacturing instead of lending represents one of the few retreats for creeping financialization – the transformation of every corporation into a banking and trading concern – in recent decades. More importantly, the positive market reaction to GE’s decision shows that Dodd-Frank, if anything, didn’t go far enough. If you can break up GE Capital without systemic disruption or loss of global competitiveness, you can break up the banks, too.

Thanks to Washington, big banks are getting sneakier — but G.E. just proved it doesn’t have to be that way

keraleda:

“Lighten Up” by Ronald Wimberly

Beautifuly written- and drawn.