Aram Zucker-Scharff

Iceland put bankers in jail rather than bailing them out — and it worked:

… surprising no one.

azspot:

Jen Sorensen: Fast track to oligarchy

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

“But, according to new data, even though the recession is over, this generation is not looking to gorge; instead, they are the kind of hungry that cannot stop thinking about food. “Call it materialism if you want,” said Neil Howe, an author of th…