TraderWise

Don’t look for financial firms to return the favour

Congress is working on plans to rein in the questionable activities of Wall Street, and re-direct the self-serving focus of major banks. I wish them good luck with that.

Financial firms are fighting back with propaganda blitzes aimed at raising public fear.

For instance, independent economists are debating the pros and cons of moves announced in the U.S. and the U.K. to remove some of the stimulus efforts that rescued the financial firms this time, such as the U.S.