#financelobby — Public Fediverse posts

If you want to know why #unemployment rises everywhere and #economy goes to shit.

#finance #system of #madness is to blame

#ai knows what to do... But #financelobby does not want it...

Require #banks that hold ordinary people’s #deposits and operate the #payment system to maintain very strong #capital and #liquidity buffers. Riskier trading, derivatives, and highly leveraged investment activity should either be conducted in separately capitalized subsidiaries or face much stricter limits.

If a speculative subsidiary fails, taxpayers and depositors should not be forced to rescue the whole institution. The goal is not to eliminate risk; it is to stop private profits from being combined with public bailouts.

#Bank executives should face personal consequences for #fraud, concealed risk, falsified accounts,#reckless conduct—not merely pay a corporate fine that #shareholders absorb.

## 7. Keep the #centralbank independent—but broaden #accountability

Full text
https://pastebin.com/UmMCCNvd

If you want to know why #unemployment rises everywhere and #economy goes to shit.

#finance #system of #madness is to blame

#ai knows what to do... But #financelobby does not want it...

Require #banks that hold ordinary people’s #deposits and operate the #payment system to maintain very strong #capital and #liquidity buffers. Riskier trading, derivatives, and highly leveraged investment activity should either be conducted in separately capitalized subsidiaries or face much stricter limits.

If a speculative subsidiary fails, taxpayers and depositors should not be forced to rescue the whole institution. The goal is not to eliminate risk; it is to stop private profits from being combined with public bailouts.

#Bank executives should face personal consequences for #fraud, concealed risk, falsified accounts,#reckless conduct—not merely pay a corporate fine that #shareholders absorb.

## 7. Keep the #centralbank independent—but broaden #accountability

Full text
https://pastebin.com/UmMCCNvd

If you want to know why #unemployment rises everywhere and #economy goes to shit.

#finance #system of #madness is to blame

#ai knows what to do... But #financelobby does not want it...

Require #banks that hold ordinary people’s #deposits and operate the #payment system to maintain very strong #capital and #liquidity buffers. Riskier trading, derivatives, and highly leveraged investment activity should either be conducted in separately capitalized subsidiaries or face much stricter limits.

If a speculative subsidiary fails, taxpayers and depositors should not be forced to rescue the whole institution. The goal is not to eliminate risk; it is to stop private profits from being combined with public bailouts.

#Bank executives should face personal consequences for #fraud, concealed risk, falsified accounts,#reckless conduct—not merely pay a corporate fine that #shareholders absorb.

## 7. Keep the #centralbank independent—but broaden #accountability

Full text
https://pastebin.com/UmMCCNvd

If you want to know why #unemployment rises everywhere and #economy goes to shit.

#finance #system of #madness is to blame

#ai knows what to do... But #financelobby does not want it...

Require #banks that hold ordinary people’s #deposits and operate the #payment system to maintain very strong #capital and #liquidity buffers. Riskier trading, derivatives, and highly leveraged investment activity should either be conducted in separately capitalized subsidiaries or face much stricter limits.

If a speculative subsidiary fails, taxpayers and depositors should not be forced to rescue the whole institution. The goal is not to eliminate risk; it is to stop private profits from being combined with public bailouts.

#Bank executives should face personal consequences for #fraud, concealed risk, falsified accounts,#reckless conduct—not merely pay a corporate fine that #shareholders absorb.

## 7. Keep the #centralbank independent—but broaden #accountability

Full text
https://pastebin.com/UmMCCNvd