Saturday , January 19 2019
Home / New Economic Perspectives / Fed Lets Goldman Sachs and Morgan Stanley Off Hook, Investors Profit Billions

Fed Lets Goldman Sachs and Morgan Stanley Off Hook, Investors Profit Billions

Summary:
Even though Goldman Sachs and Morgan Stanley failed the so-called ‘stress test,’ to determine whether these banks can weather a financial crisis, the Fed allowed them to pay billions in dividends and stock buybacks to investors. Former financial regulator and NEP’s own Bill Black explains the consequences. You can view with transcript here. [embedded content] [Translate]

Topics:
Devin Smith considers the following as important:

This could be interesting, too:

William Black writes Trump’s Version of ‘Let Them Eat Cake’

William Black writes Trump CFPB Plans Obscene Change to Payday Lender Rule

Devin Smith writes How Immoral are Laissez Faire Ideologues? Ask about Drones.

William Black writes Countering Chinese Accounting Control Fraud and Predation Against U.S. Investors

Even though Goldman Sachs and Morgan Stanley failed the so-called ‘stress test,’ to determine whether these banks can weather a financial crisis, the Fed allowed them to pay billions in dividends and stock buybacks to investors. Former financial regulator and NEP’s own Bill Black explains the consequences. You can view with transcript here.

Leave a Reply

Your email address will not be published. Required fields are marked *