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View Diary: Naked Capitalism: "...Democrat Bank Stooges Launch Bills to Permit Bailouts, Deregulate Derivatives" (109 comments)

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  •  Actually that is a GREAT question! (3+ / 0-)

    It would take hundreds because Morgan was a giant back then that could not exist now.

    IOW, Morgan owned Morgan in 1907 - today JPM is still the biggest but is owned by millions of shareholders.

    "The way to see by faith is to shut the eye of reason." - Thomas Paine

    by shrike on Wed Mar 20, 2013 at 07:04:44 PM PDT

    [ Parent ]

    •  Besides (0+ / 0-)

      Market crashes preferentially hurt the rich and decrease inequality, because the rich tend to have more to lose in terms of income and assets.

      If you're poor, you're poor before the crash and after it too.

      (-5.50,-6.67): Left Libertarian
      Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

      by Sparhawk on Thu Mar 21, 2013 at 05:29:21 AM PDT

      [ Parent ]

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