A Four Step Plan To Fix US Banking
To put a stop to corruption and the ongoing banking slump in the US, Dylan Ratigan takes a simple people’s survey and comes up with a solution that will focus more on taxpayers, investors, innovators, workers and do more social good. First and foremost would be to provide transparency and dig up the $600 trillion insurance scams that have been evaded largely by Secretary Geithner, Chairman Frank and Chairman Dodd, since it would expose a huge insurance fraud.
Secondly, insist on having capital back to Wall Street’s trading sessions, and thus limit the investor’s huge downside risk.
Thirdly, understand that long term investment is better than short term, as long term is the one that is more stable in terms of inflow and also societal good.
Fourthly, let smaller businesses and smaller establishments thrive, and not allow the “too big to fail” institutions to curb the revenues of these smaller establishments by breaking the bigger ones down.
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Posted-In: Dylan RatiganEconomics