{"id":34788,"date":"2018-06-05T09:14:37","date_gmt":"2018-06-05T14:14:37","guid":{"rendered":"http:\/\/olduvai.ca\/?p=34788"},"modified":"2018-06-05T09:14:37","modified_gmt":"2018-06-05T14:14:37","slug":"bartlett-naylor-the-banks-are-becoming-untouchable-again","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=34788","title":{"rendered":"Bartlett Naylor: The Banks Are Becoming Untouchable Again"},"content":{"rendered":"<div class=\"article-header\">\n<div class=\"article-photo\">\n<div class=\"emvideo emvideo-video emvideo-youtube\">\n<iframe loading=\"lazy\" id=\"media-youtube-html5-2\" class=\"media-youtube-html5\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/u3L3coO6oO4?version=3&amp;autohide=1&amp;fs=1&amp;modestbranding=1&amp;rel=0&amp;wmode=transparent&amp;showinfo=0\" width=\"292\" height=\"200\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<div class=\"field field-type-text field-field-article-photo-caption\">\n<div class=\"field-items\">\n<div class=\"field-item odd\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"article-details\">\n<h3 class=\"title\"><a href=\"https:\/\/www.peakprosperity.com\/podcast\/114079\/bartlett-naylor-banks-becoming-untouchable-again\">Bartlett Naylor: The Banks Are Becoming Untouchable Again<\/a><\/h3>\n<div class=\"article-lede\">\n<div class=\"field field-type-text field-field-lede\">\n<div class=\"field-items\">\n<div class=\"field-item odd\"><strong>Regulations? We don&#8217;t need no stinking regulations!<\/strong><\/div>\n<div><\/div>\n<div class=\"field-item odd\">When the dust settled after the Great Financial Crisis, we learned that the big banks had behaved in overtly criminal ways. Yet none of their executives would be held criminally accountable.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"content clearfix\">\n<p>And while legislation was passed in the aftermath to place restrictions on the &#8216;Too Big To Jail\/Fail&#8217; banks, it was heavily watered down and has been under attack by finanical system lobbyists ever since.<\/p>\n<p>To talk with us today about the perpetual legislative warfare pitting citizens on one side and lobbyists (and many lawmakers) on the other, is Bartlett Naylor. Naylor is a veteran of the Wall Street wars. He spent a number of years as an aid to Senator William Proxmire at a time when Proxmire was head of the Senate Banking Committee. Naylor himself served as that committee&#8217;s Chief of Investigations.<\/p>\n<p>Sadly, Naylor sees the banks winning out here. More and more of the prudent restraints placed on the banking system are being dismantled, as further evidenced by the recent bill President Trump just signed:<\/p>\n<blockquote><p>The President signed S2155 last week. This bill has 40 or so provisions in it. The most troubling one reduces what\u2019s known as enhanced supervision for a class of banks that are between $50 billion and $250 billion in assets.<\/p>\n<p>Enhanced supervision means tighter capital controls. Capital is assets minus liabilities &#8212; the amount of net worth, if you will, of the particular bank. You think of banks of being very solid; but in fact, they&#8217;re in hock. They are highly leveraged. 95% of their assets are financed by debt. They really don\u2019t own that much. They mostly owe things.<\/p><\/blockquote>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bartlett Naylor: The Banks Are Becoming Untouchable Again Regulations? We don&#8217;t need no stinking regulations! When the dust settled after the Great Financial Crisis, we learned that the big banks had behaved in overtly criminal ways. Yet none of their executives would be held criminally accountable. And while legislation was passed in the aftermath to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[9860,2229,63,2218,802,20366],"class_list":["post-34788","post","type-post","status-publish","format-standard","hentry","category-economics","tag-adam-taggart","tag-banking-system","tag-banks","tag-peak-prosperity","tag-too-big-to-fail","tag-too-big-too-jail"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/34788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34788"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/34788\/revisions"}],"predecessor-version":[{"id":34789,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/34788\/revisions\/34789"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}