Sandy Weill, the former Citigroup chief executive and shatterer of Glass-Steagall says the industry needs a return to the separation of commercial and investment banks, while a recent study on HFT reveals that the practice costs long-term investors $2.5 billion per year.
July 27, 2012
4. A New Hope
In the Death Star of America's financial oligarchy, the ability of local governments to use eminent domain to seize toxic debt might be the one structural flaw big enough for the rebel alliance to exploit.
— Matt Taibbi, contributing editor for Rolling Stone, on towns using eminent domain to seize properties facing foreclosure
Source: Rolling Stone: From an Unlikely Source, a Serious Challenge to Wall Street
