«Get rid of regulation, and everything will get better» by Aneo Liberalist

The Slog

hannanA useful Idiot….accused of Friedophile tendencies

The Commodity Futures Trading Commission (CFTC) is probing 15 banks over allegations that they instructed brokers to carry out trades that would move ISDAfix, the leading benchmark rate for interest rate swaps. Royal Bank of Scotland also said it was co-operating with authorities regarding the investigation. (The game plan was to screw the pension companies, thus leaving older folks destitute)

While Amazon was banging the drum last week about its new warehousing centre ‘creating’ 5,000 jobs (the Black Dude turned up to get some camera action and add soundbite rhetoric to the august occasion) the company’s global efficiency programme was quietly wiping out 25,000 potential and actual jobs resulting from its growth. (Amazon is twice the size of retail giant TJX, but is 80 times more profitable. Pause here while the accountants reading ejaculate. It can do this because it has no greeters, after-sales…

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