Articles Tagged “wall street”
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Nurses Rally Support for Robin Hood Tax on Wall Street Transactions
Dressed in red scrubs and chanting “Wall street says cutback, we say fight back,” members of National Nurses United gathered Tuesday outside JP Morgan Chase in downtown San Francisco to rally support for a “Robin Hood Tax” that aims to tap Wall Street investment transactions to fund social services.
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Pulling Back the Curtain on the Wall Street Money Machine
The Fed, it seems, was doing only what banks and the money market do for each other every day: making “liquidity” available at very low interest rates. In 2008, bank liquidity dried up after Lehman Brothers collapsed, and the banks could not get the cheap, ready credit on which their lending scheme depends. The Fed then stepped in as “lender of last resort,” doing what it had to do to keep the banking scheme going.
The Hunger Site
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