Comments on: Shrinking America’s Bloated Finance Sector http://www.bearishnews.com/post/2166 Thu, 09 Feb 2012 17:25:14 +0000 hourly 1 By: Durable Goods: More Guns Than Butter http://www.bearishnews.com/post/2166/comment-page-1#comment-1520 Durable Goods: More Guns Than Butter Mon, 01 Feb 2010 13:26:13 +0000 http://www.bearishnews.com/?p=2166#comment-1520 [...] military is bloated, and much like the FIRE sector, it needs shrinking. Both are incredibly inefficient ways to grow/stimulate an economy. In their [...] [...] military is bloated, and much like the FIRE sector, it needs shrinking. Both are incredibly inefficient ways to grow/stimulate an economy. In their [...]

]]> By: Military Spending Growth on Durable Goods http://www.bearishnews.com/post/2166/comment-page-1#comment-1516 Military Spending Growth on Durable Goods Sun, 31 Jan 2010 18:39:33 +0000 http://www.bearishnews.com/?p=2166#comment-1516 [...] military is bloated, and much like the FIRE sector, it needs shrinking. Both are incredibly inefficient ways to grow/stimulate an economy. In their [...] [...] military is bloated, and much like the FIRE sector, it needs shrinking. Both are incredibly inefficient ways to grow/stimulate an economy. In their [...]

]]> By: Tim Geithner Interview with Slate.com http://www.bearishnews.com/post/2166/comment-page-1#comment-1433 Tim Geithner Interview with Slate.com Tue, 29 Dec 2009 21:35:12 +0000 http://www.bearishnews.com/?p=2166#comment-1433 [...] bloated financial sector subsidized by government is the lifeblood of our economy (I have this on good authority. Bob, [...] [...] bloated financial sector subsidized by government is the lifeblood of our economy (I have this on good authority. Bob, [...]

]]> By: Wall Street's Brain Drain http://www.bearishnews.com/post/2166/comment-page-1#comment-1244 Wall Street's Brain Drain Sat, 24 Oct 2009 18:07:17 +0000 http://www.bearishnews.com/?p=2166#comment-1244 [...] Actually, the CNN/Fortune article is quite good. And it warms my heart to see an outlet like CNN publishing rabble-rousing stuff like this. The fact that the piece is spreading like wildfire is good news. It means more people are waking up to the fact that our finance sector needs to be downsized. [...] [...] Actually, the CNN/Fortune article is quite good. And it warms my heart to see an outlet like CNN publishing rabble-rousing stuff like this. The fact that the piece is spreading like wildfire is good news. It means more people are waking up to the fact that our finance sector needs to be downsized. [...]

]]> By: jOSEPH tIBMAN http://www.bearishnews.com/post/2166/comment-page-1#comment-961 jOSEPH tIBMAN Wed, 23 Sep 2009 05:07:27 +0000 http://www.bearishnews.com/?p=2166#comment-961 All points well articulated. And without questions there is much business undertaken iin financial markets that at best is nutral in it's impact on our economy, and much that is harmful. But I don't think the answer is to methodically shrink. Regulayion and oversight need a full makeover, importantly including regulation that limits risk-taking so that we are not subject to the advere effects of a mjor financial meltdown. The shockwaves caused by the Lehman bankruptcy is nothin compared to the failure of a number of major institutions - that if nothing else would cause widespread panic -- people stuffing their savings in their matttresses. No, it would be far better to effectively reglate so that harmful activites are minimized. The absence of this excess would reduce the ouysized earnings infinance and naturally reduce the size of the sectr as there would be fewer heads needed to manage a business with shrinking volumes due to appropriate oversight and a ban on harmful transactionss/ There will alwaays be those who xucceed i breaking the rules, but we can do much better than we gave in minimizing this jOSEPH tIBMAN, AUTHOR THE MURDER OF LEHMAN BROTHERS lehmanbook@blogspot.com All points well articulated. And without questions there is much business undertaken iin financial markets that at best is nutral in it’s impact on our economy, and much that is harmful. But I don’t think the answer is to methodically shrink. Regulayion and oversight need a full makeover, importantly including regulation that limits risk-taking so that we are not subject to the advere effects of a mjor financial meltdown. The shockwaves caused by the Lehman bankruptcy is nothin compared to the failure of a number of major institutions – that if nothing else would cause widespread panic — people stuffing their savings in their matttresses. No, it would be far better to effectively reglate so that harmful activites are minimized. The absence of this excess would reduce the ouysized earnings infinance and naturally reduce the size of the sectr as there would be fewer heads needed to manage a business with shrinking volumes due to appropriate oversight and a ban on harmful transactionss/ There will alwaays be those who xucceed i breaking the rules, but we can do much better than we gave in minimizing this

jOSEPH tIBMAN, AUTHOR THE MURDER OF LEHMAN BROTHERS
lehmanbook@blogspot.com

]]>