Wall Street Is An Illegal Cartel That Needs To Be Busted Up: William Cohan

And let's not forget MasterCard and Visa. They are, in reality, simply associations of the big banks. They suck over 3% off of every credit card transaction. And they continue to raise prices unilaterally, slowing the economy and seriously hurting many small business.

Reagan did it in the 80's by deregulating the S&Ls and they were bailed out AFTER sucking the money out of countless retirement funds and breaking many laws, then Bush did it in the 2000's via further deregulation of the BIG banks. Congratulations boys! You broke the country!

The Market is rigged. Small investors pick up crumbs dropped by the big boys as they feast, but the Market was designed and is managed by a giant banking system.

Noone is going to do ANYTHING..Not now, Not ever..Get use to it..This government has taken us down a path of which there is no return..This country is DONE..Obama will get reelected because this country now believes that the government should do everthing for them..Feed them..employ them..Force them to get healthcare..Tell them what to drive..And put them in homes they have no business being in and then bail them out when they can't afford it..We will never recover period..Good luck with the rest of your life folks..Wake the heck up people!!

Two areas of business that should not be traded because of inherint conflict of interest: Medical goods & services and energy goods & services. Take the wall street extreme pressure for profit out and prices will drop.

Yes but, this is still business the American way. I just wonder when the average American tax payer will be fed-up with all of this mess and the idea too big to fail created in the first place. Now banks and firms probably own the knuckleheads in the govt, in other words their right the banks, firms and rich control America. It's no wonder why they were too big to fail.

at least drug cartels provide a product, wall st. cartel just steals your money with no product

Yes, Yes, Yes,!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

This is right on! Lets not forget the Large Multi National Oil Companies while were busting up cartels.

Our Central Bank is part of a cartel that supercedes American Soveriegnty. 'Our' privately owned Central Bank is a member of the supra national BIS, or Bank of International Settlements, that answers to no government. After the manufactured bank panics of the late 1800's and early 1900's by JP Morgan who was an agent for Amschel Mayer Rothschild and his European banking monopoly, treason was committed in 1913 when the Federal Reserve Act was signed into law, thereby handing over to private interests the constitutionally mandated authority of the Treasury to maintain and protect the autonomy of the life's blood of our economic future, our currency. It's no coincidence that the year that the Federal Reserve was formed, WWI was started and America was soon to join and place itself in great debt to private bankers.

Mayer Amschel Rothschild quote: "Give me control of a nation's money and I care not who makes the laws."

Thom. Jefferson had the foresight of a prophet. The decision to create a Central Bank whose purpose was to govern how the banking business would be managed, was the seed that ultimately grew to be what we have today in the Federal Reserve. Much of Jefferson's thought regarding the fate of the American people if left to be determined by the power of a Central Bank is coming true before our eyes today.

Sounds like Ron Pauls message is going mainstream!

If you want to bring down the banks, EVERYONE STOP PAYING YOUR MORTGAGE!

The Banking Cartel needs to be broken up!

Is Washington a cartel? Well, considering how Washington, our politicians are all bought and sold for by the lobbyist yes. When over a billion dollars is now spent on presidential campaigns, that money is coming from somewhere. When the Supreme Court goes and rules that foreign corporations can contribute unlimited funds to OUR political campaigns, they're not contributing because they don't have anything better to do with their money. They are doing it to gain access and influence our leaders.

Banks should be forced to go back to doing one thing and only one thing and that is banking. The real function of banks is now and always has been to accept deposits and to lend. It is now to trade, not to get involved in mergers and acquisitions. Maybe if banks were restricted to just lend, perhaps they would have been more responsible and made sure that the loans they were writing had sufficient equity, collateral to back them up. Then perhaps we wouldn't have had a financial crisis and wouldn't have had to bail them out.

Why is the fed holding interest rates down to zero? Even today, four years after the financial crisis, the fed is still subsidizing banks by allowing them to borrow at zero interest and invest that money in treasures or any other type of investment.

When everyone can go to the fed and borrow money for zero percent interest and invest it to make money, gee maybe we will have so real growth in this country, cause we really haven't had any for the past twenty years!!!!

Ron Paul is the only ... ONLY man willing to dismantle an organiztion such as Wall St. Vote Ron Paul!!!

glassegal act needs to be renew.

Sounds like something Ron Paul has been saying for a long time now.... Just saying....

How dare these filthy Liberals attack Wall-Street ?
They are anti-Semite and anti-American.
Wall-Street has been created by the Zionists to control the US and the world economy.
Now a bunch of simple minded students or anachists dare attacking the
nevralgic center of the Zionist-American prosperity !
We, the true-Americans, demand the US government to use army, dogs,
guns or any other tough means to deal with these Socialo-Communist thugs.
After all, Zionist lobby finances the election campaigns of nearly
all American Congressmen, Senators and US Presidents.

take out the speculators,that is problem.