Morgan Stanley’s Profits Fall 59 Percent Due to Tax Bill
The investment bank's earnings plummeted in the fourth quarter as it had to book $990 million in charges related to the new law.NEW YORK — Morgan Stanley’s earnings fell 59 percent in the fourth quarter as the investment bank had to book $990 million in charges related to the new tax law.
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We can’t put a price tag on our free press, but predatory investors can.
The U.S. government is unnecessarily feeding the “financialized” economy in which money makes money without producing new goods and services.
Critics predicted the 2017 legislation would reward major corporations and the rich. New data indicates that they were right on the money.
The Federal Reserve needs to keep pumping new money into the banking system, so why not inject cash directly into Americans' bank accounts?
"The capitalist system that we’re all part of has a downturn on average every four to seven years ... everybody knows it's coming."
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