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Upsetment
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Bankers warn over rising US business lending - FT.com

Bankers warn over rising US business lending - FT.com | Upsetment | Scoop.it

 

US lending to businesses is reaching record levels but banks are privately warning that the activity should not be seen as evidence of an economic recovery. Much of the corporate lending is going to fund payouts to shareholders, finance acquisitions and fuel the domestic energy boom rather than to support companies' organic growth.

Kenneth Weene's insight:

In other words, the banker driven Ponzi scheme is continuing. It shows up as profits, which means bonuses, which are then siphoned off while the money goes round and round. I see another debacle coming.

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Carried Interest, an Unjust Privilege for Financiers

Carried Interest, an Unjust Privilege for Financiers | Upsetment | Scoop.it
This huge tax benefit enriches an already privileged sliver of financiers and violates basic standards of fairness and common sense.
Kenneth Weene's insight:

Sure we're only talking about $11 - $13 billion a year, but it is real and there is no excuse for this handout to the already wealthy. Just one of the many examples of the needed reform in out tax codes.

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