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How the Fed is trashing the economy

Chris Whalen gets it

broker dealers, Dodd Frank , financial sector, institutional investors, Jamie Dimon, JP Morgan, MF Global, money managements, OTC derivatives, reserve requirements, shareholder democracy, shareholders, The Fed, US banks, Warren Buffett, Wells Fargo

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Chris Whalen is a buttoned up banking industry analyst, not an Internet wildman.

But lately, one of the few places he can get his analysis heard is on the Internet.

There's been a lot of talk about the Fed and its actions and the harm it's doing, but it can be hard to wrap your mind around it sometimes.

Whalen lays it out clear as glass.

Take aways:

"Big corporations are by definition fascist."

"You've always got to factor in the cowardice of the regulators."

"The politicians are bought off. We just have to say that."