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[W]e are concerned about how large banks have recently expanded their businesses into such fields as electric power production, oil refining and distribution, owning and operating of public assets such as ports and airports, and even uranium mining.After listing some disturbing examples, they observed:
According to legal scholar Saule Omarova, over the past five years, there has been a "quiet transformation of U.S. financial holding companies." These financial services companies have become global merchants that seek to extract rent from any commercial or financial business activity within their reach. They have used legal authority in Graham-Leach-Bliley to subvert the "foundational principle of separation of banking from commerce". . . .A "macro" risk indeed - not just to our economy but to our democracy and our individual and national sovereignty. Giant banks are buying up our country's infrastructure - the power and supply chains that are vital to the economy. Aren't there rules against that? And where are the banks getting the money?
It seems like there is a significant macro-economic risk in having a massive entity like, say JP Morgan, both issuing credit cards and mortgages, managing municipal bond offerings, selling gasoline and electric power, running large oil tankers, trading derivatives, and owning and operating airports, in multiple countries.
Right now it is reported that approximately 60% of that constituency does not want the U.S. to attack Syria. However, it is not election time. In the post-election period, the politician's real constituency becomes special interests, some of which are rich enough and influential enough to substitute their own parochial interests for the interests of the nation. There are a bunch of them which are now anxious for an attack on Syria.The media is presently rife with reports that the U.S. government, along with other countries like the UK and France, operating with the blessing of the so-called Arab League (which has become little more than a front operation for the Gulf Arabs), are going to militarily strike Syria in just a matter of days. This will be done to supposedly punish Damascus for the alleged use of chemical weapons in its ongoing civil war. The U.S. government keeps saying they are sure the Assad government carried out this attack, but where are they getting their information? Well, that is rather shady. Washington won't really say, but one can guess at the most likely sources.
Comment: Redundant question - psychopaths literally have no shame and no conscience !!!