Wallace C. Turbeville

Top Four Self-Serving Myths Pedaled By Big Banks As The 2016 Campaign Heats Up

The demonized banking industry must make the case it is morally noble. That may jar some ears, but surely enabling retirees to earn a return on their savings and funding business expansion creating jobs and wealth, improving Americans’ quality of and opportunities in life is morally noble. — Eric Glover, the Washington Times, September 24, 2015

The hyperactivity of the presidential election has raised the level of discussion of financial regulation, at least in terms of noise if not enlightenment. Mr. Glover has provided an instructive insight into the mega-meme that will guide the opponents of regulation:

Keep reading... Show less

Glenn Beck Channels Rage of Self-Indulgent Baby Boomers

A little over a week ago we were treated to Glenn Beck’s quasi-religious extravaganza on the anniversary of Martin Luther King’s “I have a dream” speech. I have had a gnawing sense that there was some greater meaning to this event, despite the absence of any apparent substance in the messages delivered.

Keep reading... Show less