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Banks Bet $1 5 Billion on Shipping Firms Emissions Reduction Plans

Banks Bet $1 5 Billion on Shipping Firms Emissions Reduction Plans
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Detailed text transcripts for TV channel - CNN - 20210523:14:43:00

taxes. zachary karabell described an older financial partnership model that came from the brothers bound and hairyman in which banks bet with their old money and emphasized not more and more and more, but enough. it is all in his new book inside money, brown brothers hairyman and the american way of power. so we re in the midst of a big debate about the future of capitalism and there are people in washington who want to change it by regulating and taxing it. the message of your book it seems to me is there is something much deeper that needs to change which is the fundmental attitude of capitalisms elites. that is absolutely true. one thing i glean from doing this book, but probably thought about before, was that a lot what we have now in terms of the capitalism of more, more, more,

Mo neyZachary karabellBrother sBanks betThe american wayInside moneyBrown brothers hairymanCapitalisms elites

Detailed text transcripts for TV channel - CNN - 20210523:17:43:00

isn t just new regulations and taxes. zachary karabell described an older financial partnership model that came from the brown brothers harriman in which banks bet with their old money and emphasized not more and more and more, but enough. it is all in his new book inside money, brown brothers harriman and the american way of power. so we re in the midst of a big debate about the future of capitalism and there are people in washington who want to change it by regulating and taxing it. the message of your book it seems to me is there is something much deeper that needs to change, which is the fundamental attitude of capitalism s elites. that is absolutely true. one thing i glean from doing this book, but probably thought about before, was that a lot what we have now in terms of the capitalism of more, more, more,

Zachary karabellIsn tThe american wayMo neyBrown brothers harrimanInside moneyBanks bet

Detailed text transcripts for TV channel - MSNBC - 20120515:11:11:00

each and every day. at least that s what they say. the lack of certainty. the failure to adopt anything out of the simpson/bowles amendments. combine it with the fact that on the other hand, they are going to get justifiably crucified because people think of banks as places where you put your money and the banks invest the money, not bet the money. it s what s happened here. this is exposed a larger rift in financial services that everyone knew was there. now, it s plain to see on the front pages of every paper, banks bet money instead of investing money. it s been going on for years. the movement of money is complex, hard to understand by people like us. i think it s hard to understand by people in the banking industry. this is a vulnerable point here. no doubt about it. there are a lot of people on wall street that think romney will be better for the economy because he s one of them.

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