“They’re going for the big win every single time,” even when safe bets would have won them more juice overall.
When a monkey won big, brain cells in this area got really active. They take big risks just to keep the game interesting.
Scientists at Johns Hopkins have identified a brain region in monkeys that influences their desire to take big risks. When this area is inactivated, the monkeys tend to hedge their bets.
ARE HUMANS ON WALL STREET ANY DIFFERENT THAN HOT BRAIN MONKEYS?
Experiments with two gambling monkeys have revealed a small area in the brain that plays a big role in risky decisions. When researchers inactivated this region in the prefrontal cortex that’s involved in eye movements, the rhesus monkeys became less inclined to choose a long shot over a sure thing.
WE’VE LEARNED THAT NOTHING CHANGED
Four Critical Changes Needed to Make Wall Street Work for America Again
Last Thursday the Securities and Exchange Commission (SEC) issued a statement regarding a new $10.5 million fine against Citigroup. The statement read: “Citigroup’s lax supervision and weak internal accounting controls allowed a handful of rogue traders to mismark positions over several years and, separately, resulted in […]
Senator John McCain Wanted to Restore the Glass-Steagall Act: Here’s Why Democratic Senator Elizabeth Warren and Republican Senator John McCain as the leading co-sponsors on the same piece of legislation.
MIT Professor: Big Banks Are Using Data Profiling to Prey on Unsophisticated
The Kansas City Fed’s annual symposium in Jackson Hole is typically a dry affair with central bankers and economists expounding on theories that are incomprehensible to the average working person — whose focus is on making their monthly mortgage payment, saving for their children’s college tuition […]
The Fed’s “Supervision” of Wall Street Has Made It More Dangerous The Dodd-Frank financial reform legislation was signed into law on July 21, 2010 as the U.S. was still reeling from the aftermath of the epic 2008 Wall Street crash and economic meltdown. In addition to giving the Federal Reserve enhanced powers to supervise the behemoth bank holding […]
The Chorus Grows for the Fed to Buy Up Stocks in the Next Wall Street Crisis
There is now a growing chorus of people trying to legitimize the U.S. central bank, the Federal Reserve, having the option of buying stocks in the next financial crisis. This is such a stunning and dangerous development that it deserves to be on the front page.
JPMorgan Is Thinking Pitchforks and Fed Stock Buying in the Next Financial Crash
If you thought the U.S. outlook could not get any more dystopian, think again. JPMorgan Chase issued a report earlier this week to mark the 10th anniversary of the 2008 Wall Street crash and provide its outlook for what’s ahead.
Bernanke, Geithner, Paulson: The Fed Should Be Able to Make Secret Trillion Dollar Loans Again There seems to be a growing amount of concern these days about another epic financial crash on Wall Street.
September 19, 2018 ~ Last Friday, the Securities and Exchange Commission issued a 372-word press release that carried the title SEC Charges Citigroup for Dark Pool Misrepresentations. Buried within that press release was a brief sentence casually mentioning that a division of Citigroup had “failed to register as a national […]
There’s a New Bible Out for Defeating the Trump Era and Its Corporate Masters
President Donald Trump, who ran on a fiercely populist platform of helping the little guy, infused his administration from the get-go with lawyers and executives connected to the fossil fuels conglomerate, Koch Industries, and/or front groups funded by its two majority owners, billionaires Charles and David Koch. Now a step-by-step guide has been published on how to defeat the new-age robber barons, the corporate structure that made them billionaires while leaving workers with crumbs, and the enshrined political system that marches to the crack of their unaccountable whip.
WALL STREET BANKS ARE THE 800 POUND GORILLA THAT WANTS TO EAT HUMANS.