The Radford Free Press – Page 421 – All life is problem solving.

Those Banking Levies

January 12, 2010

Just a very short note on the reaction to the levy on the banking industry being proposed by the administration. They are a good thing. The hysteria in the financial media should be ignored. Yes: the levies are a tax. Excellent. Banks rent seek by exploiting the safety net we provide for their own private […]

Economics / bailouts, banking, financial system reform, Obama /

Banking: Where’s The Anger?

January 12, 2010

Wow, banking lives a charmed life. Not eighteen months have past the gambling the big banks undertook in the mid 2000’s sank the economy, but there they all are getting ready to pay our fat bonuses. Don’t we all wish we could live like that? So even as the ‘real’ economy still sheds jobs, over […]

Economics / Angelides, banking, Financial Crisis Inquiry Commission, Goldman Sachs /

Banking Reform: The Work Begins?

January 10, 2010

This week brings the beginning of the Financial Crisis Enquiry Commission’s public hearings. This body was set up early last year to investigate the origins and consequences of the bank implosion that brought our economy to its knees. The Commission’s chairman is Phil Angelides a former treasurer of California. He promises a thorough and illuminating […]