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    Economics / banking, bankruptcy, Bernanke, Citibank, Federal Reserve Board, loan losses, nationalization, regulation, Tier 1 Capital /

    Break Up The Banks: Part 3 … Phew

    October 23, 2009

    I didn’t realize that when I first wrote about this issue I was plunging into so deep a pool. I knew that it was a hot topic, but the amount of time and space being devoted to it are, to say the least, extraordinary. Today’s edition brings two major players into the game: Martin Wolf, […]

    Economics / commercial real estate, consumption, deficits, GDP, home prices, jobs, recession, recovery, stimulus, unemployment /

    Today’s News

    October 22, 2009

    Nothing in the flow of reports alters the view that the economy has begun to recover, even though that recovery will be a very hollow experience for most people. A recovery without job opportunities is both inadequate and, ultimately, self limiting. “Start lobbying for more stimulus. We need it” So to the bits and pieces […]

    Economics / bailouts, banking, Citibank, Federal Reserve Board, Goldman Sachs, monetary policy, moral hazard, regulation /

    Break Up The Banks: Part 2

    October 22, 2009

    My my. The heat has turned up around this issue. Maybe there’s something in it. As I wrote yesterday I am a firm believer in reducing the scale of our banks. In a nutshell my view is premised on the ability big banks have to destabilize the economy and on their associated ability to exert […]

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