The Radford Free Press – Page 447 – All life is problem solving.

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 […]

Economics / Alan Greenspan, bailouts, banking, Federal Reserve Board, Geithner, interest rates, Mervyn King, monetary policy, Paul Volcker, regulation, stress tests /

Break Up The Banks

October 21, 2009

When it comes to bank reform the Obama administration has constantly rejected any action that might be construed as radical. This is despite the radical nature of the problem. The crisis last year exposed to all of us just how vulnerable the entire economy is to the peculiar and often predatory activities of the country’s […]

Economics / Bernanke, consumption, deficits, dollar, exports, Federal Reserve Board, imports, stimulus /

Bernanke Maps The Future

October 19, 2009

In a speech given yesterday Ben Bernanke gave us a few hints about the future of the world economy. Unfortunately most of his commentary is similar to speeches given throughout the years by other American officials. The main story line deals with ‘imbalances’. This is central banker speak for the really big deficits or surpluses […]