Sound Banking

Wednesday, June 30th, 2010
"This book tells how money has conferred power and profits to those in positions to monopolize its production, abuse their power, and ultimately destroy the value of the nation's economy. It tells why government has not and will not -- because it can not -- preserve the value of your money.
Wednesday, June 30th, 2010
"Evidence that the current Administration is taking a different tack on economic policy was abundant at the recent Group of 20 (G-20) meetings in Toronto. The European governments, led by Germany, were arguing for deficit and debt reduction while the U.S. was resisting attempts to rein in spending.
Wednesday, June 30th, 2010
"I, Pencil, simple though I appear to be, merit your wonder and awe, a claim I shall attempt to prove.
Wednesday, June 30th, 2010
"The administration's stimulus program has failed. Growth is slow and unemployment remains high. The president, his friends and advisers talk endlessly about the circumstances they inherited as a way of avoiding responsibility for the 18 months for which they are responsible.
Tuesday, June 29th, 2010
"February 2007 February 27, 2007 | Freddie Mac Press Release The Federal Home Loan Mortgage Corporation (Freddie Mac) announces that it will no longer buy the most risky subprime mortgages and mortgage-related securities. April 2007 April 2, 2007 | SEC Filing
Monday, June 28th, 2010
"A summary of the Dodd-Frank Wall Street Reform and Consumer Protection Act, released Saturday by the House Financial Services Committee. The legislation is expected to come before Congress next week for a final vote. 1. Dodd-Frank Wall Street Reform and Consumer Protection Act
Friday, June 25th, 2010
"Those looking for clear winners and losers after the conference committee struck a historic final agreement early Friday on regulatory reform legislation are bound to be frustrated.
Thursday, June 24th, 2010
Kansas City Fed President Thomas Hoenig is a lone dissenter at the Federal Open Market Committee (FOMC)--the central bank's main policymaking body.
Wednesday, June 23rd, 2010
"Senate negotiators will probably offer changes today to the financial overhaul bill to soften the Volcker rule by allowing banks to sponsor hedge funds and invest their own money, within limits, alongside that of clients.
Wednesday, June 23rd, 2010
"Stocks wavered early Wednesday as investors awaited word from the Federal Reserve on its latest interest-rate decision and the outlook for the U.S. economy.
Wednesday, June 23rd, 2010
"Now, in The Housing Boom and Bust (Basic Books), Sowell contemplates the greatest expansion of government power in a generation, which was itself occasioned by the greatest economic crisis in as long.
Tuesday, June 22nd, 2010
"Federal Reserve officials could express more caution about the U.S. economy's recovery after their meeting this week, giving them additional reason to keep short-term interest rates close to zero for a while.
Friday, June 18th, 2010
"In late 2008, with the financial crisis rippling through the global economy, China's leaders embarked on a two-year, $586 billion spending program to try to stave off a recession and keep the Chinese economy growing.
Thursday, June 17th, 2010
Spain was hit hard by the financial crisis. Like the U.S. and the UK, Spain experienced high capital inflows and rapidly rising housing prices in the years leading up to the crisis. And like the U.S. and the UK it is now stuck with a struggling banking sector and bloated public finances.
Thursday, June 17th, 2010
"The current flap over the sustainability of Greece’s membership in the European Economic and Monetary Union (EMU) is reminiscent, in many ways, of the events leading up to the collapse of the Bretton Woods system—another ultimately untenable currency regime—which was put into place after World War
Wednesday, June 16th, 2010
The European debt crisis has demonstrated the painful costs of fiscal profligacy and short-sighted Keynesian stimulus.
Wednesday, June 16th, 2010
"Anna Schwartz must be the oldest active revolutionary on earth. Born in 1915 in New York, she can still be found nearly every day at her office in the National Bureau of Economic Research on Fifth Avenue, where she has been tirelessly gathering data since 1941.
Tuesday, June 15th, 2010
Chile has rebounded strongly from the global recession, in spite of the devastating earth quake that hit early in 2010.
Tuesday, June 15th, 2010
"Most credit card penalties will be limited to $25 and fees for customers who don't use their cards will be eliminated under rules released Tuesday by the Federal Reserve.
Monday, June 14th, 2010
The Gulf oil spill and the global financial crisis both demonstrate the failings of big government. Partisan politics obscures the linkage, with the consequence that each political party repeats the mistakes of the other as its turn to govern arrives.

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