Here’s my updated list of top financial experts saying that the giant banks are too big, and that their very size is hurting the economy:Nobel prize-winning economist, Joseph StiglitzNobel prize-winning economist, Ed Prescott Nobel prize-winning econom…
Posts Tagged ‘Sheila Bair’
Virtually All Independent Financial Experts Say that the Size of the Big Banks Is Hurting the Economy
January 11th, 2011 |
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Instead of Actually Stabilizing the Economy By Reining In the Giant Banks, Governments Just Launching More Faux Stress Tests as a P.R. Stunt
November 30th, 2010 |
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The big banks caused the financial crisis, and are continuing to drag the world economy down the into a black hole. So what are the governments of the world doing to address this core problem? Breaking up the giant banks? Nationalizing them? Holding …
Instead of Actually Dealing With Rampant Mortgage Fraud, Fed Orders More Faux Stress Tests
November 24th, 2010 |
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Well-known British economic writer Jeremy Warner said yesterday that the European stress tests were a sham:European stress tests weren’t worth the paper they were written on …Most of us said at the time that the tests had been designed for banks to …
We Can Fix America If We Focus on What ALL Americans – Liberals AND Conservatives – Want
November 19th, 2010 |
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While there are some things that liberals and conservatives will never agree about, there are many things that we already all agree on. Knowing the many things we agree to empowers us, because it helps get us away from the distractions so that we can …
Forbes World’s Most Powerful Women 2010
October 7th, 2010 |
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First Lady Michelle Obama is the World’s Most Powerful Women, according to the latest ranking from Forbes Magazine. This year’s list of the Most Powerful Women on Earth brands singer Lady Gaga more powerful than the woman who is second-in-line to the US presidency, House Speaker Nancy Pelosi. Mrs. O joins media moguls Oprah Winfrey [...]
Banking Industry Insiders Call for Breaking Up Giant Banks
April 7th, 2010 |
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Virtually all independent financial experts are demanding that the too big to fail banks be broken up, including:Nobel prize-winning economist, Joseph StiglitzNobel prize-winning economist, Ed PrescottFormer Secretary of Labor, Robert Reich Chairman of…
Dodd’s Financial “Reform” Bill Is Nothing but a Placebo for a Very Sick Economy
March 30th, 2010 |
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On March 3rd, Richard Fisher – President of the Federal Reserve Bank of Dallas – told the Council on Foreign Relations:A truly effective restructuring of our regulatory regime will have to neutralize what I consider to be the greatest threat to our fin…
FDIC Votes 3-2 to Limit Banker Compensation
January 12th, 2010 |
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A source in Washington just emailed the following:Today, the FDIC voted 3-2 to accept comments on a proposed rule to link FDIC insurance premiums to executive compensation practices. The two no votes were Comptroller John Dugan and OTS Chief John Bowm…
FDIC Votes 3-2 to Limit Banker Compensation
January 12th, 2010 |
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A source in Washington just emailed the following:Today, the FDIC voted 3-2 to accept comments on a proposed rule to link FDIC insurance premiums to executive compensation practices. The two no votes were Comptroller John Dugan and OTS Chief John Bowm…
Government Is Trying to Make Bailouts for the Giant Banks PERMANENT
October 28th, 2009 |
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On September 25th, I wrote:Paul Volcker and senior Harvard economist Jeffrey Miron both testified to Congress this week that the government is trying to make bailouts for the giant banks permanent.Writing Wednesday in The Hill, Congressman Brad Sherma…
FDIC Head Sheila Bair Tells Protesters: “It’s Time to Put an End to the ‘Too Big to Fail’ Doctrine… No More Bailouts!”
October 27th, 2009 |
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On her way inside the Banking Convention, where she was about to deliver a speech, FDIC Chair Sheila Bair told protesters:It’s time to put an end to the ‘Too Big to Fail’ doctrine… No more bailouts, no more bailouts!This is without doubt the most imp…
More Stress Test Shenanigans
October 23rd, 2009 |
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AFP reports:The Federal Reserve will expand its so-called stress tests of the banking system to ensure they have enough capital during difficult periods, Fed chairman Ben Bernanke said Friday. Bernanke highlighted the positive impact of stress te…
Top Economists Say We Must Break Up the Insolvent Banks (Government Says Let’s Make Them Bigger)
September 11th, 2009 |
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The following top economists and financial experts believe that the economy cannot recover unless the big, insolvent banks are broken up in an orderly fashion:Nobel prize-winning economist, Joseph StiglitzNobel prize-winning economist, Ed Prescott De…
Jill Schlesinger: Has Health Care Killed Regulatory Reform?
July 24th, 2009 |
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While everyone was celebrating Dow 9000 and deliberating the potential overhaul to the US health care system, I was depressed. What has happened to regulatory…