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 ‘thomas hoenig’
Virtually All Independent Financial Experts Say that the Size of the Big Banks Is Hurting the Economy
January 11th, 2011 |
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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 …
The Fed’s New Round of Quantitative Easing Is Like Trying to Patch Leaking Pipes by Pumping in More Water
August 11th, 2010 |
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Bernanke announced additional quantitative easing yesterday, primarily in the form of buying treasuries to monetize the U.S. debt.Jeff Harding points out that those worried about deflation within the Fed won out over the scared-of-inflation camp:The Fe…
No Wonder the Outlook for the Economy is “Unusually Uncertain” … the Fed is Killing It
July 21st, 2010 |
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Fed Chairman Ben Bernanke testified today that the outlook for the economy is “unusually uncertain”.That’s not surprising.Nothing has changed since I made the following points last December.High-Level Fed Officials Slam BernankeFed Vice Chairman Donal…
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…
Questions for Bernanke’s Senate Confirmation Hearing
December 1st, 2009 |
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The Senate Banking Committee will be chatting with Ben Bernanke this Thursday to vote on his reappointment.Demand that the Committee ask the following questions for our esteemed Esteemed Chairman (and contact your own Senators also and demand that they…
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…