According to Thomas Hoenig, reporting in the FT 8/20/13, a Vice Chairman of the FDIC, ” recent research found no evidence that higher bank capital leads to lower volumes of loans over the long run. ” Given the magnitude of the Financial Crisis of 2008; does anyone really believe that greater capitalization of the … More PUBLIC ADVOCACY: The Financial Times: Safe Banks/Economic Growth
This article in the NY Times DealBook captured my attention. /” Overhaul of Israel’s economy has lessons for the United States. ” There are lessons to be learned, though the scale of Israel’s problem never reached the level of inequality seen in the United States; it is a cautionary tale. “Per Steven Davidoff, of the … More PUBLIC ADVOCACY: One Nation’s Pyramid is another’s Cartel
Decrease the Banking Sectors proportion of the GDP and Create Jobs. Banks and Bank” like structures” account for 60% of the GDP. With the new accounting rules, we’ve been fooled into believing the unemployment rate has decreased. But it’s not true! Wall Street and equities have skewed the numbers and these calculations have nothing … More PUBLIC ADVOCACY: Regulate Banks and create JOBS!
Gretchen Morgenson, NY TIMES 1/5/14, A roadblock to brawny Bank Reform. The need for tougher Capital Rules. ” It is unclear why the Fed is stalling on the leverage ratio to be maintained to prevent risk and create a Bank capital cushion that frees the public from another bailout? “Basel 3 will not be implemented … More PUBLIC ADVOCACY: The need for Bank Capitalization and Regulation
Thoughts on changes for the New Year./ The ” Honey Trap” beware an increased Social Safety Net without the Benefit of Regulation. You don’t want one without the other. I’ ll tell you why? 1. Thoughts on Regulations; obscure, redundant , costly except where they need to be strengthened. Like Dodd Frank, a waste of … More PUBLIC ADVOCACY: Thoughts on changes in the new year: Social Safety Net & Regulations, etc
I listened to a Conversation with Peter Orszag, Conducted By The Atlantic’s Interviewer Steve Clemons ( Washington’s Editor at large) After listening and asking questions, I thought there’s lot’s to worry about. We’ve got brilliant self promoting kids, dazzling us with their brilliance and what do they know, they know numbers. They know algorithms … More PUBLIC ADVOCACY: A Conversation with Peter Orszag
The facts, behind the Bi- Partisan/ Bah Humbug Post! The Volcker rule. Has been Implemented. 5 different regulators , 5 different interpretations. In this case , “nothing would have been better then something.” August Wilson‘s words to live by! They did worse then nothing they presented the appearance of having done something. Which is Bad … More PUBLIC ADVOCACY: The facts behind the Bi-partisan agreement