11 Facts You Need To Know About The Nation’s Biggest Banks - By Pat Garofalo (14/10/11) PDF Print E-mail
Pat Garofalo   
Friday, 14 October 2011 12:27

ThinkProgress

The Occupy Wall Street protests that began in New York City more than three weeks ago have now spread across the country. The choice of Wall Street as the focal point for the protests — as even Federal Reserve Chairman Ben Bernanke said — makes sense due to the big bank malfeasance that led to the Great Recession.

While the Dodd-Frank financial reform law did a lot to ensure that a repeat of the 2008 financial crisis won’t occur — through regulation of derivatives, a new consumer protection agency, and new powers for the government to dismantle failing banks — the biggest banks still have a firm grip on the financial system, even more so than before the 2008 financial crisis. Here are eleven facts that you need to know about the nation’s biggest banks:



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Occupied By Government - By Rod Rojas (12/10/11) PDF Print E-mail
Rod Rojas   
Wednesday, 12 October 2011 09:08

Mises Daily 

I have to say that I share most — if not all — the goals of the honest Left, which would be embodied in a constantly rising standard of living for the lowest economic classes. I often find myself watching Democracy Now for its antiwar, free-speech, and anti-death-penalty stances. But the big problem with the honest Left is their absolute and obstinate refusal to learn the most basic economic principles. The "Occupy Wall Street" movement is no different, and it is a real pity that all this energy and frustration can't be put to use toward achieving their goal.

Many demands are being made, but sadly, if these were ever implemented, they would make problems worse by lowering the standard of living for all — especially for the poor! I will proceed to address some of the demands in plain English, hoping to reach out to them.



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Fiat Money And The Euro Crisis - By Robert P. Murphy (11/10/11) PDF Print E-mail
Robert P. Murphy   
Tuesday, 11 October 2011 09:28

Mises Daily 

In September I participated in the amazing Supporters Summit, held at the prestigious National Academy of Sciences in Vienna, where Eugen von Böhm-Bawerk once lectured. After my visit to Austria, I piggybacked an excursion to adjacent Slovakia where I was surprised to discover a large number of fans of the Mises Institute and Ron Paul.

Peter Gonda, working through the Conservative Economic Quarterly Lecture Series, had arranged for me to give a lecture, "Money and Banking: the State vs. Market," to two different audiences. My lecture itself was quite theoretical, discussing the Mengerian/Misesian perspective on the development of money and banking, as well as the Rothbardian perspective on the dangers of central banking and fiat money.



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Bank Of England Hits The Panic Button - Who Was It Who Said That QE – Printing Money By Another Name – Is The Last Resort Of Desperate Governments, When All Other Options Have Failed? - By Jeremy Warner (11/10/11) PDF Print E-mail
Jeremy Warner   
Tuesday, 11 October 2011 09:23

The Telegraph, UK

As Labour's Ed Balls gleefully points out, it was indeed George Osborne, the current Chancellor. It is the sort of thing politicians say in opposition and then bitterly regret when they get into government and have to take the decisions.

Yet in a sense, his words are even truer today than they were then. You wouldn't choose further to expand the Bank of England's purchases of government debt unless you were desperate, and all other options had been exhausted. The Chancellor condemned it then; now he welcomes it.

Since nominal interest rates are already as low as they can realistically go and the Government has, rightly, ruled out easing back on deficit reduction - more QE is about the only thing left in the locker as the world slides, inexorably, towards depression.



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Not Feeling Good, Inspite of the "Feel Good" Budgets By The Barisan Nasional Government And The Opposition Pakatan Rakyat Coalition - By Matthias Chang (10/10/11) PDF Print E-mail
By Matthias Chang   
Sunday, 09 October 2011 15:19


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Last Updated on Monday, 10 October 2011 07:27
 
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