Don’t Celebrate Obama’s New Bank Breaking Effort Yet – The Atlantic
I don’t really see too many incredibly negative consequences stemming from the plan, and if done properly some of it might really help. But there are a few things to think about here.
A few thoughts on the Great Depression – Tim Iacono
While the Federal Reserve isn’t credited with doing all that much from the time that it was founded in 1913 until after World War I, that changed in a big way in the 1920s. As recounted in great detail by Rothbard, continuous “inflationary” policies by Chairman Benjamin Strong from the early-1920s up until about 1928 played a key role in the crash.
A closer look at the Volcker rule – Felix Salmon
There are two big questions overhanging the Volcker/Obama announcement yesterday: will it be enacted, and if it is, will it make any difference.
With Populist Stance, Obama Takes On Banks – The New York Times
In announcing his proposals Thursday at the White House, Mr. Obama said if the financial industry wanted a fight over new restrictions, it was a fight he was ready to have.
Treasury Weighs Fixes to Foreclosures Program – The New York Times
The Obama administration plans next week to revamp its $75 billion program aimed at sparing homeowners from foreclosure, streamlining the documents required of borrowers seeking lowered payments, according to financial industry executives and others who have met in recent days with Treasury officials.
Everyone Wants a Piece of the Banks – BusinessWeek
Shareholders are clamoring for higher dividends. Borrowers want more loans. And the Obama Administration is trying to levy a new tax
