… give or take
// The FT runs an interesting piece today advocating a three-way split for financial institutions. Rather than the simpler two-way division between investment and commercial banking that many, including the Bank of England’s Mervyn King, have proposed, a three-way division would allow for the separation not just of the “casino” (investment banks, market makers) from [...]
// Well, as if on cue, just as I finished writing my previous post on the lack of effective action or reflection on the part of our political “leaders” vis-à-vis the economic crisis, the New York Times reports that Obama and the Democrats are considering legislation to rein in institutions that are “too big to [...]
// When it comes to the current economic crisis, conservatives and Republicans argue (stupidly) that it resulted from excessive state intervention in the economy, with the government forcing banks to lend to people who couldn’t afford it. Meanwhile, liberals and Democrats argue (stupidly) that it resulted from the “Bush economic policies” whatever that means. Listening [...]
