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Tag Archives: banks
Bank Loans Grow to Post-Recession Peak: U.S. GDP Growth Expected
Good news. Lending by U.S. banks has grown to a post-recession peak, supporting an expected growth in GDP, according to an article in Bloomberg. “Borrowing is the best indicator out there for future growth. If you see the demand to … Continue reading
Misplacing the Blame for Budget Problems: The False Narrative
The Economist View explains the false narrative of budget problems: “Bankers, with the help of their purse string controlled puppets in government, have been able to successfully blame our budget problems on social insurance and other government spending they oppose. … Continue reading
Posted in Economy, Government, Taxes
Tagged banks, banksters, budget, debt, deficit, entitlements, false narrative, housing policy, Medicare, private sector, public sector, recession, revenue, Social Security, tax cuts, taxes, wars
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Yardeni: Banks are the Achilles’ Heel of Capitalism
Noted economist, Edward Yardeni, President and Chief Investment Strategist of Yardeni Research, is not supportive of the ‘too big to fail’ banks. As he explains in Barron’s, “banks are the Achilles’ heel of capitalism.” “The problem with banks is that … Continue reading
Posted in Economy, Government
Tagged banks, capitalism., deregulation, Dodd-Frank, economy, finance, recession, regulation, risk, too big to fail
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Titans of Banking, Economics and Finance Call for Breakup of ‘Too Big to Fail’ Banks
The Big Picture compiled an impressive list of noted titans in banking, economics and finance calling for the break up of ‘Too Big to Fail’ banks. “The following bankers are calling for the big banks to be broken up: -Former … Continue reading
Posted in Economy, Government
Tagged banks, deregulation, Dodd-Frank, economy, government, recession, regulation, risk, too big to fail
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‘Too Big to Fail Banks’ are Much Bigger
Neil M. Barofsky, the special inspector general of the Troubled Asset Relief Program (TARP), observes, “The top banks are 23 percent larger than they were before the crisis. They now hold more than $8.5 trillion in assets, the equivalent of … Continue reading
Posted in Economy, Government
Tagged banks, deregulation, Dodd-Frank, economy, government, recession, regulation, risk, TARP, too big to fail
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Former Citigroup Chairman: Separate Investment Banking from Banking
Guess who’s added his name to the growing list of notable people suggesting that investment banking needs to be separated from banking? No less than former Citigroup Chairman and CEO Sanford Weill this morning on CNBC’s “The Squawk Box.” “What … Continue reading
Posted in Economy, Government
Tagged banks, break up, economy, Glass-Steagall, investment banking, risk, taxpayers, too big to fail, Volcker Rule
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Study: Global Most Wealthy Have at Least $21 Trillion Hidden in Secret Offshore Tax Havens
I’ve been sitting on the following study for a few days to see if it came under severe criticism. So far I haven’t seen any debunking of the study. The findings of this study are incredible. The study contends that … Continue reading
Posted in Economy, Government, Inequality, Socio-economic Status, Taxes, Wealth
Tagged banks, debt, deficit, deficit-reduction, economy, government, inequality, offshore, revenue, socioeconomic status, tax havens, tax shielding, taxes, top 1 percent, wealth
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A Must Read: “Failing to Break Up the Big Banks is Destroying America”
Barry Ritholtz has written a very compelling and scary article on the “Too Big to Fail” banks. I highly recommend it. I place the article in the “must read” category. His article has six major, well-documented, sections: The Size of … Continue reading
Posted in Economy, Government
Tagged banks, crime, depression, Dodd-Frank, economy, financial crisis, financial stability, fraud, recesstion, regulations, regulatory reform, risk, too big to fail
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Canada’s Banking System Helped Canada Surpass the U.S. in Wealth
I forgot to mention in the blog dealing with Canada and 16 other countries surpassing the U.S. in wealth that one of the reasons for Canada’s positive economic growth is Canada escaped in relative terms the great U.S. banking crisis. … Continue reading
Posted in Economy, Wealth
Tagged banks, Canada, economic growth, economy, regulation, wealth
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