1/4/12

Economic hard sense that all should heed

Bring Back Boring Banks - NYTimes.com:

"... governments should fully guarantee all bank deposits — and impose much tighter restrictions on risk-taking by banks. Banks should be forced to shed activities like derivatives trading that regulators cannot easily examine.

The Dodd-Frank financial reform act of 2010 did nothing to secure large deposits and very little to curtail risk-taking by banks. It was a missed opportunity to fix a regulatory effort that goes back nearly 150 years."

'via Blog this'

The Cap Tip Club - note to friends and followers

RECCMENDATION Richard Gordon Quantum Touch

The Slow as Molasses Press