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

Evil is measured by relative degrees of harm.

Evil is measured by relative degrees of harm. To be delivered from evil  is to be  free from receiving or inflicting abuse.  Bully...