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Category Archives: Recession busters…

Time to dismantle the banks

Repost from George Washington’s blog… ~~~ “On March 3rd, Richard Fisher – President of the Federal Reserve Bank of Dallas – told the Council on Foreign Relations: A truly effective restructuring of our regulatory regime will have to neutralize what I consider to be the greatest threat to our financial system’s stability—the so-called too-big-to-fail, or TBTF, […]

13 bankers and too big to fail

March 30 (Bloomberg) — Simon Johnson, a professor at the MIT Sloan School of Management, talks with Bloomberg’s Matt Miller about his new book “13 Bankers: The Wall Street Takeover and the Next Financial Meltdown.” From Publishers Weekly Though this blistering book identifies many causes of the recent financial crisis, from housing policy to minimum […]

Opening muni

Brilliance is so exciting… Welcome to OpenMuni By Philip Ashlock A tool for facilitating collaboration and cataloging case studies, best practices, and standards for open data and open source on the local level. OpenMuni is a resource to spread knowledge and connect localities to better provide open channels of information to improve quality of life, increase […]

Michigan

California bankruptcy ruling a precedent for Detroit Public Schools The Detroit News, July 31, 2009 Detroit — Detroit Public Schools, facing a $259 million deficit and diminishing cost-cutting options, has a recent California court ruling on its side as officials weigh Chapter 9, experts say. Chapter 9, a rarely used form of municipal bankruptcy, could […]

Rationalizing consumer protection

The Huffington Post has a visual aid, put together by the  Consumer Federation of America,  that shows how a Consumer Financial Products Agency would consolidate the federal laws that relate to retail products… Click on the image for a larger version…

The world is running out of fiscal space

This is what global hot money sounds like… or put differently the “globalization of capital flows”… moving funds between asset classes and currencies to take advantage of changes in valuations and relative returns. Does this type of financial activity add to nation’s wellbeing or does it just represent a “skimming” of a  nation’s productive capacity? […]

Populism VII

Repost from the Heritage Foundation blog… imagine… the idea of “servant leadership“… ~~~ Yesterday’s Rasmussen poll reveals what anyone who has been watching the news for the past year already knows — Americans are angry. They are angry at their government and its failures to provide solutions to the current problems. According to today’s poll, […]

Populism VI

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c Elizabeth Warren www.thedailyshow.com Daily Show Full Episodes Political Humor Health Care Crisis Elizabeth Warren, chairman of the Congressional Oversight Panel, explains the kabuki going on in the Senate over financial reform to Jon Stewart of the Daily Show … she says write your […]

Populism IV

Repost from the Huffington Post: New Mexico House Votes 65-0 To Move State’s Money To Credit Unions, Community Banks ~~~ “New Mexico’s House of Representatives voted Monday to pass a bill that allows the state to move $2 billion – $5 billion of state funds to credit unions and small banks. The municipal funds bill was […]

Populism III

From the Huffington Post news of 89 year old women tossing her virginity in her fight against the credit lending practices of the card companies…. ~~~ John Clinton Tuttle of Seattle, Wash. is waging guerrilla warfare against high interest rates and other depredations of the credit card industry. He’s literally sticking it to ’em — […]