Posted on 06 April 2010. Tags: Bank Tax, Chris Dodd, Community Banks, Federal Reserve Board, Financial Reform, Gordon Brown, Paul Krugman
Some random notes on the debate over reforming the financial system. The Brits continue to lead the charge on the bank tax–perhaps driven by the fast-approaching elections in which, if you believe the polls, the ruling Labor Party is going to lose its governing majority…perhaps a harbinger of things to come here. So, Gordon […]
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Posted in General Interest
Posted on 16 March 2010. Tags: Chris Dodd, Community Banks, Federal Reserve Board, Financial Reform
Chris Dodd has put his regulatory reform bill on the table. Bottom line: it is, at best, average–and certainly does not do what needs to be done to remake the rules of the economy. The biggest flaw, in my opinion, is giving the Federal Reserve Board more power, particularly placing consumer protection in […]
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Posted in General Interest