Tag Archives: banking system

Crony capitalism at the heart of the financial system

Written by Chris F. Masse on December 17, 2009 — Leave a Comment

“Simon Johnson, an economist at the prestigious Peterson Institute in Washington, DC, [] has been leading the argument against overmighty banking.”
Simon Johnson @ Wikipedia
Simon Johnson’s blog = The Baseline Scenario – PageRank 8/10 – Wow.

Posted in Economics, Ethics, Finance, Financial Markets, The Global Economy | Also tagged banking, banks, Baseline Scenario, crony capitalism, economist, economists, economy, Finance, financial crisis, Financial Markets, financial system, Simon Johnson, The Baseline Scenario, US banks

Bankers’ bonuses have less to do with rational incentive mechanisms than with the fact that bankers have power.

Written by Chris F. Masse on December 4, 2009 — Leave a Comment

“It’s a form of legal extortion.”

Posted in Ethics, Finance, Politics | Also tagged bankers, banks, bonuses, Finance, Financial Markets, legal extortion, speculation

Auditing the Federal Reserve — Ron Paul style

Written by Chris F. Masse on December 1, 2009 — 2 Comments

Posted in Finance, Financial Markets, The Global Economy | Also tagged audit, auditing, banks, Ben Benanrke, central banks, creating money, deflation, economic crisis, economy, Federal Reserve, financial crisis, gold, government bonds, inflation, laws, loans, monetary policy, Money, money supply, public deficit, public spending, Regulations, Ron Paul, US banking system, US central bank, US Congress, US currency, US dollars, US economy, US financial crisis, US government, US monetary policy, US money supply, US public deficit, US Treasury

Has the U.S. made the right decisions during the recession?

Written by Chris F. Masse on November 21, 2009 — Leave a Comment

A variety of economists say that economic stimulus legislation is helping an economy in free fall a year ago to grow again and shed fewer jobs than it otherwise would. – NYT

Posted in Finance, Politics, The Global Economy | Also tagged America, banks, economy, global economy, recession, TARP, United States Of America, US banking system, US banks, US dollar, US economy, US government, US public spending, US recession

Banks should be made smaller to minimize systemic risk.

Written by Chris F. Masse on November 19, 2009 — Leave a Comment

Prospect magazine carries an essay by Jonathan Ford (comment editor at Reuters) on “too big to fail” — How To Shrink The Banks.
The conclusion:
If these measures were fully implemented, the result should be that banks would become smaller again. For if the costs of being big outweighed the benefits, then bank executives would be under [...]