Tag Archives: glass steagall

Mnuchin Says No to Deconsolidation

Testifying before the Senate Banking Committee today, the treasury secretary told Senator Warren that a 21st Century Glass-Steagall would not break up big banks. In fact, Steve Mnuchin explained, a break up would reduce liquidity in financial markets. Illiquidity in … Continue reading

Posted in Political-Economy and Philosophy | Tagged , , , , , , , , , , , , | Leave a comment

Banking with Interest

(Maintaining Reformulation of the “Big Risk”) Banking interests say reforming regulations should go slowly. Big banks don’t like Dodd-Frank’s capital-reserve requirements. The requirements are linked to “safety and soundness” (the “big risk”) since we do not have Glass-Steagall anymore. Not … Continue reading

Posted in Political-Economy and Philosophy, Uncategorized | Tagged , , , , , , , | Leave a comment

Summers’ Chill

A Randian takes an early Fall. It’s about time!… It looks like there is a tendency to go with what has worked in the past, using Clinton’s PWG, loaded with Randians. Maybe we should let Joe build a VPWG composed … Continue reading

Posted in Political-Economy and Philosophy | Tagged , , , , , | Leave a comment