Tag Archive | "Federal Deposit Insurance Corporation"

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LibertyWeek 35: Dodd Man Out?

LibertyWeek 35: Dodd Man Out?

Your hosts Richard Morrison and Cord Blomquist welcome back special guest co-host Michelle Minton for Episode 35 of the LibertyWeek podcast. We begin with a celebration of human achievement and a peek into the realm of secret government documents. We then investigate how the White House is going to waste another $1 trillion of your money and how the British beer tax has managed to kill off 20,000 jobs. Finally we focus on the history of the scandal-addled Sen. Dodd of…

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Why Not a Wal-Mart Bank?

Why Not a Wal-Mart Bank?

Seems like every business these days is becoming what’s called a “bank holding company” — seeking the shelter of the federal government’s deposit insurance and the ability to balance risks with more diversified lending and consumer deposits. Firms quickly granted “bank holding company” approval from authorities over the past few months range from the brokerages Goldman Sachs and Morgan Stanley to credit card company American Express.

So many businesses are suddenly getting BHC approval that columnist and blogger Michelle Malkin has…

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Posted in Bailout Watch, Economy, Legal, Politics as Usual, Precaution & Risk, RegulationComments (2)

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Another bad bailout idea — raising deposit insurance cap is regressive and counterproductive

As the Wall Street crisis has expanded, politicians are falling all over themselves arguing on behalf of the “little guy” against “fat cats.” But in reality, the main elements of “rescue” plans receiving a bipartisan push would represent a massive transfer of wealth from little guys and gals to fat cats’ pockets.

First, there was Treasury Secretary Hank Paulson’s $700 billion bailout the House defeated on Monday, but to be revived in the Senate as early as Wednesday night. Then there…

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Investing in Communal Failure: The Current Economic Crisis as a Result of Regulation

Unfettered greed is the suspect many point at to explain the current economic crisis. To some extent, they are right, but it isn’t irrational greed on the part of bank managers or fat cat CEOs. It is the unwieldy bank regulations that forced the entire industry to walk the proverbial plank and then blame it for drowning.

Critics have alternately claimed that over-regulation and under-regulation are the causes for the current crisis. I believe one specific regulation, the Community Reinvestment Act…

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Posted in Bailout Watch, Economy, Precaution & RiskComments (11)

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