I tend to believe that the Glass-Steagall approach, an institutional way to address the question, overlooks the importance of a market response.
The Fed should lend unsecured and in unlimited quantities to all member banks at its target interest rate, while dropping all requirements that a percentage of bank funding be 'retail' deposits.
Bernanke had to make his case that the role of the Federal is central to financial reform, and that debate starts in earnest now that the Congress and the President are returning from vacation.
Where can our floundering community banks get the capital to make room on their books for substantial new loans? An innovative answer is provided by the state of North Dakota.
Although it has survived the credit crisis, paid back the treasury in short order, and continues to make money, Goldman's future looks to be very rocky.
Health care reform suffered the torments of partisan obstruction. Now gird yourself for financial reform and the perils of bipartisan blight.
Taxing or reducing this year's Wall Street bonuses is but an irritant for bankers if they can safely hold on to the hundred's of billions paid out over the past few years of fraudulent "banking".
I wish to make clear that this is purely hypothetical. If anything like this actually happened, I was not in the room. Therefore, I ask you to consider it as purely a supposition.
Banks have been frustrating the administration's efforts of economic revival by being reluctant to lend, and the president has been complaining about it.
While it is true that Bernanke "most influenced the news during the past year," Time is embarrassingly wrong in declaring Bernanke our financial lord and savior.
A fight's a'brewin in room 538 of the Dirksen Senate Office Building... This is the committee room of the Senate Banking Committee...
Time Magazine's editors got a jump on April Fools Day when they named Fed Chairman Ben Bernanke its Person of the Year. Here's what Bernanke did sin...
How do you offend us, Goldman Sachs? Let me count the ways: nstead of investing that money to grow the economy you foster predatory lending to our more vulnerable citizens, to feed your derivative gambling.
Andrew Cockburn, producer of American Casino Pt2: From Greenspan's "faulty ideology" to today's Fed. ...
Miles Rapoport found his true calling in 2001 when he was named president of Demos, a Manhattan-based non-partisan research and advocacy organization gearing up to oppose the myriad right-wing think tanks then dominating Washington.
Imagine that the explosive printing of broad money, which has been the case since the founding of the Federal Reserve in 1913, ceased tomorrow.
One year ago, faced with the greatest financial panic in generations, the American people swallowed hard and bailed out the banks. Today, the banks have moved on, and are tearing down the currency of the nation that saved them.
Goldman Sachs has announced that its Treasury Dept. has completed a debt for equity swap with the People's Republic of China, effectively solving most of America's problems.
After taking more time off than George Bush ever did, Congress finds itself at the year's end with a whole stack of things to accomplish. Which results in a frenzy of things getting passed, or at least debated.
The House of Representatives has begun the debate on the Wall Street Reform and Consumer Protection Act. The real devil lurking in the details is the regulation of derivatives.
Bernanke has been called "the definition of moral hazard" because if he is confirmed, it will send a message to all other federal regulators that they can fall down on the job and still get promoted.
