Tag: banks

Sacrificing Too Much for Safety

Over the last several days Occupy protests have been raided and broken up by police across the country. Mayors and Municipalities are claiming they need to shut down the protests because of concerns over safety. Mayor Bloomberg was stupidly bold…

My Rule by Fiat: Jobs

I had a long and great discussion with my elder cousin an experienced banker about what I’ve been writing here and finally he asked me the question that ultimately comes up if like me you’ve spent a good amount of…

Do we still need banks?

The Huffington post is getting a lot of attention for their coverage of the ongoing lobbying battle royal between the biggest retailers (i.e. Walmart, Home Depot, Target etc.) and the nations top banks. What has these two big corporate interests…

Free Market Fallacy

One of the frequent topics of conservatives and libertarians is the notion of market freedom. The idea is often expressed with longing. Take for example the discussion of the 2008 credit crisis. The story is often told how Fannie mae…