Showing posts with label banking. Show all posts
Showing posts with label banking. Show all posts

Todd Zywicki: Set Visa, Master Card And Markets Free

Approve the credit card interchange fee settlement.       Last August, years of expensive litigation and a comprehensive evidentiary process culminated in a meeting of the minds among warring litigants to antitrust litigation that challenged the practice by which credit card networks set “interchange” fees (the fee paid by merchants to    ... MORE

Washington Times: Another Crony For The Cabinet

The puppet show continues.    President Obama’s choice of Hyatt hotel heiress Penny Pritzker as secretary of commerce, to be taken up Thursday by the Senate Commerce, Science and Transportation Committee, puts Democrats on the panel between that famous rock and a hard place. Like the loyal soldiers they are, the panel’s 13     ... MORE

Paul Craig Roberts: The Assault On Gold

The Federal Reserve's last stand?    For Americans, financial and economic Armageddon might be close at hand. The evidence for this conclusion is the concerted effort by the Federal Reserve and its dependent financial institutions to scare people away from gold and silver by driving down their prices. When gold prices hit $1,917.50 an    ... MORE

Thomas Sowell - Can It Happen Here?

Legalized theft in America is more subtle.     The decision of the government in Cyprus to simply take money out of people's bank accounts there sent shock waves around the world. People far removed from that small island nation had to wonder: "Can this happen here?" The economic repercussions of having people feel that their money is not safe   ... MORE

Walter E Williams: Intellectuals And Race

Who creates the greatest hurdle to blacks? After reading Dr. Thomas Sowell's latest book, "Intellectuals and Race," one cannot emerge with much respect for the reasoning powers of intellectuals, particularly academics, on matters of race. There's so much faulty logic and downright dishonesty. Many intellectuals attribute the behavior patterns     ... MORE

Jeffrey Phelps: American Police State Expanding

Government to snoop through your financial records.  A very startling report emerged Wednesday spelling out another example of the loss of ever-dwindling rights and liberties in the US. According to the report, Obama has decided to allow all US intelligence agencies the ability to “scour American's finances” and dig through the    ... MORE

Bruce Johnson's Bernanke's Cow Bell In The Night

One thing is for certain: Bernanke is committed.     But so is a one-trick pony.  However, is blind commitment to a theory a virtue or a frailty? The Federal Reserve chairman continues to push the chips out to the center of the table with both hands.  He knows that low interest rates create employment.  He is certain.  Well, pretty certain.     ... MORE

Yaron Brook: Why The Glass-Steagall Myth Persists

Lies about the free market.      The growth of government intervention over the last century was built on the back of a handful of myths. A generation ago, the dominant myth was that free markets had caused the Great Depression, a falsehood ultimately debunked by economists like Milton Friedman. Today, the key myth is     ... MORE

Ten Little-Known Consequences Of A Second Obama Term

by Matt Purple. We all know what the wrecking balls of a second Obama term will be: widespread unemployment, stagnant economic growth, enormous debt. But the consequences don't stop there. Believing in activist government means your work is never finished. You pass a new law that you think combats injustice and inefficiency. Then human nature kicks ... MORE

Nathan Vardi: Obama Win Makes Wall Street The Big Loser

Market looks to future with dread.  In October, Wall Street hosted a rich fundraiser at the Hilton New York for Mitt Romney. Hedge fund, private equity and investment banking big shots were among the nearly 200 co-chairs of the event that cost $1,000 to attend. Those who shelled out $5,000 got to leave with a photo with vice-presidential hopeful Paul Ryan,  ... MORE

John Stossel: The Clinton Myths

Here's to arrogance and delusion.   Bill Clinton got rave reviews for his speech at the Democratic National Convention. My wife said: "Clinton was great. He made Republicans look like liars and losers." Clinton, now a sainted elder statesman, also gets credit for the booming economy of the '90s. Today, he appears in an Obama commercial — in full "I feel   ... MORE

Geithner's View From The Top Of The Bubble

by Alex J. Pollock.   What a careful, informed, balanced, and intelligent discussion of risk management tells us about the high price of extreme risk. On February 28, 2006, Timothy Geithner— then president of the Federal Reserve Bank of New York and now secretary of the Treasury—addressed the topic of risk management in the U.S. financial system, in a speech ... MORE