Monthly Archives: June 2012

Hoening: reinstating Glass-Steagall is “absolutely necessary”

No sweeter words have been spoken in the last 13 years than this lucid conversation with Thomas Hoenig, director of the Federal Deposit Insurance Corporation, talking about his proposal to reinstate the Glass-Steagall Act and regulation of the financial industry. … Continue reading

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Good discussion on where Keynesians went wrong

“Keynes thought that the richer people were the less they’d have to work, why did he get it wrong? He underestimated people’s insatiability, the richer they are the more they seem to want,” Robert Skidelsky, Emeritus professor of political economy … Continue reading

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Deleveraging is here to stay, investment banking game is up

“There’s no transactions, M&A doesn’t need to happen at this point the banks aren’t lending anyway, companies don’t trust the banks anymore as they don’t believe they have credit line and this is what deleveraging looks like,” Peter Toogood, director … Continue reading

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