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Monthly Archives: August 2012
Hoenig: “No more welfare for banks”
Thomas Hoenig, FDIC director and former Federal Reserve Bank of Kansas president, explains why he supports a plan to break up the big banks. Here is a direct link.
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Empty jaw boning from the ECB disappoints those who had believed in fairies
ECB’s Mario Draghi disappointed risk addicts this morning with more strong promises about the Euro being “irreversible” but no concrete acts. Rates are already at the zero bound. Central Banks of the world have already gutted strength in their balance … Continue reading
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