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2008-06-09 Home Front: Politix

NY Fed chief urges global bank framework

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Posted by gorb 2008-06-09 03:36|| || Front Page|| [1 views ] Top

#1 Ah, no.

How about if they're going to engage in dangerous behaviors that effect all of us that instead they become civil servants to the Bank of the United States and we give the speculator shareholders who've prodded them into such behaviors equivalent value savings bonds in return. Dangerous behavior by these people does not justify giving another institution even more power over our existence.

Posted by Procopius2k 2008-06-09 09:17|| 2008-06-09 09:17|| Front Page Top

#2 Bernanke has been a disaster. We're going to hear more of this kind of crap as people seek ways to deal with that problem indirectly instead of firing the guy. If I were elected in November, my first act would be to ask for Bernanke's resignation and get a real banker in the job. Too many GD academics in the Fed.

Posted by Nimble Spemble 2008-06-09 09:50|| 2008-06-09 09:50|| Front Page Top

#3 The real problem is bank capital adequacy resulting from bad loans, which will continue to get worse, and dramatically dry up lending.

Posted by phil_b 2008-06-09 10:22|| 2008-06-09 10:22|| Front Page Top

#4 No, the problem is central bankers who won't face up to their responsibilities to maintain the value of the currency while letting the market sort out the survival of smart bankers and the extinction of dumb ones.

Posted by Nimble Spemble 2008-06-09 10:28|| 2008-06-09 10:28|| Front Page Top

#5 I find nothing in Nimble Spemble's comments that I can disagree with.

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Posted by OregonGuy">OregonGuy 2008-06-09 17:21|| http://oregonguythinks.blogspot.com/]">[http://oregonguythinks.blogspot.com/] 2008-06-09 17:21|| Front Page Top

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