Bernanke goes all Obama; lays out plan to tighten-up. . . someday. Not saying he is wrong to keep rates low for now; just that making promises to reform someday is a very un-Fed-like, and very politician-like.
If we thought the Administration was serious about coordinating banking reform with Europe, then we’d be scared. Wait a [...]
Not surprisingly our old friend Andy Kessler gets it exactly right. Forget smarter regulators or smarter banks; that’ll never happen. Raise capital requirements, limiting the banks ability to create money and fund poor investments. More people read Andy than read us, by a couple orders of magnitude, so now all we have to do is [...]
// < ![CDATA[
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www."); document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
// ]]>
// < ![CDATA[
try { var pageTracker = _gat._getTracker("UA-12608717-1"); pageTracker._trackPageview(); } catch(err) {}
// ]]>The drive to off Bernanke, like 99.9 percent of the stuff we hear coming out of Washington right now is just one [...]
