Tag Archives: Government

Useful Graphic of Stimulus Bill

This is a useful graphic of the elements of the stimulus bill.

To see better, make your view larger by hitting ctrl + in Firefox.  Or, click on link above.

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Filed under Government, policy, Politics, Power, Activism

The Reckoning – Agency’s ’04 Rule Let Banks Pile Up New Debt, and Risk – Series – NYTimes.com

The Reckoning – Agency’s ’04 Rule Let Banks Pile Up New Debt, and Risk – Series – NYTimes.com
In loosening the capital rules, which are supposed to provide a buffer in turbulent times, the agency also decided to rely on the firms’ own computer models for determining the riskiness of investments, essentially outsourcing the job of monitoring risk to the banks themselves.

I am glad the NYT is talking about this.  Why did the SEC rely on the banks’ models?  Ideological blindness or simply the complacency of being amongst familiar faces?  Or perhaps simply ignorance in the face of complexity leading decision-makers to rely on proxies of sound choice.

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Filed under Banking, Business, Government, Orgs Stuff (theory, science, studies)

FDIC does not publish its problem bank list

15 minutes of web searching for this mythical list of problme banks leads me to learn that the FDIC does not publiish the list.

Of course not.  It might cause people to worry about their deposits!  So, we have to protected from our own self-interest.

It is always the most critical information that is hidden.  One site did say I could pay for bank quality/soundness information.  Lovely, that won’t exacerbate inequality in America or anything.

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Filed under Banking, economics