All Posts Tagged With: "investment banks"
Bank Deregulation: Friend or Foe?
Banking has changed a lot during my lifetime—for the better. The changes are partly due to technology (ATMs, online access), but also to deregulation that subjected banks to a lot more competition. What were the major deregulatory moves and how might they have contributed to the recent crisis? Before addressing those questions, a little personal [...]
22Oct2010 | Warren C. Gibson | 5 comments | ContinuedBailout Hypocrisy
Thud. That was the sound of the other shoe dropping. In response to severe problems in the credit markets, thanks to years of government intervention, the Federal Reserve—the government’s counterfeiter and chief culprit in the current crisis—has opened its discount window to the investment banks. Interest rate: 2.5 percent. Until recently, only commercial banks could [...]
1Jun2008 | Sheldon Richman | 0 comments | ContinuedMonetary-Policy Disasters of the Twentieth Century
Kirby R. Cundiff is an associate professor of finance at Northeastern State University in Tulsa, Oklahoma, and an adjunct associate professor of finance at the University of Maryland University College. The Federal Reserve System was created in 1913 and soon did what central banks almost always do: it started printing lots of money. During World [...]
1Jan2007 | Kirby R. Cundiff | 5 comments | Continued-
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