Posts Tagged ‘Glass-Steagall’

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    Too Big To Fail: The Volcker Rule or Glass Steagall?

    Mar 16, 13 • 140 Views • UncategorizedNo Comments

    It will be tough to remedy “too big to fail” with the Volcker Rule. At the other extreme, some suggest a 2013 version of Glass-Steagall. Here is the short version of the facts: Proposed by former Fed Chair Paul Volcker, his rule was expressed in...

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    An Ice Cream Bank?

    Sep 15, 12 • 173 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Economic History, Financial Markets, Money and Monetary Policy, Regulation, UncategorizedNo Comments

    Should you deposit your money at your local ice cream parlor? Yes, according to a Pennsylvania businessman who has opened a bank in his ice cream shop. But he says his business idea is not really a bank. He does take deposits and offers loans, but you get...

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    Too Big To Fail

    Aug 15, 11 • 112 Views • Businesses, Money and Monetary Policy, Regulation, Thinking EconomicallyNo Comments

    Imagine for a moment that you are the CEO of a large bank. Offered the opportunity to participate in a risky business deal, you say, “Yes.” If the venture succeeds, you benefit. If it fails and threatens your bank’s survival, the government...

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    The Top 19

    Mar 10, 10 • 144 Views • Economic History, Money and Monetary Policy, RegulationNo Comments

    Are 19 banks “too big to fail?” Listening to Bloomberg radio, I heard that four banking firms control close to 50 percent of their industry’s assets, that the top 19 control 85 percent, and that the bottom 8000 control 15 per...

  • Deja Vu Glass-Steagall?

    Jan 22, 10 • 131 Views • Thinking EconomicallyNo Comments

    Thinking back to Glass Steagall (and related 1930s legislation) which was formally repealed in 1999 (summarized in “It’s Complicated”, my 1/17 blog), there were five problem areas that sound remarkably similar to today’s challenges: 1....