Comments for Hundred Power

Comment on Charlie Ponzi and the Bankers by Florida

Florida — Wed, 07 Apr 2010 17:35:15 +0000

I think Greenspan is getting senile, today he said that you can stop asset bubbles by increasing capital requirements. That just increases the cost of credit. The next time you have a real estate bubble, you’ll have the same problem, assuming that banks are still in the business of loaning against real estate. If you want to stop this problem, then eliminate the federal subsidies for real estate development and investment, then require people in that industry to put their own money at risk instead of someone elses. If Greenspan really wants to change the banking system, though, then simply ban 95% and 90% LTV loans. Require a bigger equity cushion. BTW, the “too big to fail” argument is a fallacious one. During the Great Depression, Canada had no bank failures. The reason was that their banks were very large. The banks closed branches, etc., but none of them failed. By contrast, the US was dominated by thousands of very small banks, and we had more than 10,000 of them fail. So there is nothing inherently unsafe about a banking system dominated by large banks. The real problem with large banks is that during good times, they don’t provide enough competition for each other.

Comment on The Many Kinds of Lies by Crasty

Crasty — Mon, 03 Aug 2009 06:45:53 +0000

I added your blog to bookmarks. And i’ll read your articles more often!

Comment on The Many Kinds of Lies by Joan

Joan — Fri, 24 Jul 2009 01:06:30 +0000

Thanks for posting about this, I would love to read more about this topic.

Comment on What Would Thomas Jefferson Say Today? by derekpm

derekpm — Sun, 12 Jul 2009 22:06:02 +0000

Rather interesting. Has few times re-read for this purpose to remember. Thanks for interesting article.

Comment on Who’s Calling the Tunes? by Vinnepeg

Vinnepeg — Sat, 11 Jul 2009 11:04:50 +0000

I read your article with great pleasure. Thank you.

Comment on Enough of the Happy Talk by Stronger-than-expected

Stronger-than-expected — Sat, 11 Jul 2009 04:41:09 +0000

Do you hear this from time to time? ‘The economy is stronger than expected.’

Comment on Madoff Madness by KonstantinMiller

KonstantinMiller — Mon, 06 Jul 2009 22:47:41 +0000

Hello. I think the article is really interesting. I am even interested in reading more. How soon will you update your blog?

Comment on Bad Bailout Defeated: Celebrate Democracy! by CrisBetewsky

CrisBetewsky — Mon, 06 Jul 2009 19:26:37 +0000

Your site is worth being in the top cause it contains really amazing information.

Comment on Who’s Calling the Tunes? by Derekp

Derekp — Fri, 26 Jun 2009 18:49:38 +0000

I think i’ve seen this somewhere before…but it’s not bad at all

Comment on Citigroup Welfare by Bethany

Bethany — Wed, 17 Jun 2009 18:08:48 +0000

So what are we gaining out of this you ask? What is an American Voter gaining out of it? Unemployement? No Loans, High Charging Credit cards and highly respected institutions going thumbs down? Have we put our heart and soul into this country’s institutions for this?