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Thomas Paine

To argue with a person who has renounced the use of reason is like administering medicine to the dead.

Tuesday, February 14, 2012

14 February - My Yahoo!

Tower for drilling horizontally into the Marce...Image via Wikipedia
English: Marcellus shale along Rt 174 just sou...Image via Wikipedia
English: Cropped portion of image from USGS re...Image via Wikipedia
Flaherty, Carney tell the U.S. it is interfering with Canadian banking practices
"The rule, as currently drafted, would have an unprecedented extraterritorial reach and significant cross-border effects ... given the close inter-linkages between the Canadian and U.S. financial systems,"
I am particularly concerned that the proposed rule could severely impact the liquidity of Canadian government debt markets and interfere with the risk management practices of Canadian banks
( And we should all know that lack of risk management and outright fraud sparked the crash of debt collateral values. ) 

Post #400: Random Observations

 Feb 8

5. The Idiocy of Deregulation

The Deregulation of the financial marketplace was a jaw-droppingly bad idea. For fifty years Wall Street was strictly regulated and for most of that time we had the best economy in the history of the world. Then in 1981 Ronald Reagan entered our lives. He began the process of dismantling the rules that had been put in place by Franklin D. Roosevelt and his New Dealers back in the thirties. We've been sitting on an economic powder keg ever since. It's about to go KABOOM!!!


Mish's Global Economic Trend Analysis

MishGEA Obama Proposes Massive Tax Hikes, Still Comes Up With $1.33 Trillion Deficit; Obama's "Race to the Bottom" Educa... bit.ly/y5hTZ4 

MishGEA Total Chaos; Riots Rage; Athens Resembles War Zone goo.gl/fb/lON41 

MishGEA Athens Burning: Tens of Banks in Flames After Athens Passes Austerity Bill goo.gl/fb/FKmpL 

MishGEA China Instructs Banks to Roll Over $1.7 Trillion in Debt to Avoid Mass Default: A few years ago local Chinese mu... bit.ly/xDc4Bg 

MishGEA “Student Loan ‘Debt Bomb"; Obama's Misguided Proposal and Mish's Two-Point Alternative… goo.gl/fb/jnYdh 

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