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Category Archives: banks
Al and Paul agree
This article appeared a couple years ago on my less-than-hacker-proof and now-defunct blog, howtostopabankrun.com. By Joel Thurtell Ain’t it neat? Al and Paul agree. Al is Alan Greenspan, former chairman of the Federal Reserve Board who got it all wrong … Continue reading
Posted in banks, How to stop a bank run
Tagged Alan Greenspan, banking, banks, Paul Krugman, the Fed
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Blog fusion
By Joel Thurtell Hackers broke into all of my blogs except JOTR last winter, posting a taunt about my lack of “security.” Apparently, they proved some kind of point to their satisfaction. The effect on me was to make me … Continue reading
Posted in banks, ham radio, Hardalee Press, How to stop a bank run
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Leave the renmimbi alone!
By Joel Thurtell If you’d asked me a couple months ago to name the unit of Chinese currency, I’d have drawn a blank. It was all a big yuan. As near as I can tell, “renmimbi” and “yuan”can be used … Continue reading
Posted in banks
Tagged balance of trade, China, New York Times, Paul Krugman, Renmimbi, Wall Street Journal, yuan
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Can’t call it ‘bribe’
Any federal law that would impose a national 36 percent A.P.R. limit on our services, if enacted, would likely eliminate our ability to continue our current operations. — Advance America, largest payday lender in the U.S. By Joel Thurtell Can’t … Continue reading
Posted in Bad government, banks
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Canada’s banks
By Joel Thurtell I was pleased to see Nobel Prize-winning New York Times columnist Paul Krugman has discovered the benefits of banking in Canada. Finally. The rule here at JOTR is that we never gloat over other writers’ failings, since … Continue reading
“Cathedral of finance”
By Joel Thurtell In the wee hours of Tuesday, February 14, 1933, Michigan’s new Democratic Governor William Comstock emerged from the posh Detroit Club after a long meeting of Detroit financiers and Lansing and Washington treasury bigshots. He turned right … Continue reading
Posted in banks
Tagged bank run, banking, Banking Holiday, banks, Franklin Roosevelt, Gov. William Comstock
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Banking and the perpetual screw job
By Joel Thurtell It’s terrible that execs of broke A.I.G. gave themselves $165 million in bonuses, tapped from public bailout money. And yes, it’s outragaeous that top dogs from failed Countrywide bank whose profiteering in sub-prime mortgages helped bring on … Continue reading
Banks and the perpetual screw job
This business of bankers screwing up the economy and then turning a profit off others’ misery is an old story. For my latest banking post, check my new site.
Banks and “stress test” = bunkum
I don’t believe special “stress tests” are needed to show up the weak banks. Basic accounting will do. See my new post at www.howtostopabankrun.com. “How To Stop A bank Run: is my latest book project.
