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Tag 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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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 “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.
Assets for sale!
[donation] By joel Thurtell Just came back from a reconnaisance mission. In my garage. The news is good! I have assets for sale, too. Just like those big Wall Street banks. I heard this trillion dollar federal bailout of the … Continue reading
Posted in Bad government
Tagged Assets, assets for sale, bad investment, bailout, banks, Bert Ely, eBay, government bailout, investmant banks, mortgages, New York Times, Schwinn bike, Wall Street
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