Showing posts with label banks. Show all posts
Showing posts with label banks. Show all posts

Friday, May 30, 2014

Saturday, July 20, 2013

"Unfettered Capitalism" - - -

"Unfettered Capitalism" = protected from competition -- usually by "regulation" -- (and/or subsidy) by a government. Otherwise "capitalists" are seriously fettered by "we the customers." Which is why the capitalists engineer protection -- usually by regulation -- (and/or subsidies) from a government.  --L. Reichard White, Saturday, July 20, 2013 10:54 AM
P.S. This is the ultimate result of what, when applied to bank bailouts, is called "moral hazard" as businesses learn how to get governments to underwrite their operations -- using taxpayers' money. 


Sunday, May 26, 2013

Why not UNBANK?

Having money in a bank is like having a joint account with the government. --Dr. Amanda Kim Case, Sunday, May 26, 2013 10:19 AM
Why not unbank?

Thursday, June 14, 2012

With protection like this, you need kevlar

One of the main repeating themes from U.S. Senators was, "We have to protect U.S. taxpayers from bailing out the banks again." Who was it that took your tax money and handed it to the banks the first time? The Senators are going to protect us -- from themselves? --L. Reichard White, Wednesday, June 13, 2012 1:42 PMon J.P. Morgan's Jamie Dimon testimony to the U.S. Senate Banking Committee (June 13, 2012)


Friday, June 8, 2012

Why use cash?

Cash is safer. To rob you of cash, the robber has to confront you face-to-face or break into your house. And these days, you may be armed. But he can rob you of cash alternatives (credit, bank deposits, etc.) electronically without you even being aware of it. Further, cyber thieves can rob you not only of everything you have, but, by running up debts, money you haven't even earned yet. --L. Reichard White, June 8, 2012, 13:26:24


Thursday, April 5, 2012