America's Economic Future – A Discussion By Ted Kavadas
I found the Opening Statement at the Full Committee Hearing on ‘Too-Big-to-Fail’ Post- Dodd-Frank, made yesterday (June 26) by The Committee On Financial Services’ Chairman Hensarling, to be notable. While I don’t necessarily agree with everything said in this Opening Statement – or with all aspects of the following excerpts – here are the excerpts I found …
On Thursday, Larry Kudlow interviewed Rep. Spencer Bachus on CNBC. I found one comment Kudlow made, starting at the 6:17 mark, to be especially notable: “Many people believe that the top 5,6,8 banks are in fact too big to fail and constitute government sponsored enterprises in effect. That is an unfair advantage in the credit …
I found some interesting comments in the SIGTARP January 30 2010 Report to Congress: http://www.sigtarp.gov/reports/congress/2010/January2010_Quarterly_Report_to_Congress.pdf From the Executive Summary, which begins on Page 5: “Many of TARP’s stated goals, however, have simply not been met. Despite the fact that the explicit goal of the Capital Purchase Program (“CPP”) was to increase financing to U.S. businesses and consumers, …
The term “Too Big To Fail” is heard frequently. However, for all of the talk regarding its danger, very little if anything has been done to rectify the condition. As seen in The Wall Street Journal of December 16, p C18, “The top four banks have combined assets of $7.4 trillion, or 56% of the U.S. …