tag:blogger.com,1999:blog-53246864840716464.post3546201464578415994..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: Volcker: Financial Innovation is Worthless, and Banks Should Be Limited to Traditional Depository FunctionsUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-53246864840716464.post-19787092756867077482009-12-13T06:40:57.299-08:002009-12-13T06:40:57.299-08:00Volcker is dead-on. that's why he's head ...Volcker is dead-on. that's why he's head of the dead-end Economic Council. As someone recently pointed out, Obama made a pact with the Limosine Liberals to keep his hands off their ability to gamble on virtually anything in exchange for allowing his Administration to throw a little extra money at the poor and increasingly poor middle class. It's a deal with the devils of Wall Street.Scott Bakerhttp://www.opednews.com/author/author24983.htmlnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-72308693644433861362009-12-09T23:09:10.833-08:002009-12-09T23:09:10.833-08:00Thank you for standing up for "boring."
...Thank you for standing up for "boring."<br /><br />I'd love to be bored again by the U.S. economy.<br /><br />SCirzehttps://www.blogger.com/profile/07070125217972397204noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-60809073691892187822009-12-09T16:28:50.908-08:002009-12-09T16:28:50.908-08:00Hey, having lived in Canada half my life ( other h...Hey, having lived in Canada half my life ( other half in the US) and done some research, I must say that if Canadian banking was REALLY boring then Canadians would not have had almost identical inflation rates as the US for the last century. The game is the same here, except for the fact that the government regulatory agencies responsible for financial oversight have not YET been co-opted by the internationalist money powers and their wall street/washington /ottawa/bay street agents. Canada is too small a fish to fry and it's middle class too small a target. Besides, where else really safe would the billionaires in the US have to invest to preserve their capital as the dollar falls more and more? The carry trade is not just about interest rates but about currency appreciation and control of industry and strategic resources ( energy, metals, food products,water).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-42291516436466089372009-12-09T15:51:42.524-08:002009-12-09T15:51:42.524-08:00It's not like bankers have ever been poor. Th...It's not like bankers have ever been poor. They make plenty of money off of traditional banking. Banking is supposed to be the definition of boring. Exciting = risky. Risky bank = bad bank.<br /><br />Republicans could really build some political capital with the moderate public by championing this cause. It's right up their fiscal responsibility alley (except maybe the neocons).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-91074775521882834482009-12-09T10:29:49.986-08:002009-12-09T10:29:49.986-08:00Canadas central bank is currently headed by a form...Canadas central bank is currently headed by a former gold sacks guy (carney)...what can happen eh...?Anonymousnoreply@blogger.com