Word: bankses
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For now the weak dollar is helping America's exports. But it is also spooking holders of U.S. debt, whose continued purchases of U.S. Treasury bills allow Washington to fund its deficit spending. Last week, the International Monetary Fund (IMF) announced that the Reserve Bank of India had bought 200...
This has not gone entirely unrecognized. On Aug. 1 - Switzerland's 718th birthday - the Swiss National Museum in Zurich opened a new permanent exhibition to chart a history of immigration since the Bronze Age. In a section called "No One Has Been Here All the Time," visitors to the museum...
Read: "The Swiss Question Their Once Proud Banks."
Let's just say the evidence is mixed. There's lots of research showing that the economies of countries with vibrant financial sectors grow faster than those of countries without them. So banks and financial markets do enable prosperity. But as we emerge (we hope) from a deep economic downturn...
Dodd would like to gut bank regulators like the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Federal Reserve and the Office of Thrift Supervision (OTS). He would give their power to supervise and regulate banks to a new, single bank regulator with...