Words I wish would disappear from the vocabulary of journalism–bold, robust, unsustainable and full-throated. Full-throated?? What exactly is the throat full of? Yewwww. NancyO
Buried in Cain’s tax plan is a radical change in how companies would obtain financing. Note that under the proposal dividends would not be taxed, but interest on debt would be. This essentially stands the current system on its head. Of course by doing so then banks become less necessary as one would be less likley to borrow for expansion, just use the bank for discounting and other more traditional services. No one has discussed this little item, but actually its a big item in that it is a serious wound to the fixed income industry, and thus to the big banks who make most of their money off of fixed income. (Equity is sufficiently regulated that short of IPOS and the like there is little money there).
any of the bears want to help? #OccupyWallStreet Alternative Banking Working Group Meeting in NYC Sunday @ 3 PM– Anyone is welcome, and the group would particularly benefit from the input of people with capital markets, regulatory, and wholesale banking expertise. The group already has some members with relevant experience (SEC, major hedge fund, investment banking) but more depth would be of great benefit. Please sign up at the NYCAG webpage to find the meeting location. There is also a dial in number if you are not in NYC and would still like to take part.
Thought you might enjoy this post on Goldman Sachs’ efforts at good citizenship. Specifically, how projects such as a tribal-themed condominium in Harlem helps it to reap benefits from Uncle Sam. Comments welcome!
Depending on your income, you probably wouldn’t have got the loan to begin with, unless the government guaranteed to insure it………have you been sleeping over the past ten years? How exactly do think the financial crisis came about?
Words I wish would disappear from the vocabulary of journalism–bold, robust, unsustainable and full-throated. Full-throated?? What exactly is the throat full of? Yewwww. NancyO
Buried in Cain’s tax plan is a radical change in how companies would obtain financing. Note that under the proposal dividends would not be taxed, but interest on debt would be. This essentially stands the current system on its head. Of course by doing so then banks become less necessary as one would be less likley to borrow for expansion, just use the bank for discounting and other more traditional services. No one has discussed this little item, but actually its a big item in that it is a serious wound to the fixed income industry, and thus to the big banks who make most of their money off of fixed income. (Equity is sufficiently regulated that short of IPOS and the like there is little money there).
I just refinanced my condo. The money evidently came from Fannie Mae. Why do I have to pay a commission to a third party for this?
Stop by the nearest “occupy” camp, it has something to do with a few TBTF who get in your way at the fed’s printing press.
Banks are not the government, except when they need bailouts, then they become the second largest outlay line behind the war machine.
http://www.kickstarter.com/projects/phantomtollbooth/the-phantom-tollbooth-turns-50-a-documentary?ncid=edlinkusaolp00000008
This is cool. Watch it, Bears! NancyO
any of the bears want to help?
#OccupyWallStreet Alternative Banking Working Group Meeting in NYC Sunday @ 3 PM –
Anyone is welcome, and the group would particularly benefit from the input of people with capital markets, regulatory, and wholesale banking expertise. The group already has some members with relevant experience (SEC, major hedge fund, investment banking) but more depth would be of great benefit. Please sign up at the NYCAG webpage to find the meeting location. There is also a dial in number if you are not in NYC and would still like to take part.
Here is Boston’s site:
http://www.occupyboston.org/
#OWS
Thought you might enjoy this post on Goldman Sachs’ efforts at good citizenship. Specifically, how projects such as a tribal-themed condominium in Harlem helps it to reap benefits from Uncle Sam. Comments welcome!
Bat,
Depending on your income, you probably wouldn’t have got the loan to begin with, unless the government guaranteed to insure it………have you been sleeping over the past ten years? How exactly do think the financial crisis came about?