Jesse's Café Américain Tue 2009-11-03 20:06 EST

A Brilliant Warning On Robert Rubin's Proposal to Deregulate Banks, circa 1995

Jesse

...The notion that Glass-Steagall prevents American financial intermediaries from fulfilling their utmost potential in a global marketplace reflects inadequate understanding of the events that precipitated the act and the similarities between today's financial marketplace and the market nearly a century ago...The unbridled activities of those gifted financiers crumbled under the dynamic forces of the capital marketplace. If you take away the checks, the market forces will eventually knock the system off balance. Mark D. Samber (1995)

Brilliant Warning; circa 1995; Deregulate Banks; Jesse's Café Américain; Robert Rubin's Proposal.

Mon 2008-12-15 00:00 EST

London Banker: Fisher's Debt-Deflation Theory of Great Depressions and a possible revision

``I have been both a central banker and a market regulator. I now find myself questioning whether my early career, largely devoted to liberalising and deregulating banking and financial markets, was misguided.''

Fisher s Debt Deflation Theory; Great Depression; London Banker; possibly revising.