Tarullo Big-Banks Fed Rule Not Good Enough

When ideas such as Federal Reserve Governor Daniel Tarullo'sTarullo Big-Banks Fed Rule Not Good Enough are taken seriously, it helps take the wind out of the sails of much more meaningful banking reforms: such as Public Banking and the NEED Act.

For instance, the New Deal FDIC was better than nothing, but it wasn't good enough and wasn't as good as other plans being floated at the time.

Read about Daniel Tarullo's plan here: Tarullo Sees Big Banks With Fed Rule Protecting Taxpayer - Bloomberg.

Just to be clear, I endorse the NEED Act but want to see a number of improvements to it (all of which I've itemized on this blog in previous posts). For starters, see: Monetary Reform: Series 1.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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