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Tarullo Big-Banks Fed Rule Not Good Enough

When ideas such as Federal Reserve Governor Daniel Tarullo's 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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  • About Tom Usher

    Mini-Biography: Vision for the Organization: (We must bring forth fruits worthy of repentance. The giving and sharing economy is the right system for running the whole household of Heaven and Earth.) Articles: (Thousands of online articles.) Employment: (2007 - Present: President: RLCC.) (1995 - Present: Independent contracting; Website developing; Writing.) (1993 - 1995: Factors International/Bradbury Hill International Finance.) Education: (City University, Olympia: Bellevue. Graduate Studies: Public Administration. Organizational Theory/Design.) (Arizona State University. BS, Political Science.) (Northern Arizona University.)
    This entry was posted in Monetary Reform, United States Notes. Bookmark the permalink.