Daily Archives: August 27, 2009 @ 8:38 am (Thursday)

U.K.

[Skip to the end] Waiting to see if Brown gets any credit for his fiscal policies which in fact are responsible for stopping the slide. As in the US, monetary policy has been contractionary with lower rates hurting demand from … Continue reading

Posted in UK | Tagged |

FDIC

[Skip to the end] The FDIC gets the funds from the treasury as needed and then tries to tax the banks to pay it back. All that does is raise the marginal cost of credit via a transfer to the … Continue reading

Posted in Banking, Government Spending | Tagged |