Comments on: Proposals for the Banking System, Treasury, Fed, and FDIC (draft)

By: WARREN MOSLER

WARREN MOSLER — Tue, 10 Apr 2012 02:41:42 +0000

ok, i don’t think foreigners need loans from US banks to export to the us?

it’s more about US buyers needing loans to import?

By: Gary

Gary — Fri, 06 Apr 2012 15:32:02 +0000

in the document you wrote that there is no public purpose in allowing banks to lend off shore.

I thought that meant – lending dollars to foreign businesses/individuals. In which case that should create foreign demand for dollars – which in turn should increase foreign willingness to export to US.

But in fact that probably means lending against foreign property? In that case, please disregard what I wrote.

By: WARREN MOSLER

WARREN MOSLER — Fri, 06 Apr 2012 01:16:20 +0000

i don’t follow that first part either, sorry.

By: Gary

Gary — Thu, 05 Apr 2012 17:11:13 +0000

Why is there no public purpose in US banks lending off shore?

Lending in dollars off shore creates international dollar demand (?), which make other countries want dollars and thus willingly export goods and services into the USA in exchange for dollars.
Bad for those countries, good for the US.
Of course that also create enmity towards the US… So maybe it is not worth it.

Regarding not allowing “mark to market” – what about repossessed houses? Don’t banks need to value those?

By: Unforgiven

Unforgiven — Thu, 01 Dec 2011 06:45:02 +0000

2…. as it tried to assist millions of US homeowners and
other borrowers who had contacted with US banks to pay interest based on LIBOR settings.

borrowers who had contacted

Should be:

borrowers who had contracted

By: Warren Mosler’s proposals for the 99% | Mecpoc

Warren Mosler’s proposals for the 99% | Mecpoc — Sat, 05 Nov 2011 12:09:57 +0000

[...] 5. See my proposals for narrow banking, the Fed, the Treasury and the FDIC on this website (http://www.moslereconomics.com/?p=8968) [...]

By: Ralph Gardner

Ralph Gardner — Mon, 22 Aug 2011 20:43:26 +0000

@Captain CraZ,
I wonder how can we get the 50,000+ factories that left the US for China over the last 10 years to take advantage of China’s devalued currency back or replacement factories?

It is not easy to make a new product plus a factory to produce it and the existing products made in China by US companies are protected by patents and the trademarks that we all know and love.

The political and economic interests supporting the current arrangements will have to be given a good alternative to change.

By: The Center of the Universe » Blog Archive » Comments on Chairman Bernanke’s testimony

Thu, 14 Jul 2011 16:42:52 +0000

[...] Response to CT democrat debate Dallas Tea Party Address Proposals for the Banking System, Treasury, Fed and FDIC Levy Presentation as [...]

By: The Center of the Universe » Blog Archive » UBS Says Faces LIBOR Manipulation Probe

Wed, 16 Mar 2011 12:50:37 +0000

[...] Response to CT democrat debate Dallas Tea Party Address Proposals for the Banking System, Treasury, Fed and FDIC Levy Presentation as [...]

By: Martin

Martin — Tue, 09 Nov 2010 17:29:57 +0000

How do you stop Banks from raising their deposit rates when they start to fail and cannot borrow in the wholesale market? If the guarantee by the FDIC covers all borrowings then large depositors can move to the highest rate without risk and Banks can never have a liquidity crisis (which is why they typically fail).