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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

Archive for December 27th, 2010

Refund Anticipation Loans

Posted by WARREN MOSLER on 27th December 2010

Interesting!

Could move income and spending from q1 to q2 ???

H&R Block

  • 5yr 600 (+65bps)
  • The Office of the Comptroller of the Currency told HSBC Hldgs PLC not to make refunds-anticipation loans (RALs)
  • This prompted the bank to end an exclusive contract w/ HRB 3yrs early

Posted in Government Spending | 3 Comments »