“Taming the Street,” by Diana B. Henriques, and “The Problem of Twelve,” by John Coates, tell the story of America’s powerful and unwieldy financial institutions.
It's no what to do now, but 2008-09 was a golden opportunity to have allowed more institutions to fail and the pieces bought up by new equity holders with Bernanke reassuring everyone that the Fed would not let inflation fall below target, it fact it really needed to increase for a while.
And what about separating prudential regulation from monetary policy? Might not independent regulators have prevented the SVB's of the country taking on of massive interest rate risk?
This really isn't about your views on the books at all, just recycling old gripes. :)
Heck since I'm griping why not my standard complaint about no 1-, 2- ,3-, and 7-year TIPS? And no Trillionth?
It's no what to do now, but 2008-09 was a golden opportunity to have allowed more institutions to fail and the pieces bought up by new equity holders with Bernanke reassuring everyone that the Fed would not let inflation fall below target, it fact it really needed to increase for a while.
And what about separating prudential regulation from monetary policy? Might not independent regulators have prevented the SVB's of the country taking on of massive interest rate risk?
This really isn't about your views on the books at all, just recycling old gripes. :)
Heck since I'm griping why not my standard complaint about no 1-, 2- ,3-, and 7-year TIPS? And no Trillionth?