click on a date to see all the day's entries
About TitusOneNineOld Titusonenine site (Jan04-May07)
Kendall's e-mail (replace -at- with @)
"Elves" e-mail (blog admin)
A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
Blog Tips & Info
Info to help you learn your way around the new blog, and posts where you can report problems or offer suggestionsMobile-friendly view (blog headlines): Click Here
Print-friendly view of all articles: Click Here
Recent Comments Page:
Registration & Login Help
Blog Tips Series
The above list is limited to "parent" categories. To see the entire category index and select specific sub-categories, click on "Full Category Index"
Full Category Index
Anglican / Episcopal RSS Feed
©2013 Kendall S. Harmon. All rights reserved.
TitusOneNine Links Page
I. Anglican / Episcopal Resources & Links
1. Important Documents
documents are in chronological order, most recent first
Also, don't miss:
2. Websites & Blogs
A. Official websites
B. Anglican / Episcopal News
C. Anglican / Episcopal Blogs
By no means exhaustive. Let us know what we've missed
Previous versions of Titusonenine:
NORTH AMERICAN ANGLICANS:
INTERNATIONAL ANGLICAN BLOGS & BLOGGERS
BLOGGING BISHOPS (US & Overseas)
II. General Resources & Links
YET more links coming soon...! including Non-Anglican links
The one thing we know about the financial "reform" now moving toward what looks like eventual congressional approval is that it will be oversold, says economist Robert Litan of the Kauffman Foundation. We will be told that it will forever prevent a repetition of the recent financial crisis; that it will root out corruption on Wall Street; that it will eliminate "bailouts"; that it will protect consumers against greedy lenders. In the present anti-Wall Street mood, no one wants to be accused of coddling America's money merchants.
What can we really expect?
History counsels caution. Every financial reform, even if mostly successful, ultimately gives way to another because there are unintended consequences or unforeseen problems. Sheila Bair, the head of the Federal Deposit Insurance Corp., has noted that the reforms of the early 1990s, which curbed risk-taking within the banking system, perversely shifted lending to the largely unregulated "shadow banking system" -- mortgage brokers, specialized lenders and "securitization." The central aim of today's reform is to avert another financial panic. A panic is not a bubble or just big losses. These are inevitable and, in part, desirable: Without losses, investors would become reckless. A panic is a stampede of selling and hoarding, driven by fear, that threatens the financial system and, through it, production and jobs. A panic occurred in September 2008 when Lehman Brothers failed. Distrusting most financial institutions, investors and money managers fled to safety (a.k.a. Treasury bills).
By its nature, a panic is unanticipated. Reform may resemble generals fighting the last war....
Read it all.
Filed under: * Culture-Watch Law & Legal Issues * Economics, Politics Economy Credit Markets Stock Market The Banking System/Sector The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- The U.S. Government Politics in General House of Representatives Office of the President President Barack Obama Senate
Next entry (above): LA Times—You, your doctor and the Internet
Previous entry (below): The Scotsman—Vatican threatens to axe Pope’s visit to Britain
Return to blog homepage
Return to Mobile view (headlines)