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About TitusOneNine
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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
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John Hussman: A Blueprint for Financial Reform
1) Immediately vest the FDIC (or other regulator that has a strict consumer-protection mandate) with the authority to take receivership / conservatorship of distressed bank and non-bank financial institutions, including bank holding companies, in the event of insolvency....
2) Require a significant portion of the capital of bank and non-bank financial institutions to be in the form of convertible debt (contingent capital).
Read it all.
Filed under: * Culture-Watch • Law & Legal Issues • * Economics, Politics • Economy • Corporations/Corporate Life • Credit Markets • Stock Market • The Banking System/Sector • The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- • The U.S. Government • Federal Reserve • Treasury Secretary Timothy Geithner • Politics in General • House of Representatives • Office of the President • President Barack Obama • Senate
Next entry (above): Jessica Brown in the SMH: The Nanny state can't save us from ourselves
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