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'Radical’ Biden nominee faces backlash from banks
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Extradition case dropped - Canadians released
ReplyDeleteOmarova said in a paper published in October that having Americans park their money at the Fed would allow the central bank to more directly and efficiently pull the levers of monetary policy by enabling it to credit individual citizens' accounts when there's a need to stimulate the economy. The system she envisioned would mark the end of the federal government's backing of bank deposits and other subsidies, meaning it would also eliminate the "too big to fail" problem in which Washington bails out big banks when they hit the skids.
ReplyDelete"Banks, in other words, will not be 'special' anymore," Omarova wrote. "By separating their lending function from their monetary function, the proposed reform will effectively 'end banking,' as we know it." from https://www.politico.com/news/2021/09/24/radical-biden-nominee-faces-backlash-from-banks-514189
Best news I've read in a while.
Read it and weep elitist bank toadies ... you know who you are.
‘Foreign agent’ claims against Hong Kong’s Tiananmen Massacre vigil organisers defy understanding
ReplyDelete"To claim that the tens of thousands who paid tribute to the June 4 victims were part of a plot by a 'foreign agent' intended to endanger national security is an insult to their collective conscience," writes Chris Yeung.
by Chris Yeung17:45, 7 September 2021
https://hongkongfp.com/2021/09/07/foreign-agent-claims-against-hong-kongs-tiananmen-massacre-vigil-organisers-defy-understanding/