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Obama's Banking Proposals are a Good First Step, LA Times, January 29 , 2010
Last week, we hear that banking proposals are being delayed yet again.
Labour has also been taken somewhat by surprise by how their opponents have reacted to the banking proposals.
Hollande has assured this audience ahead of time that, though regulatory changes must be made, his banking proposals won't go "overboard".
Yet Mr Miliband's headline solutions, uttered at the crescendo of his remaking-capitalism rhetoric, are so unimpressive as to cast doubt on his prospectus.His banking proposals were typical.
Recent banking proposals by politicians highlight just how low the levels of capital could tumble at the banks if their bad loans were dealt with right away.
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That is why the French finance minister, Pierre Moscovici, has sought to maintain momentum for the new European banking proposal.
Barack Obama said he's "a strong supporter of net neutrality". He'd have to be, because he proposes equally destructive "infrastructure bank" proposals that shift decision-making about large-scale capitalism to government.
The banks' proposals also defy common sense.
The banks' proposals also throw out Fannie and Freddie's longtime role in affordable housing.
"It is only because of the exceptional characteristics of this situation that we agreed to accept the banks' proposals".
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