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Rothbard was contemptuous of John Maynard Keynes, and wrote that governmental regulation of money and credit creates a "dismal monetary and banking situation".
A. The banking situation is not resolved.
Wealthy families from Europe are looking to set up shop in Asia because of the banking situation in Switzerland, Luxembourg and Liechtenstein, said Donald Riegger, an expert on family offices at Deloitte & Touche in Singapore.
The head of the investment board also revealed that another Lebanese bank, Bank Audi, is in negotiations about setting up in the region, and he argued that the banking situation will be "sorted out very soon".
"I am equally concerned with you in regard to the gravity of the present banking situation," Roosevelt wrote Hoover on March 1, "but my thought is that it is so very deep seated that the fire is bound to spread in spite of anything that is done by way of mere statements".
The banking situation gets even worse, as we will see.
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"I think the seriousness of the banks' situation was exaggerated," said Marc Touati, economist at Paris-based Assya.
While possibly being more efficient, judging personalities find my Brazilian bank situation their idea of a nightmare.
In a televised speech to business and labor leaders this afternoon, Mr. Duhalde also showed little sympathy for the banks' situation.
One of the pressing issues of the da was the bank situation - the spread of the banking moratoria arrangements in several states - unemployment - the value of the dollar, etc.
France's financial watchdogs are monitoring the bank situation closely, officials said, as is President Nicolas Sarkozy, who would be loath to see one of the banks stumble to the point where a merger or takeover might be required before the French presidential election next spring.
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