The White House proposed a plan earlier this year to fix borrowing costs to the 10-year note.
Writing on the campaign's Web log the next morning, Mrs. Edwards declared she would repay the town for the loud cheers and for the kindness of a mechanic in the town who had once fixed a borrowed car that she and her then husband-to-be drove from North Carolina to the Grand Canyon in 1976.
Even if the banking system were fixed, new borrowing and hence economic growth could remain weak.
If there's something that needs fixing in the United States, borrowing money to fix it is a pretty good idea right now.
(If he wanted to borrow a higher proportion of the value of his home, he would pay a higher rate - 6.3percentnt fixed if he borrows 25percentnt of the property's value, for example).
If the problem in the first place was too much borrowing, isn't it dangerous to try to fix it by borrowing even more?
Before the financial crisis of 2007-08, banking regulation was predominantly a static affair, with capital requirements (which ensure that banks hold enough money on their balance-sheets) and leverage caps (which limit the amount they can borrow) fixed over the business cycle.
They'll be discussing progress in Greece, Ireland and Portugal, amid reports that Athens is proposing rolling over some maturing debt to fix its borrowing shortfall in 2014 (more on this shortly).
Here's the thing: what the public wants actually would fix the borrowing.
With banks lending at fixed rates and borrowing at floating rates, their ability to sell the loans they originate removes them from the institutions' books and thus insulates them from interest rate fluctuations.
