Tuesday , November 5 2024
Home / Mike Norman Economics / Warren: “Bank reform increases chances of bank bailout”

Warren: “Bank reform increases chances of bank bailout”

Summary:
I would say the exact opposite.  They are removing the risk free component of the regulatory ratio that is the most volatile in amplitude and frequency.This will REDUCE the likelihood of future systemic failure... may actually eliminate the likelihood completely.Never send a trained lawyer to do applied mathematics; not qualified. Senate Republicans voted unanimously for the #BankLobbyistAct. But this bill wouldn’t be on the path to becoming law without the support of these Democrats. The Senate just voted to increase the chances your money will be used to bail out big banks again. https://t.co/bfkEgNdl9C — Elizabeth Warren (@SenWarren) March 6, 2018

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00

Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten

Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.


I would say the exact opposite.  They are removing the risk free component of the regulatory ratio that is the most volatile in amplitude and frequency.

This will REDUCE the likelihood of future systemic failure... may actually eliminate the likelihood completely.

Never send a trained lawyer to do applied mathematics; not qualified.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *