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Financial Stability: FSOC, Continued Secrecy, Fannie and Freddie
Posted By Vern McKinley On January 22, 2012 @ 8:01 pm In Uncategorized | 1 Comment
I address this range of issues in an editorial [1] this week published in the Washington Times.
Article printed from Free Banking: http://www.freebanking.org
URL to article: http://www.freebanking.org/2012/01/22/financial-stability-fsoc-continued-secrecy-fannie-and-freddie/
URLs in this post:
[1] editorial: http://www.washingtontimes.com/news/2012/jan/18/financing-failure-the-state-of-bailouts/
Click here to print.
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1 Comment To "Financial Stability: FSOC, Continued Secrecy, Fannie and Freddie"
#1 Comment By RickDiMare On January 23, 2012 @ 11:54 am
"For all the rhetoric of reforming our financial system, the latest facts show no material progress to date."
Simply astounding!
Jefferson still described psychological paralysis or inertia better than anyone else I know:
"All experience hath shown that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed."
Perhaps the best response in dealing with this phenomenon would be to revert back to pre-Reagan era tax rates on upper-bracket income earners (but I'd still like to see an escape route for libertarian working people who've really done their homework, have properly claimed their right to use onlyTreasury-Direct coin-based currencies, and therefore these depositors should be allowed to safely claim that their wages are their personal property, and can only be taxed as property, and should not taxed as income derived from a regulated currency).