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Banks Have Too Much Money Now
Category : Press
Also The Narrow Bank, the WeWork tender, the Citadel Hotel, ETFs, toilet paper tokens and gold bars…
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Judge Grants FRB-NY’s Motion to Dismiss
Category : Documents
“Although the over 18-month wait TNB has endured is concerning, it does not approach the 30-year mark. If TNB had been waiting 30 years for a decision, I would have…
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Making Money Safe
Category : Press
Providing better options to hold money safely is desirable and feasible; failure to do so is a serious but fixable flaw in the legal architecture of money and payments in…
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Narrow banking and its role in the financial system
Category : Documents
Narrow banks are depository institutions, entities, or facilities whose main purpose is to offer nonbanks overnight investments that are, directly or indirectly, fully backed by central bank liabilities.
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The narrow way to a better banking system
Category : Press
Traditional banks borrow money and fail when they can’t repay. The result, as the Great Recession showed, is potential economic devastation requiring massive taxpayer bailouts. If the Great Recession taught…
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The Fed doesn’t like narrow banks, but asset managers do
Category : Press
Narrow banks would funnel cash to the Fed to get its rate – money managers are intrigued…
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