News
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The Fed’s Newest Double Standard.
Category : Press
“Collectively, we just got screwed again, and I bet most people didn’t even know it. It happens so many times, particularly at the hands of the Federal Reserve, it’s hard…
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The Fed stalls the creation of a bank with a novel business model.
Category : Press
“TEN years on from the financial crisis, the structure of American banking has not changed. At its core are government-guaranteed, and therefore cheap, deposits that banks put to work, primarily…
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Narrow Odds for Narrow Banks – The Fed’s disparate treatment of TNB hurts depositors.
Category : Press
“Can a regulator deny key services to a bank merely because it doesn’t like its novel business model? That’s the question in a lawsuit filed in federal court recently by…
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Federal Reserve is Sued, Accused of Limiting Competition.
Category : Press
“A former Federal Reserve official is suing the Fed for blocking his plan to create a new kind of bank, saying it is putting the interests of big Wall Street…
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Fed Rejects Bank for Being Too Safe.
Category : Press
“The basic business of banks is to take deposits and make loans. The deposits have to be “risk-free”: A deposit in a bank account ought to be just “money”; depositors…
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Fed Nixes Narrow Bank.
Category : Press
“A narrow bank would be a great thing. A narrow bank takes deposits, and invests 100% of the money in interest-paying reserves at the Fed. (The Fed, in turn, mostly…
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