08/11/11 Reform the Banking Industry

The reason why banks got so big in the first place is because of the disproportionate power they began to wield over the political system.

The influence has had pernicious effect on both major parties, and all branches of Government.                 

The truth is governments can no better run banks than bankers can hold national elections.  And yet, this is what seems to be happening. To wit the Obama administration's recent wrangling over how to approach the financial community for a hand out without giving away the store .

The solution seems pretty clear.  Banks need to be regulated in a way that makes them either less big, less risky, or both.  If, to use the banking regulators euphemism, some institutions are "systemically important," then they should be regulated like public utilities have been: they are allowed to earn a certain enumerated profit margin over cost, and submit to local political control.   That will make them less sexy and banking less prestigious.

But there is a solution for those who want to innovate.  Private individuals and institutions can lend each other money on an arms-length basis, without the use of government leverage or Federal guarantees to depositors.

This is true capitalism, when the risks are fully born by the parties to the transaction and not the broader society.08/11/11 Reform the Banking Industry

	05/23/13 Test Cheats
	05/21/13 223 Weeks
	05/16/13 Enemies of the State
	05/14/13 Benghazi Scandals
	05/07/14 Plan B
	05/02/13 Obama's Retirement
	04/30/13 Tasteless Cartoon
	04/25/13 Truth in Terrorism
	04/23/13 Monsters, Inc.
	4/18/13 Woodrow Wilson
	4/16/13 Tax Day
	04/11/13 Housing Bubble
	04/09/13 Campus Intolerance
	04/04/13 Obamacare Costs
	04/02/13 EPA Emails
	03/28/13 Ridiculous Government Waste
	03/26/13 Balancing the Budget
	03/21/13 Anti-Gun Hypocrites
	03/19/13 Runaway Spending
	03/14/13 FBI Misconduct
	03/12/13 Troubling Jobs Report
	03/07/13 Better Race Relations?
	03/05/13 Unfair Coverage of the Presidents
	02/28/13 Funding Hamas
	02/26/13 Pentagon Trophies
	02/21/13 The Sequester
	02/19/13 Gun Crimes
	02/14/13 Government Seizures
	02/12/13 NBC Lies
	02/07/13 Hookergate
	02/05/13 Term Limits
	01/31/13 2013: An Odd Year
	01/29/13 Bob Menendez
	01/24/13 Two Americas
	01/22/13 Hurricane Sandy Pork
	1/17/13 Porn Capital
	1/15/13 Billionaire Tax Break
	1/10/13 Armed & Hypocritical
	1/8/13 "Tax, Spend & Repeat"
	1/3/13 National Debt
	1/1/13 New Year's Resolution
	12/27/12 Media Hypocrisy
	12/25/12 Illinois' 2nd District
	12/20/12 The Race Card
	12/18/12 School Shooting
	12/13/12 Death Spiral States
	12/11/12 Privacy Invasion
	12/6/12 Sliding Down the Fiscal Cliff
	12/4/12 Starve The Beast
	11/29/12 Foreign Policy Blunder
	11/27/12 Free Utilities
	11/22/12 Delusional Academics
	11/20/12 The Shame of Sandy
	11/15/12 EPA Secret Emails
	11/13/12 Boys Will Be Girls
	11/08/12 In God We Trust?
	11/06/12 Staycation 2012
	11/05/12 Dereliction of Duty
	11/03/12 It's the Economy
	11/02/12 Tasteless
	11/01/12 47%
	10/31/12 Budget Failure
	10/30/12 Terrorism at Ft. Hood
	10/25/12 Fabricating Jobs
	10/22/12 Bigotry
	10/18/12 GM Bankruptcy
	10/16/12 Five Strikes and You're Out
	10/11/12 Sacrificing Truth
	10/9/12 Creating Jobs
	10/4/12 NAACP and the 2012 Black Vote
	10/2/12 War on Islamic Fascism
	09/27/12 The Birds & The Bees
	09/25/12 Universal Service Fund
	09/20/12 Military Voting
	09/18/12 Free Speech Threats
	09/13/12 Medicare
	09/11/12 PC Cancer
	09/06/12 Obama Says "You Didn't Build That"
	09/04/12 United States vs. Gallup
	08/30/12 Romney Needs To Lead
	08/30/12 College Dilemma
	08/28/12 Accountability
	08/23/12 So Much Ammo
	08/21/12 Government Profit Motives
	08/16/12 Human Trafficking
	08/14/12 ATF Threats
	08/09/12 Drought Lessons
	08/07/12 Ohio's Ballot Battle
	08/02/12 Biofuels Boondoggle
	07/31/12 Chick Fil A
	07/26/12 Runaway Agency
	07/24/12 Friends of Angelo
	07/19/12 Obama's Record
	07/17/12 Killing the Competition
	07/12/12 Threats From Above
	07/10/12 Food Stamps
	07/05/12 Branches of Government
	07/03/12 Money For Tax Cheats
	06/28/12 Crime Priorities
	06/26/12 NBC News Scandals
	06/21/12 Nanny State Bureaucrats
	06/19/12 End Government Intrusion
	06/14/12 Racist Book Signings
	05/31/12 Arabic As a Second Language
	05/24/12 Fire the Bottom 5%
	05/17/12 NCAA Political Correctness
	05/10/12 Race Plays a Role in Judgment
	05/03/12 Fisker Automotive Failure
	04/26/12 Outrageous Spending
	04/19/12 Obama and the Limelight
	04/12/12 Political Correctness
	04/05/12 Tax and Spend
	03/29/12 Rush to Judgment?
	03/22/12 Conservatives Lose Focus
	03/15/12 Kill the Ex-Im Bank
	03/08/12 Abolish the Federal Reserve
	03/01/12 Sharia Law
	02/23/12 Contraceptive Controversy
	02/16/12 Tax Deadbeats
	02/09/12 Phony Facts
	02/02/12 Land of Lawsuits
	01/26/12 Plundering the Treasury
	01/19/12 The New Economy
	01/12/12 Dangerous Regulations
	01/05/12 Political Race-Baiting
	12/29/11 Dismantle the TSA
	12/22/11 The Meaning of Christmas
	12/15/11 Federal Fraud
	12/08/11 Money Myths
	12/01/11 Starve the Beast
	11/24/11 A Thankful Thanksgiving
	11/17/11 Abuse of Benefits
	11/10/11 Herman Cain Threat to Liberalism
	11/03/11 Root of the Problem
	10/27/11 Dress for Success
	10/20/11 Solar Role Models?
	10/13/11 Family Matters
	10/06/11 Government Intrusion
	09/29/11 Lack of Leadership
	09/22/11 Solar Bailout
	09/15/11 Stalled Stimulus
	09/08/11 Man vs. Wild
	09/01/11 Where are the Jobs?
	08/25/11 The End of Free TV?
	08/18/11 Throw the Bums Out
	08/11/11 Reform the Banking Industry
	08/04/11 Wasteful Spending
	07/28/11 The Value of Values
	07/21/11 Debt Ceiling Debate
	07/14/11 Character Counts
	07/07/11 Improve Public Schools
	06/30/11 Union Thugs
	06/23/11 Pigford II
	06/16/11 Police Violence
	06/09/11 Project Gunrunner
	06/02/11 Makers & Takers
	05/26/11 Voter Fraud
	05/19/11 Spending Con Job
	05/12/11 Tortured Logic
	05/05/11 Crony Capitalism
	04/28/11 Valuable Video
	04/21/11 Ludicrous Laws
	04/19/11 Breaking Point (Maryland)
	04/14/11 Calculating Inflation
	04/07/11 Rewarding Incompetence
	03/31/11 Islam & the Law
	03/24/11 Congressional Staff Bonuses
	03/17/11 Insider Trading?
	03/10/11 Lawsuit Abuse
	03/03/11 Internet Kill Switch
	02/24/11 Budget Backpedal
	02/17/11 Failed Energy Policy
	02/10/11 Auditing the Auditors
	02/03/11 Global Warming Hoax
	01/27/11 Funding Fiasco
	01/20/11 The Blame Game
	01/13/11 Maryland Auto Insurance Fund
	01/06/11 Problems at the Port
	12/30/10 Maryland's Right to Record
	12/23/10 Audit the Federal Reserve
	12/16/10 Return to Fiscal Sanity