by Rodger Malcolm Mitchell, www.nofica.com FDIC is an excellent program that protects bank depositors. Its limits are too low (in my opinion), but otherwise it does what it is supposed to do: Allow people to make deposits without the fear that these de… more »

by guest author Chris McConnell TBTF (too big to fail) banks kept a massive secret from other market players, as well as regulators. In academic circles it’s called an “information advantage.” Joseph Stiglitz won a Nobel Prize for it in 2001. "Market economies are characterized by a high degree of imperfections," Stiglitz said during a press conference held at Columbia. "Older models assumed perfect information, but even small degrees of information imperfections can have large economic consequences. Our models took into account asymmetries of information, which is another way of saying 'Some people know more than others.' " more »

RooBy "regime preserving" we mean end-games that don't need the sweeping systemic changes that characterized the administrations of Andrew Jackson or Franklin Roosevelt. In fact, the regime preserving end-games discussed below could keep most of the current institutions (e.g., the Federal Reserve) in place, even if those institutions are pushed far outside of their conventional operating zones. more »