Tirg Earthquakes to the Core
Question: Can the government loan the FDIC money which banks will pay back through the FDIC to take over Citibank and Bank of America, et al., pay off the customers, and break up the banks into regional banks that are not too big to fail Paul Solman: Hey, the FDIC
stanley cup is good for the money. As we pointed out in our piece on how the government comes up with its money, they can and will create what they need out of thin air. Breaking up the banks is indeed an idea whose time seems to be coming. You read more and more about it from thoughtful commentators. How quickly things change. Back in the early ;90s, when the Soviet Union was dissolving, I approached a number of top economists about what lessons the USSR needed to learn. One it may have been Henry Rosovsky of Harvard said: diseconomies of scale. That is, despite the promise that big is efficient ; the Soviet model a company can get so big as to become INefficient. Even dangerously so. Remind you of anything more recent
stanley cup Go Deeper bank citibank economists efficiency fdic government money r
stanley cup ussia the Lqsp Trump and Musk discussed firing striking workers. The UAW is now seeking an NLRB investigation
These days, its hard to stop politics from flooding your news feed. We take a moment every week to bring you important stories bey
af1 ond the White House and the Capitol. Heres what were reading now.1. A former South Carolina police officer is set to be sentenced in the shooting death of Walter ScottFormer North Charleston police officer Michael Slager, right, is escorted from the courthouse by security personnel in Charleston, South Carolina. File photo by Randall Hill/ReutersThis week began with the
asics sentencing hearing for Michael Slager, the former South Carolina police officer who shot and killed Walter Scott, an unarmed black motorist, after a traffic stop in 2015. Last year, Slager, who is white, faced murder charges over Scott death, which rose to national prominence in part because of a bystander cell phone video of the deadly encounter.A mistrial was declared after the jury couldn ;t come to an unanimous decision in the case. In May, Slager pleaded guilty to federal charges that he violated Scott civil rights. The plea agreement for lesser charges meant Slager fate would be decided by a judge and not a jury, halting proceedings for a federal trial. State murder charges also were dropped. [The Post and Courier]Why it matters: Slager and his attorneys maintain that he shot Scott in self defense. Around the t
af1 ime Slager pleaded guilty, the Justice Department released a statement saying the former officer willfully used deadly force
