---------- Forwarded message ---------- Date: Wed, 23 Dec 1998 10:22:36 -0600 From: David Burress <[EMAIL PROTECTED]> Reply-To: [EMAIL PROTECTED] To: [EMAIL PROTECTED] Subject: [CIVIC_VALUES] banking on greedy economists The Bankers Roundtable in Washington DC has issued a *call for papers* in a letter sent to me and presumably to many other economists. The letter offers $5000 plus possible publication for papers that *...can demonstrate any or all of the following: (1) that banks are not the beneficiaries of a subsidy from the federal safety net, particularly when the costs of banking regulations associated with the safety net are taken into account; (2) that other nonbanking companies may have operating or other competitive benefits that offset in whole or in part a subsidy effect for banks from the federal safety net; and/or (3) that regulatory barriers and safeguards exist or can be fashioned to contain any subsidy effect, if it should exist, and prevent its transmission to bank affiliates and operating subsidiaries. *The Roundtable is seeking papers to support any or all of the above using accepted economic/financial theoretical frameworks and supporting data.* So much for unbiased research in economics; why take a chance when you can buy the right answer? David Burress Lawrence KS
