Hoenig would be good on Too Big to Fail because it is too expensive. Very right wing otherwise.
Michael Perelman Economics Department California State University michael dot perelman at gmail.com Chico, CA 95929 530-898-5321 fax 530-898-5901 www.michaelperelman.wordpress.com From: [email protected] [mailto:[email protected]] On Behalf Of Shane Mage Sent: Friday, July 26, 2013 8:12 PM To: Progressive Economics Subject: Re: [Pen-l] LARRY SUMMERS FOR THE FED -- NOT! On Jul 26, 2013, at 10:31 PM, [email protected]<mailto:[email protected]> wrote: I don't see how the Fed has enough clout to make major improvements to the US economy. Is there something the Feds can do beside manipulate the short term interest rate? The Fed has regulatory authority over the whole banking system. A compliant Fed is essential to the banksters. Summers and Yellen have proven their compliance. Yves Smith thinks the only decent choice would be Hoenig, who is not even being considered. Shane Mage "Thunderbolt steers all things." Herakleitos of Ephesos, fr. 64
_______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
