Checks Without Banks: The Irish Banking Strike
December 17, 2010 7:42 AM Subscribe
The Irish Banking Crisis: A Parable
posted by kliuless (38 comments total)
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- What happened when the Irish stood up
to the bankers
in the 1970s? cf. Why Wall Street won't get shrunk
& The Inequality That Matters
Maybe, just maybe, banks need people a lot more than people need banks. Perhaps that's true for the whole imperious, plodding gamut of yesterday's zombie institutions, from corporations, to newspapers, to governments. Perhaps people and societies are a tiny bit more adaptive, resilient, intelligent, and creative than yesterday's institutions assume. And perhaps failing to recognize that is what's really at the root of this great crisis.
Too Big to Succeed
- How is it possible that post-crisis legislation leaves large financial institutions still in control of our country's economic destiny? One answer is that they have even greater political influence than they had before the crisis.
[By Thomas M. Hoenig
, president of the Federal Reserve Bank of Kansas City]
Patterns versus rules
- I'm increasingly sceptical that the fortunes of the richest Americans are overwhelmingly the result of their having created new wealth rather than an effect of the way the institutional rules of the game determine winners and losers.
Hangover theory and morality plays
- But people do claim that in aggregate “we” deserve and must endure a period of recession because “we” overconsumed and invested poorly. The right response to that story is, “Who the fuck are this ‘we’ of which you speak,