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A web log based on the principle that a civilized society deserves democratic government based on integrity. The premise here is the U.S. democracy has effectively been subverted by oligarchical forces which must be opposed with facts and rational thought. (An RSS feed is recommended.)

Wednesday, February 25, 2009

The Bank Crisis and What to Do

Below is a link to an extremely important and informative article on the subject of the health of our nation's banks. We have all heard that our banks are in crisis. What we have not heard is there is already a law on the books to deal with this crisis! This article by William K. Black, a former regulator who helped clean up the Savings and Loan fiasco of the 1980's, shows what can be done now. It is indeed remarkable that discussion of this law has been suppressed, and I believe it has.


http://www.huffingtonpost.com/william-k-black/why-is-geithner-continuin_b_169234.html

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