Just like the American family!

Two high profile bipartisan budget commissions have been working on plans to return the US to fiscal balance.  One, under the auspices of the Bipartisan Policy Center (a non-profit group), is chaired by former Senate Budget Committee Chairman Pete Domenici (R-NM) and former Clinton White House Budget Director (and former Federal Reserve Vice Chairman) Alice … Read more

Bank capital and why it is important

Since I will return to the subject of bank capital, it is probably worth spending a few lines describing what it is and why it is important. You can’t start a bank—or any new enterprise, for that matter—without some start-up funds.  Or, as Gus Grissom says in The Right Stuff: “No bucks, no Buck Rogers.” … Read more