Banking Crisis and Erosion of Prosperity Message Board

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Politics : Banking Crisis and Erosion of Prosperity

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To: Rational who wrote (3)	4/5/2009 9:57:40 PM
From: Rational	of 4

The country needs a Safe Banking Policy, not nationalization or continual pumping of artificially created money to bankrupt banks. Safe Banking Central (http://www.safebankcentral.com/) presents a 2003 safe banking policy paper "An Excellent Early Thought." The link to that paper is: Safe Banking (2003) pro-prosperity.com There is a newish paper by the same author: Safe Banking to Avoid Moral Hazard (2008) pro-prosperity.com The Worldpress has a good coverage of the safe banking policy. beezernotes.com Google search for information on safe banking policy yields 64 million entries. The published Safe Banking Policy paper comes as the 9th entry. It may thus be gaining momentum among the policymakers around the world: google.com The author of safe banking policy says: Bailout is suboptimal and safe banking is optimal for taxpayers: pro-prosperity.com The author claims that the current meltdown would not have occurred if the safe banking policy proposal were implemented in 2003 when the Congress considered but buried it under pressure from FRB and Treasury: pro-prosperity.com

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