re: #120 000G

Morning! Seen this?

NO, I didn’t.

Well, I read about Glass-Steagall and it’s slow, painful destruction. Did you know the original legislation outlawed interest bearing checking accounts?

I read about the Free Banking Era —in which most banks were State Banks and failed within 5 years.

The Shadow Banking Scholarly paper is so scholarly, it may take a re-read of certain parts to totally digest it.

Fannie and Freddie aren’t going away unless we have something to replace them with —which would take years and more patience than I have.

That’s all I can remember now.