{"id":193016,"date":"2009-01-28T00:00:00","date_gmt":"2009-01-28T05:00:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/01\/28\/back-to-1980\/"},"modified":"2009-01-28T00:00:00","modified_gmt":"2009-01-28T05:00:00","slug":"back-to-1980","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/01\/28\/back-to-1980\/","title":{"rendered":"Back to 1980*"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=amzPxbvp.Pes&amp;refer=home\">FDIC Proposes is suggesting interest rate caps on banks<\/a> that are not &#8220;Well Capitalized&#8221; under accounting rules:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>The FDIC recommended banks be limited in tapping higher- cost sources of funds, such as brokered deposits, and be barred from paying rates that exceed a national average plus 75 basis points. The agency also said premiums paid to insure deposits should be based on risks faced by the banks that fail to meet regulatory requirements.<\/p><\/blockquote>\n<p>The bank industry lobbyists are screaming, &#8220;Nationalization,&#8221;  of course, but that&#8217;s what they do whenever there is an attempt to regulate.<\/p>\n<p>It really is amazing just how much <span style=\"font-weight: bold;\">every<\/span> rollback of New Deal regulations has resulted in disaster.<\/p>\n<p><sup>*<\/sup><span style=\"font-size:78%;\">That&#8217;s when statutory limits on interest rates for deposit accounts were repealed.<\/span><sup>\u2020<\/sup><br \/><sup>\u2020<\/sup><span style=\"font-size:78%;\">That was when <span style=\"font-weight: bold;\">Jimmy Carter<\/span> was President.  The regulatory origins of this crisis, as well as the Savings and Loan debacle, start with him<\/span><sup>\u2021<\/sup><br \/><sup>\u2021<\/sup><span style=\"font-size:78%;\">Yet another reason I hate &#8220;Saint Jimmy.&#8221;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FDIC Proposes is suggesting interest rate caps on banks that are not &#8220;Well Capitalized&#8221; under accounting rules: The FDIC recommended banks be limited in tapping higher- cost sources of funds, such as brokered deposits, and be barred from paying rates that exceed a national average plus 75 basis points. The agency also said premiums &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,985],"tags":[],"class_list":["post-193016","post","type-post","status-publish","format-standard","hentry","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193016"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=193016"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193016\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=193016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=193016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=193016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}