A collection of new banking resources from around the internet:
- What’s Inside America’s Banks? – This Atlantic Monthly feature reads like a horror story; but not, in my opinion, because of any concern about what remains on bank’s balance sheets. Instead, the story instills fear based on misunderstandings about bank financial statements, and what politicians could do in an effort to “fix” the situation. This should be required reading for anyone involved in promoting the banking industry, or anyone looking to raise capital for a bank, as regardless of the misstatements and understandings, I think they do represent an honest view of how banks are perceived.
- The Origins of the Piggy Bank – Leave it to the Federal Reserve to provide this short history of piggy banks.
- Lessons from the Financial Crisis and Policy Implications – Federal Reserve Vice Chair Janet Yellen delivered this speech on interconnectedness and systemic risk on January 4, 2013.
- The Fiscal Cliff Deal that Almost Wasn’t – This Politico feature looks at the road to the fiscal cliff deal. In my books, any political summary that includes a Senator saying “Go f— yourself” is a summary worth reading.
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