June 6, 2019—Rep. Michael J. Skindell, a long-time Democratic representative from Ohio’s Cuyahoga County, has introduced a memorial resolution into the Ohio state legislature calling on Congress to pass a new Glass-Steagall law. The substance of House Concurrent Resolution 9 reads as follows: RESOLVED, That we, the members of the […]
By Nancy Spannaus March 30, 2019—The American Enterprise Institute (AEI) in Washington, D.C. hosted a discussion of the rise of today’s “supermarket banks” on March 27. Kicking off the event was Professor Mark H. Rose, who has recently published the book Market Rules: Bankers, Presidents, and the Origins of the […]
by Nancy Spannaus Nov. 1, 2018—It should be no surprise that at its Oct. 31 (Halloween) meeting, the Federal Reserve decided to loosen regulations not only for the banks with a $250 billion net worth, but also for those with assets up to the $700 billion level. This decision reflects […]
October 30, 2018—Tomorrow, according to an Oct. 29 report in the American Banker, the Federal Reserve Board of Governors is expected to take up the matter of implementing S. 2155, the major banking deregulation bill that was passed in the spring of this year. “Specifically, the Fed will unveil details […]
By Nancy Spannaus June 22, 2018—In a June 21 release, the Economic Advisory Committee of the American Bankers Association (ABA) declared that the U.S. economy was “fundamentally strong.” While making a nod toward possible disruptions from the ongoing trade conflict, the 16 economists from the major money-center banks who make […]
May 26, 2018—The pace of deregulation coming from the Trump Administration, and the U.S. Congress, is stunning. And it runs directly contrary to the principles of the Federally-backed credit system which Alexander Hamilton established, called the American System. Here are three prominent examples (many more are likely hidden in the […]
OECD Official at Davos Warns of New Global Crash Jan. 27, 2018—All was not happy talk at the confab of the financial elite in Davos, Switzerland this week. Speaking at the Davos World Economic Forum, economist William White, a veteran of the Bank for International Settlements, and currently head of […]
Nov. 29, 2017—“Are there any rules for the banking industry that should be made stronger?”, Senator Elizabeth Warren (D-Mass) pressed Federal Reserve Chairman nominee Jerome Powell, during his confirmation hearing at the Senate Banking Committee on Nov. 28. “There are no places that we’re lacking,” he said. He supported rewriting […]
By Nancy Spannaus Jan 23, 2020–“The inventor of the dollar hated the speculators,” read the headline of an interview with this author that appeared on the Economy and Jobs page of the Italian daily Avvenire on Sunday January 19. Journalist Leonardo Servadio’s article focused on my book, Hamilton Versus Wall […]
By Nancy Spannaus Jan. 19, 2020—The online Journal of the American Revolution (JAR) prizes a reputation for challenging “myth and legend” in its daily postings of history articles. On Jan. 15, it lived up to that standard by publishing a review of Hamilton Versus Wall Street: The Core Principles of […]
