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HHJ Forum Topics
- All Comments on HHJ
- General Discussion on HHJ
- Watch Expenses & Spreads For HealthShares, PowerShares, WisdomTree ETFs [view article]
- Interview With X-Shares Founder & Chairman, Jeffrey Feldman [view article]
- ETF Fund Revenues: A View from the Bottom [view article]
- Why Isn't the Government Capping Credit Card Interest Rates? [view article]
- Healthcare, Pharma and Biotech ETFs [view article]
- Interactive Q&A: Jeffrey L. Feldman, Creator of HealthShares and Founder and Chairman of XShares Group LLC [view article]
- Sixty-Seven ETF Filings For a New Year [view article]
loading ...Recent HHJ Articles
- Inverse, Healthcare ETFs Raise the Roof in July
- ETF Fund Revenues: A View from the Bottom
- 2007 Returns: Markets, Indeces and ETFs
- Why Isn't the Government Capping Credit Card Interest Rates?
- Interview With X-Shares Founder & Chairman, Jeffrey Feldman
- Watch Expenses & Spreads For HealthShares, PowerShares, WisdomTree ETFs
- Healthcare, Pharma and Biotech ETFs
- Interactive Q&A: Jeffrey L. Feldman, Creator of HealthShares and Founder and Chairman of XShares Group LLC
- Healthshares Debuts Five New ETFs: Are the Funds Too Narrowly Focused?
- New HealthShares ETFs To Launch Today
- Full List of Articles »
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Tiedeman
ETF Fund Revenues: A View from the Bottom [view article]
Nice data! Thanks! ReplyWhy Isn't the Government Capping Credit Card Interest Rates? [view article]
The Credit Card Companies are now run by the Mafia and the Corporate Fascists that are now taking complete control of this country. It amazes me that anyone would vote Republican in the Fall considering all the current crisis. It's like your on a sinking boat and most of the people aboard are cheering the guy on who is poking holes in the ship. The right wing "mind controlled" voters would vote for a monkey as long as they say "I'm a Conservative." As far as a free market? Free markets such as rich Corporations and Politicians taking taxpayers money and Companies like Washington Mutual jacking their rates up to 30% on people who great credit scores for their Bailout? Why not give the people paying 30% interest a Bailout. There's gonna be a revolution soon if this keeps up and I don't think the outcome will be pretty. Remember Nazi Germany and Corporate Fascism lost in the 1940's and I suspect the new fascism in America will be defeated. ReplyEditors
General Discussion on HHJ
Is this a buy or a sell? ReplyWhy Isn't the Government Capping Credit Card Interest Rates? [view article]
Yes the FED should control - indeed eliminate interest rates on commercial bank liabilities...What should be done? As a long-term proposition, the Federal Reserve should re-apply and then gradually lower REG Q ceilings until the commercial banks are out of the savings business. Outside of the commercial banks, interest rates would be left to the market place. What would all of this do? The commercial banks would be more profitable - if that is desirable. Why? because the source of all time deposits is demand deposits directly via the currency route or through the commercial banks undivided profits accounts. Money flowing "to" the intermediaries actually never leaves the commercial banking system as anybody who has applied double-entry book-keeping on a national scale should know. The growth of the intermediaries cannot be at the expense of the commercial banks. And why should the banks pay for something they already have? I.e., interest on time deposits ReplyWhy Isn't the Government Capping Credit Card Interest Rates? [view article]
Kurt WalterI agree with you that the government should not set credit card interest rates as they shouldn't seek to set any interest rates in a free market. The fact of the matter, and the point of my commentary, was that the Fed is purportedly lowering rates to help homeowner keep their home. Indeed, if they intend to have an effect they should rather get the multiplier effect of a cut in credit card rates and actually have an impact. Like it or not the data say America by and large is a fiscal fool. Reply
Why Isn't the Government Capping Credit Card Interest Rates? [view article]
Wayne Miller:"The Fed is nothing more than a lobbyist for the banking system" Yes, Yes, & Yes
The Fed, though intended to be an “independent” agency has, like the Supreme Court, “followed the elections”.
We don't have captialism, we have regulated capitalism.
We have an “elastic” currency “aided and abetted” by “elastic” legislators. We have perennial Walter Wriston caricatures pressuring the House Committee on Financial Services & the U.S. Senate Committee on Banking, Housing, and Urban Affairs. We have a conspiratorial organization that goes by the name of the American Bankers Association - with its well funded lobbyists.
The Board of Governors is self-described as: “subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute” Even so, the Fed is “connected at the hip” with Congressional allies, a la Greenspan, who the New York Times called a “three-card maestro”.
The Fed’s research is politically coordinated, targeted to justify its monetary policy objectives - those that appease the banking community. It’s as the university professor said: “innovate away from home”. Academic freedom has become the “barbarous relic”.
The great German poet and playwright Bertolt Brecht would have agreed and once said it was "easier to rob by setting up a bank than by holding up (one)."
Reply
Why Isn't the Government Capping Credit Card Interest Rates? [view article]
To be more specific on why your post is so off base. You wrote, "As each house is foreclosed, the banks themselves are put in a more perilous financial condition, since they ordinarily leverage each loan at a ratio of 20:1 for deposits held." Please name which banks have a 20:1 leverage on deposits. You would be in the ballpark if you said equity, but deposits, give me a break. Only a few banks have more loans than deposits, and they would have borrowed through fed funds which are not much different than CDs.You do realize that if you capped interest rates on credit cards that finance companies would earn less money yet see little decrease in write offs and they would likely quit issuing credit to higher risk borrowers.
Reply
Lofrano
Why Isn't the Government Capping Credit Card Interest Rates? [view article]
Yeah, just what we need, more inducements for Americans to take on more debt.Green energy is a great idea but not for the reason Al Gore says it is. Al Gore is riding a wave of a populist delusion. Soon enough--in geological time, that is--the climate will swing back in the opposite direction (and it will) there will be a different bunch of hysterics to warn us about global cooling.
Oh yeah. Thee world is coming to an end, just as it has been predicted 20 other times in my lifetime. Hurry. Everyone in to the cave. The sky if falling. Reply
Why Isn't the Government Capping Credit Card Interest Rates? [view article]
The Federal Reserve was set up to funnel U.S. wealth to the international bankers. Americans, (at least 95% of them), simply will not admit they are silent partners in the raping of America. Maybe when they are homeless and starving they will at least admit they are getting screwed without so much as a kiss. But I doubt it. What WILL happen is that the federal government will set-up some innocent sector of the economy as the fall guy for the ruinous devastation to the U.S. economy. And the sheople will nod knowingly, (or so they think), at each other and go on living their lie. ReplyWhy Isn't the Government Capping Credit Card Interest Rates? [view article]
The govt. has no business setting credit card rates.We have enough entitlement, socialist policies already. If you don't like credit card rates then don't accumulate credit card debt. That lousy debt is for people that live beyond their means. Letting your credit card balances roll from month to month is for fiscal fools. ReplyWhy Isn't the Government Capping Credit Card Interest Rates? [view article]
Lawrence: Your comments are perfectly on target. This Spring I was asked by the Board of Governors of the Federal Reserve to construct a training program for bank auditors to audit fiduciary accounts within the US banking system. Our expertise in fiduciary governance is what had them call me in the first place. I didn't seek them out.I was able to get four of the most senior partners involved in regulatory affairs from White & Case in New York to jointly do the proposal with me. We submitted it and were turned down.
In spite of the fact that a couple trillion of fiduciary assets are under the jurisdiction of the banking system, the Fed chose to hire an organization of people from financial services who train financial service organizations.
I was flagergasted and wrote to the woman in charge of the RFP process.
The Fed is nothing more than a lobbyist for the banking system and this was also evident in their willingness to allow the brokerage community to engage in "tying" relationships. Though against NASD regulations at the time - the Fed again bailed out the banks to the detriment of the beneficiaries of fiduciary Trusts who count on the integrity of the system and the regulatory imperative to have some measure of decency.
Our system is thoroughly corrupt and morally corrupt and this it is from these seeds that we sow our own destruction. We have nothing to fear but our collective unwillingness to face the consequences of our collective actions.
I do a lot of work in the Arab world. They know this about us. So does everyone else.
Respectfully,
Wayne H. Miller
Chief Executive Officer
Denali Fiduciary Management Reply
Why Isn't the Government Capping Credit Card Interest Rates? [view article]
Your analysis is stunningly off base. Little of what you say is accurate, and your suggestions would do little to help. ReplyWhy Isn't the Government Capping Credit Card Interest Rates? [view article]
Well said. Thomas Jefferson said that there ought to be a revolution every 20 years. We're overdue. ReplyHealthcare, Pharma and Biotech ETFs [view article]
The Matt Hougan article on theme ETF expenses is helpful -- thanks for the pointer. He's right -- makes you want to buy the stocks of the ETF firms more than the ETFs themselves. ReplyWatch Expenses & Spreads For HealthShares, PowerShares, WisdomTree ETFs [view article]
Very interesting article. Spreads and expenses are rising on the new specialty ETFs, while the broad index ETFs are getting cheaper due to competition (eg. the new bond ETFs from State Street and Vanguard).Perhaps investors who want to play themes, (like healthcare subsectors and "green" investing) just don't care about expenses. If that's correct, the specialty ETF providers will have very profitable businesses. Reply