Sunday, February 1, 2009

To Watch in February

"as lawmakers and the public learn in real time that the classic points of Robert Barro and of Merton Miller and Franco Modigliani apply well in the present situation, their frustration will lead to demands to regulate more closely the operations of banks receiving Treasury funds."

I published this in November 2008. February 2009 will be the month when you see significant new regulation of banks receiving Treasury funds.

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