Sentences with phrase «commercial banking system»

This self - imposed blindness has cost the economy trillions of dollars and has left a dysfunctional commercial banking system.

In short, if commercial banking systems in nearly every country have become de-industrialized and perverse, their enablers have become central banks.

Greece is a small country of 11 million people, its economy constitutes roughly 2 % of the EEC and the international commercial banking system has little exposure to the country's debt.

The banks have been acting almost as a financial gang in pressing not only to support the Federal Reserve chairman who is a deregulator (and the Federal Reserve is supposed to essentially represent the interests of the commercial banking system), but the banks also now have supplied the Treasury Secretary and the Treasury Secretary is not supposed to represent the banks.

The commercial banking system limited its activities to advancing ready cash against export orders and extending other short - term business credit, duly collateralized.

A virtual currency could do that by making it easy to move money entirely out of the commercial banking system with a mouse click during a panic.

But under this new arrangement, liquidity goes out to the capital markets through the Fed's new programs, but not out (at least not directly) to the commercial banking system and the general economy.

The bill must still pass the House, but the more US states move to integrate cryptocurrencies into their taxes, the more it stands to undermine the commercial banking system.

«The Fed's primary mission is to control the nation's money supply by regulating the commercial banking system, particularly the bank holding companies, which are increasingly competing against the two companies in the secondary mortgage market.»