In observance of Presidents’ Day, we take a trip back to the civil war era. In 1860, there were an estimated 8,000 state banks, each circulating its own currency. National Banks and our Nation’s dual banking system didn’t come into…
Hawks, Doves and Other Predators
This week we tackle several topics, from the year’s first bank failure to the president’s nominee to replace Jay Powell at the helm of the Federal Reserve. We go on to elaborate on the difference between monetary Doves and monetary…
Controversial Industrial Loan Charter Back in Play
It looks as though we may be getting more new banks this year than we have in long time. Both community bank and industrial loan company (ILC) applications are receiving provisional approvals. Ford and GM are both in the latter…