European Tribune - Comments - Obama's Emergency Banking Act of 2009

Obama's Emergency Banking Act of 2009 | 83 comments (83 topical, editorial, 0 hidden)

Re: Obama's Emergency Banking Act of 2009 (none / 0)

Yes, but you propose to put them in custody.

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Feb 11th, 2009 at 06:40:53 AM EST
[ Parent ]

Re: Obama's Emergency Banking Act of 2009 (none / 1)

Maybe you ae not aware that virtually all stocks and shares are held by nominees and custodians?

Institutions don't trade shares - they trade the beneficial interest in the shares...

Nothing new there.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Wed Feb 11th, 2009 at 07:04:39 AM EST
[ Parent ]

Re: Obama's Emergency Banking Act of 2009 (none / 0)

I wasn't clear. I meant that I don't see any proposal in Geithner's plan to put the problematic assets in custody, as you would propose doing.

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Feb 11th, 2009 at 07:32:43 AM EST
[ Parent ]

Obama's Emergency Banking Act of 2009 | 83 comments (83 topical, 0 editorial, 0 hidden)

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