Well Texas probably would be fine. In the early 20th century a run on the banks was almost standard M.O. in Europe and America. What era do you want an example from? Bottom line is that when banks are tanking (as BofA and WF were) people want to put them money in their mattresses and not into a bank that cannot pay its bills.There were a number of bailouts so lets make sure we are on the same page, which bailouts did you support if any? I don't recall a run on the banks so enlighten me. Of course I live in TX which seems to be better off than the rest of the country and may have missed it.
The sitting chairman of the largest Federal Reserve Bank makes policy. Obama goes to G-20 and other economic forums to hold hands with Cameron and kiss Merkle on forehead. The real economic policy is made by commissioners, or their equivalents, elsewhere. It's not a conspiracy.You are kidding, right, you believe I am for public sector jobs? Haven't been around much have you? Read my posts. I am for the private sector and believe the govt. is too big and that size is promoted by Obama. If Obama doesn't make economic policy with a Democrat Congress who does?
I totally meant "private" instead of "public". Sorry, I should proof-read.