2012 conventions 2012 election 2013 session arts arts and culture author ballot measures basketball bomb books boy scouts budget bullying business charlie hales children clackamas climate change coal college courts crime culture culture club democrats drugs economy education environment family film fluoride food gay rights guns handguns health health care health insurance high school history housing immigration internet kitzhaber language law legislature lgbt literary arts living marijuana marriage media medicine mental health military minor parties mohamed mohamud movies music native americans news newspaper obama olympics oregon our town parenting pers photography police politcs politics port portland portland business journal president prevention public safety religion republicans rnc romney rural salem sam adams sandy hook schools science shooting sports suicide supreme court taxes technology television terrorism theater third parties transportation union university of oregon washington wildfire women

Fred, you misunderstand what Ted suggested.  Banks and Credit Unions HAVE to hold onto reserves because that's the way those funds are collateralized.  He's not saying to scrap that requirement, but rather to restructure that collateralization on a national scale so that more of those funds are voluntarily available for lending.

It is a complex subject.  I work in the financial industry, so it's apparent to me that it's not double-speak, but rather just that Ted Wheeler knows what he's talking about.  (Though it sounds very nerdy, he's obviously got a firm handle on these concepts.)

posted 2 years, 7 months ago
view in context