There's a lot of information out there. Some of it is junk, some of it is frame-worthy. For every dozen foam-spewing-from-mouth rants out there, there's a well-thought-out, factual, logical piece of work that deserves your attention. That's what I try to find every day.
Here are five you might enjoy:
(1) Why the Bank Tax Is Necessary
Reuters blogger Felix Salmon argues that the proposed bank tax threatening banks like Bank of America
(2) The Two Worst Arguments Against the Bank Tax
The New Yorker columnist James Surowiecki ridicules factually challenged opponents of the proposed bank tax -- particularly those arguing that it'll reduce lending by discouraging the growth of liabilities. "[B]anks currently have more than a trillion dollars in reserves, which is effectively cash just sitting in the bank. If they wanted to lend -- and if there was sufficient demand for lending -- they have more than enough capacity to do so without taking another dime in liabilities."
(3) JPMorgan Chase on Modifications
The blog Calculated Risk highlights a conference call exchange between JPMorgan Chase
(4) Volcker Calls for Help Fighting Bank Lobby on Reforms
Former Federal Reserve chairman Paul Volcker is large, loud, and angry. He's dying to get some sort of Glass-Steagall regulation reinstated, but no one will listen to him. Now he's afraid bank lobbyists will crush reform efforts. "If you agree, make your voices heard somehow or another," he says.
(5) Fed Up With the Fed?
CNNMoney columnist Paul La Monica describes why FDIC chair Sheila Bair is worried that the Federal Reserve will inflate another bubble by throwing cash in our faces. He then plows down arguments that inflation is in check, pointing to the rising cost of commodities. "How can anyone with a straight face say that inflation is under wraps as long as you factor out such trivial expenses like eating, driving and heating your house?"
Got any others? Feel free to share 'em in the comments section below.