Clinton Plan Would Deepen Banks' Problems

When a presidential candidate ahead in the polls volunteers that he intends to create a "different sort of banking system" and that "a certain at is exactly what Gov. Bill Clinton recently told a group of reporters in Little Rock, Ark. Without so much as a nod toward the need for regu...

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Bibliographic Details
Published inThe American banker Vol. 157; no. 188
Main Author Ashley, Thomas L
Format Newspaper Article
LanguageEnglish
Published New York, N.Y SourceMedia 29.09.1992
Subjects
Banking industry
Banks
Economic recovery
GDP
Gross Domestic Product
Presidential elections
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Summary:When a presidential candidate ahead in the polls volunteers that he intends to create a "different sort of banking system" and that "a certain at is exactly what Gov. Bill Clinton recently told a group of reporters in Little Rock, Ark. Without so much as a nod toward the need for regulatory relief or for a more efficient banking structure as part of a modern, integrated financial services system (the model of all industrialized nations except the United States), the Democratic candidate made clear that his preference instead is to rely on greatly expanded credit allocation through a nationwide system of federally mandated lending - in other words, the model of a developing country. System Invites Abuse Absent from Gov. Clinton's thinking is any hint that the private sector has anything to do with economic recovery. Competition Stifled
ISSN:0002-7561
1945-578X