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WASHINGTON In the past week, two top-20 American banks failed. A bank failure occurs when government regulators determine that the current and likely demand ....
This month, two top-20 American banks failed. A bank failure occurs when government regulators determine that the current and likely demand for a return of deposits cannot be met. When this determination is made, the feds enter the picture and declare the bank insolvent, order it to close, and go running to the Treasury Department… ....
In the past week, two top-20 American banks failed. A bank failure occurs when government regulators determine that the current and likely demand for a return o ....
Supreme Court Justice Joseph Story was a National Republican, and the basic constitutional thesis of national republicanism was that the Constitution establishes a national government with the power to provide the legal, financial, and physical infrastructure for a dynamic and expanding national economy that involves extensive interstate and international commerce (in the sense of buying and selling). Story’s doctrine of the Constitution implemented each of those principles. He was a proponent of a strong federal judiciary in the sense of one with broad jurisdiction. In Story’s vision of America, good government supported the efforts of the virtuous and industrious to make economic and moral progress. However, Martin Van Buren saw Story’s political system as one ruled by self-interested elites who were not faithful agents of the people, and sought to invent a political instrumentality more powerful than Congress, the President, and the federal courts put together: a modern politi ....