Nathan Tankus
speaker
348 appearances
2 recordings
1 series
first heard Feb 2025
last heard 17 Jul
Nathan Tankus’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
Didn't have.
Yeah, exactly.
I mean, that's a really important point.
The first bank really is the Bank of North America, which is a state chartered institution that it gets like actually multiple state charters and sort of like stitches together a monetary power out of that very Articles of Confederation.
Yeah, that's another point.
It was founded before the Constitution.
And you only start getting banks of New York and all this stuff in the 1890s.
And you don't get general incorporation for state chartered banks until the late 1830s.
Yeah.
It's a total misunderstanding.
And as you're pointing out, all sorts of things, security regulation, financial regulation is cut out of history and tradition by virtue of just like that was the developmental point of the 1780s.
And Clarence Thomas does that.
I do want to pick up since you said the no balance sheet thing.
And before we started, Tracy asked for like really getting into the excruciating detail.
And this is like a big hobby horse of mine, as you know, to really like emphasize the point that.
Lev is making.
So I cut in, well, they do have a balance sheet.
And what I meant by that was, is technically speaking, the Federal Reserve Board is, and subsequently also the FOMC, is funded by assessments on the Federal Reserve Banks.
So you can kind of think of it as similar to the assessments for the FDIC fund, but instead of it being on commercial banks, it is on the Federal Reserve Banks themselves.
And so they have these assessments and they can determine the assessments at wherever they want.
Showing 61–80 of 348 · page 4 of 18
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