by Simon Jenkins · 7 Nov 2024 · 364pp · 94,801 words
contractors convinced housing minister John Prescott to donate £2.2 billion of taxpayers’ money for the clearance of remaining run-down areas to use as ‘land-banks’ for future rebuilding. The project was tastelessly named Pathfinder, after Bomber Command’s wartime targeting German cities. An extraordinary tally of 100,000 houses were
by Frank J. Fabozzi, Steven V. Mann and Moorad Choudhry · 14 Jul 2002
and related service organizations. Six Farm Credit Banks and one Agricultural Credit Bank make direct long-term real estate loans to farmers through 32 Federal Land Bank Associations. The banks also provide loan funds to various credit associations, which in turn make short-, intermediate-, and long-term loans to farmers. The FFCS
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, 162 dealer group, 53 discount notes, 53 Reference Bills, 54–57 auctions, 54 Federal Housing Authority (FHA), 155, 202 Federal Housing Finance Board, 58 Federal Land Bank Associations, 59 Federal National Mortgage Association (FNMA), 45, 47–53, 154–155, 197 Benchmark Bills, 47–53 CMOs, 162 discount notes, 47 Federal Open Market
by Barbara Minto · 2 Jan 2010
oppor;~ I ties arising through I the norma! growth of the economy Expand lending through Acceptance Credits E Finance expansion in __ building and construction Finance land banks Make financing for new house building schemes totally comprehensive --~ Capitalize on increased - - EC trade and investment 1 Participate in the growing number of overseas projects
by David Graeber · 13 Aug 2012 · 284pp · 92,387 words
the Revolutionary War debt. The popular demand was to let it inflate away into nothing and base the currency on paper notes issued by local “land banks” under public control. The Continental Congress took the opposite approach, following the advice of wealthy Philadelphia merchant Robert Morris (apparently no relation to Gouverneur) that
by Ann Pettifor · 27 Mar 2017 · 182pp · 53,802 words
-celebrated fellow countryman Adam Smith. Law’s books Money and Trade: With a Proposal for Supplying the Nation with Money (1705) and Essay on a Land Bank (1720) paved the way for the advanced monetary systems in place today.4 Presidents Thomas Jefferson (1743–1826) and Abraham Lincoln (1809–61) also understood
by Norbert Haring, Norbert H. Ring and Niall Douglas · 30 Sep 2012 · 261pp · 103,244 words
, on the other hand, were not served by the existing banks in their financial needs and were deeply in debt, mostly with tax liabilities. The land banks proposed as the main alternative to the merchant banks would benefit them the most. These public entities would issue government bills of debt secured by
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would earn interest on the money created and would thus need fewer taxes (Nettels 1962). As these strong financial interests opposed each other, fights over land banks broke out in various states. Pennsylvania saw a violent collision between the proponents of state paper and partisans of merchants’ banks after the state pushed
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accepted for duty and taxes on par with gold (Rothbard 1985/2008). Morris suffered a setback, though. In the charged climate of the fights about land banks in 1785, his Bank of North America was accused of abusing political power. In September 1785, the Philadelphia legislature annulled the bank’s state charter
by Ray Oldenburg · 30 Nov 2001 · 215pp · 71,155 words
were “absolutely insane.” None of them mentioned the hundreds of jobs, businesses, and property tax revenue that had disappeared as a result of UIC’s land banking. The city read off a long list of community organizations that supported South Campus expansion. Every one of these groups did business with the city
by David Birch · 14 Jun 2017 · 275pp · 84,980 words
France. France, incidentally, went on to become the source of all sorts of crazy money experiments that ended in disaster: the assignats, John Law’s land bank, the Latin Monetary Union and … the euro. The past begins with money as debt in commodities and then a commodity (anything from grain to seashells
by Robert Skidelsky · 13 Nov 2018
Kynaston (2017), p. 93. A forerunner of the real bills doctrine was put forward by the speculator John Law (1671–1729), loans from whose proposed land bank were to be collateralized on the ‘productivity of the soil’. Thornton (1802). Schumpeter (1954), p. 720. Thornton (1802), p. 287. Ibid. Select Committee on the
by Owen Jones · 3 Sep 2014 · 388pp · 125,472 words
, the director of the CBI, the big-business federation. According to the Conservative Mayor of London, Boris Johnson, Miliband’s commitment to a crackdown on land-banking amounted to ‘Mugabe-style expropriations’, while Graeme Leach, chief economist at the Institute of Directors, saw it as ‘a Stalinist attack on property rights’. Miliband
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