How will TEXIT affect banks in Texas?
Banking institutions are already covered by a regulatory regime that makes for a smooth transition during Texit. Existing federal law already allows foreign banks to operate in the United States through a direct banking office or a nonbanking representative office. Foreign banks also run standard consumer retail banks with their deposits insured by the Federal…
Will Texas have its own currency?
When a nation-state first gains independence, in the absence of its own currency, it usually declares, unilaterally, the currency that is common to the region as its official currency. This is called an informal currency union. In the early days of independence, doing so provides for economic stability as consumers and businesses can continue to…
How will Texas handle natural disasters without FEMA?
Texans are no strangers to natural disasters. Any notion that Texas needs FEMA is misinformation at best and a blatant lie at worst. It is important to remember that FEMA does not do any actual immediate disaster relief. That is handled by the Texas Military Department as well as local and State law enforcement and…