What’s wrong with this picture?
Budgeting for the Next Round of Bailouts?
May as well be prepared.
China Acts Like a Grownup, US Gov Should Pay Attention
China is acting responsibly to head off an economic crisis. Imagine that.
Volcker: No Need for Commercial Banks to be Hedge Funds
Paul Volcker’s op-ed explaining the Volcker Rule.
Regional Banks are movin’ and groovin’ lately, here are some possible reasons why…
TRB vs Carney on the Big Bank Tax
Since neither the construction nor the operation of TARP or its sister programs was constitutional to begin with, it is an absurdity to argue that the addition to this program of a new recompensatory feature violates the constitution. This would be like arguing about what color a unicorn’s tail is supposed to be.
A Guide To Recieving Your Share of Wall Street's Bonuspalooza
According to the Wall Street Journal, banking bonuses will hit $145 billion for 2009, a well-justified figure when you consider the heroic sacrifices Wall Street made in order to get interest rates dropped to zero forever.
Rather than complain about this windfall to our nation’s best and brightest and most scrupulous, why not focus on how YOU can get in on the action?
Sign O The Times: Tween Girl Bank Robbers
With record high teen unemployment and the skyrocketing cost of Jonas Brothers tickets, I’m surprised we haven’t seen even more of this type of thing… From the NY Post: Two girls who police believe are aged about 12 and 14 robbed a bank Tuesday in Symmes Township, Ohio, and evaded police capture despite helicopters and…
Glass-Steagal Comeback: Maybe a Good Idea…Just Not Now
I don’t have a strong opinion on what a new banking separation rule should look like just yet, but I do feel strongly that now is probably not a great time to ramp something like this up.
Bank of America: "I Told Ya I Was Good For It"
What a way to make an exit! From DealBook: Bank of America said late Wednesday that it would repay its entire $45 billion in government bailout money before the end of the year…“We appreciate the critical role that the U.S. government played last fall in helping to stabilize financial markets, and we are pleased to…