I took a boatload of criticism for my position in Berkshire Hathaway last fall. We looked at it as a stealth housing play and a backdoor investment in the beaten-down banks we simply couldn’t bring ourselves to buy directly. And people really hated it. “It’s too expensive and Buffett is too old and the company…
$WFC
Memo to Lyle LaMothe: The Die is Cast
Bigger was never better, it just looked like it was.
Too Big Not To Despise
These big bank stats are mind-blowing…
O-Regional Gangsters
Regional Banks are movin’ and groovin’ lately, here are some possible reasons why…
A Supply Sider Embraces the Too Big To Fail Tax
A former Reagan staffer explains why the tax on giant bailed-out banks is actually a fiscally conservative proposal.
Treasury Department Takes a Victory Lap
I got this little nugget from Big Brother The Office of Public Affairs in my inbox just now… U.S. Treasury Department Office of Public Affairs FOR IMMEDIATE RELEASE: December 23, 2009 CONTACT: Treasury Public Affairs (202) 622-2960 TREASURY RECEIVES $45 BILLION IN REPAYMENTS FROM WELLS FARGO AND CITIGROUP TARP Repayments Now Total $164 Billion WASHINGTON…
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.
