Posts Tagged: bank


29
Apr 09

Daily Links for April 29th


24
Feb 09

Daily Links for February 24th

  • “The Stupid Party”—By Scott Horton (Harper’s Magazine) – My theory is that the American public would be happy with an opposition party that plays a constructive role in governance by forcing the exploration of the government’s proposals and putting forward its own alternatives. Our experience as a democracy is that such a process of lively public debate helps us move to correct answers. But the Republicans are not behaving as a responsible opposition party. Their behavior reminds us of John Stuart Mill’s label for the unconstructive Tories: he called them the “stupid party.”

31
Jan 09

Daily Links for January 30th


26
Nov 08

Now how many ‘bad banks’?

In an April 2008 post titled “Which one’s are the bad banks, anyway?”, I noted that the secretive FDIC list included some 76 institutions.  The list is currently at 171.  While both of those numbers are less than the total number of bank failures during the Great Depression and the Savings and Loan Crisis, the amount of money in play makes the case as to why this situation is comparable if not worse.


19
Sep 08

Bailout.

Make no mistake, it is coming. They are clearly in panic mode [nakedcapitalism via Economist's View]:

“We have lost control,” said Hale, quoting [Federal Reserve Chairman] Bernanke. “We cannot stabilize the dollar. We cannot control commodity prices.”

(Please note that they really could never control it anyway, regardless).

The NYT says:

The head of the Treasury and the Federal Reserve began discussions on Thursday with Congressional leaders on what could become the biggest bailout in United States history. While details remain to be worked out, the plan is likely to authorize the government to buy distressed mortgages at deep discounts from banks and other institutions. The proposal could result in the most direct commitment of taxpayer funds so far in the financial crisis that Fed and Treasury officials say is the worst they have ever seen.


2
Jul 08

Hero Worship.

A couple of semesters ago, I read a Businessweek article on Home Depot then-CEO Bob Nardelli’s plan to turn around Home Depot.  BW glowingly reported on Nardelli’s personnel changes and differing style, with his strong preference for hiring former-military persons in key rolls.  Anecdotally speaking, a masters program classmate who was also a Naval Academy graduate mentioned that Home Depot had indeed made a push for hiring employees who were formerly Officer Grade to run their stores, casting the opportunity as entrepreneurial.  Businessweek gave several hints as to what was coming in their description of Nardelli’s style:


18
Apr 08

Which ones are the bad banks, anyway?

At the very bottom of recent stories announcing the need for expanded staffing at the FDIC by 60%, with an emphasis of recruiting S&L Crisis veterans (WSJ, subscription required), was a sentence stating the following:

There are 76 banks on the FDIC’s “problem institutions” list – which would equate to about 10 expected bank failures this year. About six banks fail per year on average, FDIC officials said.


3
Apr 08

Daily Links


9
Mar 08

Daily Links

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