Comments on: Good Bank(er) vs. Bad Bank(ers)

By: dunnage

dunnage — Sun, 12 Apr 2009 01:25:52 +0000

I think you need to distinguish between the Money Centers or so-called Investment Banks vs. Commercial Banks.

Commercial Banks did use excessive leverage and they were not the source for sub-prime. Yes, they will pay for their commercial loans — and with all $ going to the few — find that this crisis is extended exacerbating failure rate. But Banks have always been there lending at the end of good times. This time the resources of the world are inaccessible but to the few. As far as our Treasury is concerned the only difference between a regional bank and the UAW is deposits.

By: leftback

leftback — Tue, 07 Apr 2009 22:29:01 +0000

@Lori: A sham? Apparently so. Tiny Tim is delaying the release of the review of The Stressed Ones.

http://globaleconomicanalysis.blogspot.com/2009/04/treasury-to-delay-reporting-bank-stress.html

We are starting to hear more and more honesty and sanity all over the media. The wall is crumbling.

By: FromLori

FromLori — Tue, 07 Apr 2009 19:11:56 +0000

I don’t know why that did not come out correctly so in an effort to make it easier for readers one more try here…

Geithner’s Stress Test “A Complete Sham,” Former Federal Bank Regulator Says

http://finance.yahoo.com/tech-ticker/article/225897/Geithner’s-Stress-Test-”A-Complete-Sham”-Former-Federal-Bank-Regulator-Says?tickers=UBS,C,BAC,XLF,SKF,FAS?sec=topStories&pos=9&asset=TBD&ccode=TBD

William K. Black it was Fraud

http://www.pbs.org/moyers/journal/04032009/watch.html

By: FromLori

FromLori — Tue, 07 Apr 2009 19:09:13 +0000

Geithner’s Stress Test “A Complete Sham,” Former Federal Bank Regulator Says

William K. Black it was Fraud

http://www.pbs.org/moyers/journal/04032009/watch.html

By: usphoenix

usphoenix — Tue, 07 Apr 2009 15:37:18 +0000

Group think not needed. Beal Bank – yes.

The Beal Bank key to me is the absence of a figurehead board and Wall Street pressures for current quarter performance.

See, there are small remaining pockets of sanity hiding out.

By: leftback

leftback — Tue, 07 Apr 2009 14:52:15 +0000

If you look at the Baltic Dry, credit spreads and the P/E ratio on the S&P 500 it’s not a pretty picture.
You scared me over to the Dark Side, Jack.

With regard to Andy Beal, it would be great to see an environment where good judgement is rewarded.
In order for that to be maximized, we have to begin to allow those who made egregious errors to fail.

By: rktbrkr

rktbrkr — Tue, 07 Apr 2009 12:37:12 +0000

Tiny Tim’s Cash for Trash program ain’t gaining traction. Whats Plan B? 100% non-recourse funding?

Lackluster response to Fed, Treasury programs. The Treasury delayed the deadline for investors to join its Public-Private Investment Program and loosened some of the program’s guidelines. Officials said they’re trying to make it easier for firms to participate in the legacy securities portion of the program, but others wonder if officials are giving themselves more time to find firms who want to participate at all. Separately, participation in the Federal Reserve’s TALF program has remained lackluster. Wary of legislative interference and hiring curbs, only two issuers have put together about $1.4B of TALF-eligible bonds heading into the Fed’s deadline today, even worse than last month’s disappointing $4.7B in loans. (Read the Treasury’s Updated Guidance on the PPIP)