Posts filed under “Bailout Nation”

Robin Hood in Reverse: Bank Bailout Bonanza Heats Up


“Robin Hood in Reverse”: Bank Bailout Bonanza Heats Up (Again)
Aaron Task
Daily Ticker, August 12, 2011

Category: Bailout Nation, Bailouts, Real Estate, Video

How the Fed Got Itself Boxed In

Yesterday morning’s comments (Random Thoughts: Recent Trading/Market Activity) began with this bullet point: “This entire crisis traces itself back in large part to then FOMC chair Alan Greenspan not allowing markets and the economy to flush themselves clean after the dot com collapse. It seems that nearly every Fed/Government policy action has been a response…Read More

Category: Bailout Nation, Bailouts, Federal Reserve, Really, really bad calls

Harvey Pitt, Regulatory Expert

Here is a laugher: Dealbook is reporting that former S.E.C. Chairman Harvey Pitt is now criticizing Dodd-Frank. The giant SEC FAIL of the past decade traces, in no small part, to the great work of Mr. Pitt. As a reminder of Pitt’s sterling ethics and his service to the investing community, I give you this…Read More

Category: Bailout Nation, Really, really bad calls, Regulation

What Does ‘Blame Emphasis’ Reveal?

I was reading this piece from Michael Hiltzik of the L.A. Times, and I was struck by something intriguing. The debate over the deficit is quite revealing about the speaker: What they choose to omit is every bit as important as what they emphasize. Consider these two short paragraphs: “As Henry Aaron of the Brookings…Read More

Category: Bailout Nation, Psychology, Really, really bad calls

Housing Roller Coaster

John Sherffius has this terrific depiction of the next leg down in housing. (Sherffius contributed cartoons and did the cover of Bailout Nation): > Source: John Sherffius

Category: Bailout Nation, Real Estate

Why Not Prosecute Nonfeasant Regulators?

The “Datapoint of the Day” comes from the NYT column we referenced yesterday: The mind-boggling drop in Justice Department criminal referrals over the past decade. I find this specific factoid astounding: “Data supplied by the Justice Department and compiled by a group at Syracuse University show that over the last decade, regulators have referred substantially…Read More

Category: Bailout Nation, Bailouts, Legal, Really, really bad calls, Regulation

The Wall Street Leviathan

This morning’s must read MSM piece is over at NYRB: The Wall Street Leviathan. Jeff Madrick simultaneously reviews: • Financial Crisis Inquiry Commission Final Report • Inside Job • Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance • Reforming US Financial Markets: Reflections Before and Beyond Dodd-Frank This should give…Read More

Category: Bailout Nation, Bailouts, Regulation

Corporate Logos Reflect Company Principles

John Sherffius, who did the cover (and the awesome cartoons) for Bailout Nation, takes his own satirical swipe at GE: > via John Sherfius

Category: Bailout Nation, Corporate Management, Digital Media

Have you seen the little PIIGs?

In their starched white shirts . . . PIIGs: 5 Year CDS chart via Bianco Research

Category: Bailout Nation, Credit

Wall Street Pay Hits Record Highs (and . . . ?)

The Finance sector is back to record revenue, and of course, record bonuses and pay. I was surprised to see how much greater the Commercial Bank revenue and comp was versus Wall Street totals. When you think about it, they have many more assets, transactions and commercial activity than Wall Street does, so it makes…Read More

Category: Bailout Nation, Bailouts, Wages & Income