Posts filed under “Bailout Nation”

A Brief History of Bailouts

The paperback of Bailout Nation is out today!

Here is the first chapter:

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Brief History of Bailouts

Category: Bailout Nation, Books

Wall Street/Las Vegas Casino Banks

StereoHell/Imp Kerr, who did the fantastic illustrations for the Bailout Nation chapter titled Casino Capitalism, is showing the very same work at the Tribeca Grand. (full size versions can be seen here) The show has a website where you can purchase the artwork, including all of the bailed banks as Las Vegas Casino drawings:  …Read More

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

Delay Pay? Try Partnership Liability.

In the Sunday NYT, Yale Professor Robert Shiller discusses one of the recommendations of the Squam Lake Report — holding back some executive compensation to align their risk with taxpayers (Help Prevent a Sequel. Delay Some Pay.) Here is their recommendation: “The Squam Lake group recommends that companies be encouraged to withhold a good part…Read More

Category: Bailout Nation, Bailouts, Corporate Management, Regulation, Wages & Income

Fannie & Freddie: Chasing Profits, Market Share

Joe Nocera cuts right to the heart of the “Blame Fannie and Freddie” argument in today’s NYT. It is an article well worth your time to read. He looks a the CATO/AEI narrative — that the government forced the GSEs (and the banks through the CRA) to make ill advised loans to people who could…Read More

Category: Bailout Nation, Bailouts, Credit, Real Estate, Really, really bad calls

Six Banks Made $51 Billion in ’09 (The rest lost money)

I gave myriad reasons in Bailout Nation for being strongly opposed to bank bailouts. One of the most compelling factors was the horrific impact past bailouts have had on other competitors in the sector. Bailouts rewarded the worst managements, the least deserving shareholders, and the most reckless creditors. (That’s not how capitalism is supposed to…Read More

Category: Bailout Nation, Bailouts, Credit

Bloomberg: Top 50 Business Books

Very cool! Bloomberg names Bailout Nation as one of the top 50 Business books: May 28 (Bloomberg) — With so many business books spilling from the shelves, we’re often asked for a comprehensive list of recommendations. Here are 50 of our favorite titles published since Jan. 1, 2009. “Animal Spirits” by George A. Akerlof and…Read More

Category: Bailout Nation, Books

Washington & Wall Street: The New Regulatory Regime

Today, I am in Las Vegas for the SALT II conference: I am on a panel discussion about regulation, reform and bailouts with Austan Goolsbee, Advisor to President Obama, and Bill Thomas, Vice Chairman of the Financial Crisis Inquiry Commission. Should be fun . . .  be sure to stop me and say hello if…Read More

Category: Bailout Nation, Bailouts, Derivatives, Regulation

Impossible Wall Street Fixes

I submitted my new chapter for the paperback version of Bailout Nation (July 6, 2010). It contains a checklist to evaluate the upcoming — and as of yet, still ill defined — re-regulation of the financial sector. I tried to keep it realistic, discussing issues such as derivatives regulation, capital requirements, and leverage. However, I…Read More

Category: Bailout Nation, Bailouts, Credit, Legal, Regulation

Get Me ReWrite!

My approach to everything I have written, studied and analyzed in this space is pretty straight forward: Start with the data and evidence and go forward from there. Figure out what the “Truth” is; try to get as close to the objective reality beneath the noise in order to make intelligent investing decisions for myself…Read More

Category: Bailout Nation, Bailouts, Credit, Real Estate, Really, really bad calls

Bailout Union . . .

Here’s my take on my favorite comment of this morning: “Coming soon from the author of Bailout Nation, a new look at the PIIGs crisis: Bailout Union: How Greek Profligacy and Easy Money Corrupted Europe and Shook the Continent’s Economy I’ll contact my publisher right away . . .

Category: Bailout Nation, Bailouts