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Meta
Tag Archives: banks
Big Banks Got Played
A Daring Trade Has Wall Street Seething from the Wall Street Journal. Amherst, a small Austin firm found a small loophole in the system. To use a crude metaphor, they sold the big banks hurrican insurance and then made sure … Continue reading
Some Lenders Object, Why Not Others?
20 Chrysler lenders or about 30% of the debt Chrysler owes lending institutions are objecting to getting fleeced in the governments planned “surgical bankruptcy” plan. In a normal bankruptcy the senior secured creditors (the lenders) are first in line, while … Continue reading
Posted in Chris' Page, Domestic Politics, regulation
Tagged bankruptcy, banks, Chrysler, government coercion, tarp, thuggery
2 Comments
US Treasury Refusing Bank Repayments?
That’s what’s claimed in this article in the IBD. This becomes pretty thuggish when you add to the fact that these banks were (allegedly) outright threatened to take the TARP funds in the first place. The reason for all of … Continue reading
To Big To Fail
Over at Instapundit, Glenn has been keeping an eye on both the Tax Day Tea Party and the New Way Forward demonstrations. Reading about what the left is doing, I have to think, that if the left thinks banks that … Continue reading
Posted in Domestic Politics, Economics, Keith's Page
Tagged banks, financial crisis, government
2 Comments
Three Banks to Rule the World
The winners of the global financial turmoil look to be three American ‘superbanks’: JP Morgan Chase, Bank of America and Wells Fargo. The institutions have all grown to occupy such a predominant position in the marketplace, that all three recently … Continue reading
Posted in Economics
Tagged Asia, Bank of America, banking, banks, democracy, domestic deposits, Europe, exports, financial crisis, housing crisis, JP Morgan Chase, markets, recession, superbanks, Wells Fargo
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Are We Maiking Things Worse?
Yves Smith hits a theme I have been harping on, the Federal Reserve, and central banks in general, are making things worse in may ways by destroying the incentive for banks to lend or borrow from one another. She quotes … Continue reading
Posted in Economics, Lance's Page
Tagged banks, credit crisis, Federal Reserve, LIBOR
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In Summary
Tyler Cowen states his basic views on the crisis. My response in italics:
My favorite proposal for helping financial institutions
I do believe we should be doing something as a nation, through our government, to avoid the not insignificant chance of a total financial meltdown. I have seen several things proposed that I find interesting, and I will get into … Continue reading
Posted in Domestic Politics, Economics, Lance's Page
Tagged banks, bond holders, credit crisis, debt, economy, Federal Reserve, finance, Goldman Sachs, John Hussman, Paulson plan, Warren Buffett
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You Walk Away Hits Television
Cross posted at Risk and Return You may remember the website we discussed back in January. Dale Franks just discovered their program, because they now are on Television. He asks the obvious question: So, should the mortgage companies get off … Continue reading
Posted in Economics, Lance's Page
Tagged banks, economy, Federal Reserve, housing, housing market
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