banks Topic

Captain Overboard

June 11th, 2009 | 5 Comments

So now the banks that took the bailout money want to give it back as fast as they can. Why? Surely not because they’re suddenly solvent. No, not exactly. The big boys are chafing at the rules that come attached to the money–more transparency in how they do their business, and limits on the bonuses [...]

Testing, Testing

May 5th, 2009 | 2 Comments

The results of the administration’s bank stress tests will be revealed on Thursday. Frankly, I don’t put a lot of faith in the results. Maybe I’m getting too cynical in my old age, but  I’m betting that the fix is in, and this is going to be used as a public relations victory for the [...]

What to Watch

March 26th, 2009 | 1 Comment

Obama’s sales job for his economic reforms has hit hyperspeed. He’s everywhere, it seems. You can’t turn on the tv or the radio or go online without hitting another Obama message. The guy is everywhere. Meanwhile, I’m still more than a little dubious about what he’s selling. His economic team, primarily represented by Treasury Secretary [...]