Archive for the ‘Polticial Decisions Affecting Banking’ Category
Sunday, July 20th, 2008
I am so sick of having it explained to me that Freddie Mac and Fannie Mae are too big to fail. There are two aspects of this little tale that make me nauseous.
First, the reason Fannie and Freddie got this big is itself criminal (before you sue, Federal Reserve, I ...
Posted in Bank Management, Federal Housing Agencies, Polticial Decisions Affecting Banking | No Comments »
Wednesday, July 16th, 2008
The Credit Crisis seems to be approaching its nadir, although it is clear that we will lose several more banks, perhaps many of the smaller “me too” banks, before this experience is over. We seem to be moving into a phase that happens in every crisis from war to basketball. ...
Posted in leadership, Markets and Regulation, Federal Housing Agencies, When Regulation Goes Wrong | No Comments »
Wednesday, July 2nd, 2008
It has been clear since the outset of the Credit Crisis (see “Mortgage Debt Crisis,” September 10, 2007 post, this blog.) that the investment banks were going to be regulated by the Federal Reserve. Secretary of the Treasury Paulson set a four year deadline to implement his then unspecified “update” ...
Posted in Australia, Games Bankers Play, The Banking Crisis, Polticial Decisions Affecting Banking | No Comments »
Saturday, June 21st, 2008
Macquarie Group is trying to do a thing that it has done with notable success over the past few decades. Buy a corporation that provides a service essential to the Commonweal through thick and thin, leverage it, and then sell it off to investors. Macquarie has been successful doing this ...
Posted in Polticial Decisions Affecting Banking, When Regulation Goes Wrong | No Comments »