The Cost Of Easy Money - $14 Trillion and Counting
Supervisory Insights - Where The Money Went
The FDIC released their Supervisory Insights report today which contains a detailed breakdown of the almost $14 trillion dollars committed by the Government to support the financial system over the past [...]
Banks Loss Reserves Can’t Keep Pace With Troubled Loans
The latest FDIC Quarterly Banking Profile reveals that banks increased loan loss reserves by 11.5% and the ratio of reserves to total loans increased to 2.5%, an all time high. Despite the large loan loss reserves, the [...]
Banks Move Quickly From Bust To Boom
Things Change Quickly
Only a couple of months ago, the consensus view predicted a collapsing banking industry that would need to be nationalized. Banks were viewed as black holes with little chance of becoming profitable. Fortune Magazine was [...]
The GM Debate Continues - Why GM May Survive
Charles Wilson, the head of GM in 1952, stated that “what is good for the country is good for General Motors, and what’s good for General Motors is good for the country”. This imperial statement was made [...]
GM Bankruptcy- Obama’s Socialist Hat Trick
Obama Said To Conclude Bankruptcy Best Option for GM
March 31 (Bloomberg) — President Barack Obama has determined that a prepackaged bankruptcy is the best way for General Motors Corp. to restructure and become a competitive automaker, people [...]
Inflation, Deflation or World Depression?
Should We Discount The Consensus?
The debate on the outcome of bailouts and money printing continues. A review of some of the current thoughts on Fed and Governmental action predict different possible outcomes - none of them particularly [...]
Markets Plunging On Geithner’s Remarks
Geithner Does It Again
The Treasury Secretary said Sunday that some banks will need large amounts of financial aid. Geithner’s comments seemed to imply that his recently announced rescue plan for the banking industry is only a first [...]
Credit Union Bailout Needed - NCUA Insurance Fund Insolvent
Corporate Credit Unions Fail
The National Credit Union Administration (NCUA) announced today that two major corporate credit unions have been put into conservatorship as the true size of their losses became apparent.
March 20, [...]
Are Geithner’s Days Numbered? Banks And Investors Have Zero Confidence
First Impressions Hard To Reverse
The old saying in the recruiting business is that one is judged in the first 15 seconds of a job interview. Irregardless of what happens for the rest of the interview, that first [...]
