Bernanke, Summers and Geithner say that we can’t let the giant banks fail, because – without them – the economy will be starved of credit and we will be plunged into a depression.This isn’t true.Says Who?If we really needed the giant banks, the followi…
Posts Tagged ‘banks’
Regional Banks Could Suffer From Commercial Real Estate Bust
July 27th, 2009 |
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NEW YORK (Fortune) — Regional banks can no longer ignore the elephant in the room — their exposure to the commercial real estate bust.
Though housing markets remain weak, analysts expect credit problems over the next year to center on comme…
Banks Still Not Lending
July 27th, 2009 |
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The Wall Street Journal writes today: Lending continues to slow as bankers and borrowers refrain from taking risks, in a bearish sign for the economy. The total amount of loans held by 15 large U.S. banks shrank by 2.8% in the second quarter, and more…
States’ Projected Budget Gap: $166 Billion. AIG Bailout to Cover Gambling Debts: $180 Billion. Portion that Went to Foreign Banks: $40 Billion.
July 24th, 2009 |
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Arianna Huffington writes:America’s states are facing a projected cumulative budget gap of $166 billion for fiscal 2010. Even more budget gaps are expected for fiscal 2011. Total shortfalls through 2011 are estimated at $350 billion to $370 billion -…
Tyra Banks’ dieting plan bans others from eating too
July 24th, 2009 |
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American media personality Tyra Banks is said to have taken up a very strict dieting plan, so strict that she has even banned others around her from eating.
Banks, 35, looked about thirty pounds lighter at the BET Awards show a few weeks ago, all thanks to her new diet.
“She has become so strict with her [...]
Bailed-Out Banks Raising Pay For Execs
July 23rd, 2009 |
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NEW YORK, July 22 — Wall Street’s biggest banks are setting aside billions of dollars more to pay their executives and other employees just months after these firms were rescued with a taxpayer bailout, renewing questions about compensation p…
Ignoring Watchdog Report, Treasury Gives Three Major Banks Sweetheart Deals
July 23rd, 2009 |
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Four major banks have repurchased warrants from the Treasury Department since a congressional watchdog reported that the backroom deals where the prices were negotiated were ripping off the taxpayer.
In three of the subsequent four transacti…
Kalam meets Grameen Bank’’s Yunus in Dhaka, dines with President, PM
July 21st, 2009 |
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Former Indian president A P J Abdul Kalam, who arrived in Dhaka yesterday on a three-day visit, met with Bangladeshi Nobel Laureate Muhammad Yunus, and attended a dinner hosted by Prime Minister Sheikh Hasina and President Zillur Rahman.
During his hour-long meeting with Professor Yunus, Kalam was briefed about the activities of the Grameen Bank and [...]
Bailout Overseer: Banks Misused TARP Funds
July 20th, 2009 |
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Many of the banks that got federal aid to support increased lending have instead used some of the money to make investments, repay debts or buy other banks, according to a new report from the special inspector general overseeing the government…
Regulators Shut Banks In Calif., Georgia And South Dakota
July 18th, 2009 |
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WASHINGTON — Regulators on Friday shut two banks in California and two smaller banks in Georgia and South Dakota, boosting to 57 the number of federally insured banks to fail this year.
The Federal Deposit Insurance Corp. was appointed …
Bailed-Out Banks Ramp Up Pay Packages To Top Talent
July 16th, 2009 |
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Some big banks that have received government bailouts in the U.S. and Britain are offering handsome pay packages to lure stars and reverse last year’s steep losses.
Bank of America Corp. recently hired a top bond salesman with a guaranteed tw…
Alan Schram: Banks Should Face the Truth
July 13th, 2009 |
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The Treasury Department continues to work out the details of its mammoth stimulus plan combating the financial crisis. Since its onset, the government has become…