Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Monetary System
Chart of the Day: Banking Compensation
Source Banking Compensation – St. Louis Fed
Greek financial debacle threatens Swiss banks
There are a lot of interlocking threads in the Greek saga. One consistent theme that ties all of the different threads together is the fragility of complex systems. In our globalized and complex world of finance and banking, every major…
Obama: bank executives making millions "is part of the free-market system”
President Obama made a couple of comments in an interview with Bloomberg BusinessWeek that, while potentially true, point yet again to someone out of touch with populist rage in America. It seems that Obama is still courting big…
Unprecedented moral suasion from regulators on small businesses lending
Today, I received a press release from the complete list of federal government regulators of the financial industry which all but ordering banks to lend to small businesses. Clearly, regulators are concerned as comments by Marc Chandler…
On depreciation, malinvestment and GDP as a gross number
If I could relate the concept of malinvestment to business administration I would do it using the concept of depreciation. Depreciation is a term used in accounting and business to represent a writedown of a real asset on a…
The President remains trapped in the talons of the deficit hawks
Last Friday, Mr. Obama and the GOP staged the equivalent of a British Parliamentary Question Period in front of the TV cameras. It showed the quick-thinking, articulate President at his best. Unfortunately, the subsequent Saturday morning…
December’s FDIC cease and desist and other administrative orders
Below is a partial list of December FDIC enforcement decisions and orders. I have only included cease-and-desist orders, prompt corrective action notices and termination of insurance orders as these are the signs of banking system distress.…
Chart of the day: Clusterstock – How the AIG bailout worked
This is a great graphic showing the money and asset flows in the AIG bailout that makes it far easier to understand why people are calling the AIG bailout a backdoor bailout of AIG’s counterparties. Take a look. Source CHART OF…
Re-interpreting recession dating committee’s double-dip language for debt deflation dynamics
Last week, I wrote a post “Is the recession dating committee preparing for a double dip?” the gist of which was to question whether the NBER recession data committee thought a double dip was likely. But an e-mail exchange I had this…
Breaking: Darrell Issa asks for a subpoena in AIG bailout cover-up
I just received this document from an interested reader. It is a request by Congressman Darrell Issa for a subpoena to be issued in order to facilitate the investigation surrounding the AIG cover-up. Apparently, evidence has now surfaced…