bailout

The FDIC is out with its Quarterly Banking Profile for Q1 2010. And despite a rise in the FDIC's 'Problem List of Banks' to 775 in Q1 from 702 at the end of 2009 and 552 in Q3 2009, banks earned a ton of money – more than $18 billion in the…

In an interview with Dow Jones Newswires, John Lipsky, First Deputy Managing Director of the International Monetary Fund, answers questions about taking action on the euro and intervention in Greece. Also see IMF Official: Euro’s Slide Not…

The following is a guest post by Polyvios Petropoulos, a former university professor of economics and management in the US. Petropoulos contends that the austerity package drawn up by the IMF is not credible and that everyone knows Greece…

In March I wrote an American version of this post which pointed to the bailout culture in America as a major reason I fear a depressionary relapse. American policy makers have shifted private losses onto the government's books while…

If an ECB in QE mode, €60 billion in cash, €440 billion from a pooled EMU effort and €220 billion from the IMF only lasts a week, then I'd humbly submit that we have a problem.

Just when you thought the EU had things under control with their $1 trillion shock and awe rescue package, the first signs of doubt appear.  The doubting Thomas is none other than Swiss-born Deutsche Bank head Josef Ackermann who…

As we are about move into the fourth day of the week where EU policy makers together with the IMF and the ECB launched an unprecedented series of aid tools to combat the mounting risk of a collapse in Greece and elsewhere in the European…

Imagine a situation in which 49 other states are forced to unite together to help forestall the imminent insolvency of California, and you'll get a good idea of the limitations inherent in the EU "rescue proposal" for Greece and…

Last week I was on RTTV's CrossTalk talking about the Goldman Sachs Senate hearings with two other guests. This week, on the latest edition of CrossTalk, Peter Lavelle asks his guests who is being bailed out: Greece or the bankers. The…

Meredith Whitney talks to Bloomberg's Jonathan Weil in a wide-ranging interview about the banking sector. This is a good one – the best I have seen - because you get to hear Whitney's views on the sector's stocks from a fundamental and a…