A conversation with Elizabeth Warren on Charlie Rose
We needed regulators like this when the bubble was being formed. Elizabeth Warren is truly a breath of fresh air.
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Browsing Tag
bailout
Timothy Geithner on Charlie Rose
In case you missed it, this is Tim Geithner talking stress tests this past Wednesday on Charlie Rose.
Warren: Banks have “shattered” our trust
Elizabeth Warren, the chair of the Congressional Oversight Panel to oversee TARP, goes ballistic in this interview with the guys from Tech Ticker. She gets right to the heart of what is wrong with the banking industry. You can tell she is…
BofA, Citi, Wells and GMAC biggest losers in stress test leaks
If you haven’t noticed, the Treasury department seems to be leaking the results of the stress tests to reporters at the Wall Street Journal. Richard Bove, a well-known bank analyst was on Bloomberg Radio this morning talking to Tom…
Almost all biggest subprime lenders have received bailout money
This report comes via “The Center for Public Integrity”: The top subprime lenders whose loans are largely blamed for triggering the global economic meltdown were owned or bankrolled by banks now collecting billions of dollars in bailout…
Fiat as the engine for change in the auto industry
As developments in the global auto industry continue apace, it is becoming increasingly evident that Fiat has fashioned itself as a change agent in an industry rife with overcapacity. While eyes in the U.S. are fixed on a Fiat-Chrysler…
Asia is de-coupling
A post from Reuters in overnight trading in Asia caught my eye. It proclaimed “Asia faces up to challenges of global crisis." What I found particularly interesting about the post was the fact that the Asians had set up a $120…
The case of the dissident Chrysler bondholders
Yesterday, I posted a video in which two auto experts argued that the dissident creditors were getting a raw deal (See "A discussion about Chrysler’s bankruptcy plan on Charlie Rose"). The crux of the problem is their belief that they were…
How big banks earned so much money this quarter
We are a few weeks into earnings season and it should be abundantly clear that financial institutions are firing on all cylinders. In fact, financials are leading the broader market for the first time since 1993. Yet, loan losses have…
Statements on Capitol Hill by Geithner and Warren
Below you can watch a video clip of Congressional Oversight Chairperson Elizabeth Warren's introductory remarks at a hearing today on Capitol Hill. Afterward, Treasury Secretary Tim Geithner responds in a 10-minute open statement.