banks

Former Citigroup CEO Chuck Prince made what could be considered the most infamous statement of this credit crisis when he said: "as long as the music is playing, you've got to get up and dance. We're still dancing." -Citi…

I was on a panel of bloggers at a conference at the Columbia School of International and Public Affairs, “Facing the Fracture: Media & Economic Understanding.” The event, organized by Anya Schiffrin and sponsored by the Roosevelt…

Update 2010-03-31. Note: I discovered the first video at the UMKC blog, where Black posts. Subsequently, I saw all the videos on YouTube where you can rate them and add to the buzz.

I was reading Dean Baker's commentary on why the Obama mortgage plan brings no relief in the Guardian when it dawned on me that the 'new' plan is an enhancement of the old plan. And this is significant because the old plan turned…

In January, I wrote Definition of terms which defined kleptocracy, looting, crony capitalism, propaganda and ideology.  Here are four more terms relevant to today: Bezzle To the economist embezzlement is the most interesting of…

What follows is a more comprehensive re-write of my take on the latest bailout proposals by the Obama Administration. I felt the original write-up was a bit rushed and one-sided. I have tried to outline the objectives of the bailout plans…

This is a post which originally appeared at New Deal 2.0 by Randall Wray. L. Randall Wray, Ph.D. is Professor of Economics at the University of Missouri-Kansas City, Research Director with the Center for Full Employment and Price Stability…

Jesse's Cafe Americain: Boehner Tells Bankers to Stand Up to Those Senate Punks A Glimpse at the Judge Who Rapped the SEC – WSJ.com Hey, That's My Jet! – WSJ.com Parenteau: The Hyperinflation Hyperventalists « naked capitalism…

This is a post from John Lounsbury. Charles J. Antonucci Sr., the former president and chief executive of the Park Avenue Bank of New York, made a desperate move to try to save his bank with the infusion of TARP funds. TARP refers to the…

John Hussman notes that the very large non-subprime Alt-A and Option ARM cohort interest-rate resets lie ahead of us and not behind us in his latest weekly market commentary. In my view, this is a very big problem for the US banking sector…