nationalization

Beim was a Professor back when I was at Columbia, although I don't remember being in any of classes. Before he was a Professor, he worked as an Investment Banker at First Boston and Dillon Read, two white shoe firms that are now defunct,…

Banks do not have enough tangible common equity to make the grade on Tim Geithner's stress tests. That means the government will have to step in and bail them out. I will call this creeping nationalization. Paul Miller of FBR Capital…

A massive $61.7 billion loss for AIG - that is the quarterly loss for the insurance giant, a record for the world. That comes to a loss of $465 $465,000 every minute of every day in that quarter. The full-year loss comes in over $100…

The big news other than GDP falling off a cliff is the confirmation that the Obama Administration is going to bail out Citigroup for a third time.  The market reaction this morning was quite negative, causing index futures to sell off even…

Since everyone seems to be talking about nationalization and pointing to Sweden as a model for the future, one should ask whether Sweden actually nationalized anything. No one is talking about outright Hugo Chavez-style expropriation here.…

UPDATE: This is another re-post given the huge bailout just administered to AIG. I am coming out in favor of nationalization in the United States. The efforts to fix the banking system to date have failed. As a result, America is still…

Everybody is talking about nationalization. The latest trigger is the Citi discussions with the U.S. government to convert taxpayers' preferred shares into common equity. Below are a few Bloomberg video clips from just this morning…

This news is just in from the Wall Street Journal. Obviously, all of the activity we have seen with Citi's foreign subsidiaries of late has been in preparation for sale or nationalization. I expect this to be the big news when markets…

Naked Capitalism's Yves Smith was on Fast Money at CNBC yesterday. She made a number of good points regarding the discussion on nationalization. One that particularly resonated with me was her assertion that the United States is…

Meredith Whitney, the well-known former Oppenheimer analyst had some interesting words to say on CNBC about the banking sector, nationalization, dividends and Citigroup. Take a look.