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Sheila Bair On Bank Supervision - Live
For readers curious to Sheila Bair's perspectives that caused Geithner's Tourette's outbursts last Friday, the Senate Committee on Banking, Housing and Urban Affairs is holding a hearing live now in which the FDIC chairman presents her views.
Also testifying are:
- John Dugan, Comptroller of the Currency, Office of the Comptroller of the Currency;
- Daniel Tarullo, Member, Board of Governors of the Federal Reserve System;
- John Bowman, Acting Director, Office of Thrift Supervision.
And on a subsequent panel you will see:
- Eugene A. Ludwig, Chief Executive Officer, Promontory Financial Group, LLC;
- Richard S. Carnell, Associate Professor, Fordham University School of Law,
- Martin N. Baily, Senior Fellow, Economic Studies, The Brookings Institution.
Live webcast can be accessed here:
hat tip Richard
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Ohhhh saaaaweeeeet, tyler you have all the cool links.... can I be like you?
No doubt supervised by the Devil's Dandruff...Rhambolt...lol
Coming soon: Good WOPR post.
I think someone called it earlier today - This morning is a Bair TARP.
Still surprised that Timmah underestimated how ambitious Herr Bair is; after everything they've been through, he thought she'd roll over on bypassing power?
WASHINGTON, Aug 4 (Reuters) - A senior U.S. Republican lawmaker who will play a role in overhauling financial rules after a devastating crisis said on Tuesday much of the blame for the turmoil can be put on the Federal Reserve.
http://www.reuters.com/article/bondsNews/idUSWEN194220090804
Gee Ya think?
Why do we keep looking at home sale numbers on MoM and not YoY. We don't look at revenue and earnings QoQ. This is stupid.
Pending home sales don't discount rejections or cancelations either... A completely useless number as is...
Not to mention that the "data" comes from the NAR.
Also I find it strange that some banks are rocketing and some stay flatline.
please see Robotrader's posts in regards to riverboaters' trading activities of banks, particularly regionals.
WHEN DID TOO BIG TO FAIL BECOME A FORM OF CAPATALISM!!?!?!
1933
New home sales is a joke. All the Builders are losing money on any new home sale. They are getting back sunk capital. They are altering their tax returns for previous years with the new losses to get a federal refund on previous years taxes.
There is no light at the end of the tunnel for new home building until the Cities drop the cost of building, wages drop more, material cost is getting better. What you want to be looking at is how much cash do they have, how much land do they already own. If a builder has lots of land and a good supply of cash and they are starting new projects then cheer.
I don't see it, I see lots of guys picking up project in BK and trying to finish them out to make some money. Lots of builders finishing out jobs to get out of holding land and paying fees to cities.
Look the Federal Reserve let the banks into the SIV market even after the Enron debacle with these things. They were reviewing the banks and HAD TO KNOW what was going on. Either case (did or didn't know) the idea of letting the Fed be the systemic regulator is complete insanity. They F*** up this royally and it's cost the taxpayer and their children and their children's children generations of economic malaise.
I LOVE YOU TYLER DURDURRRR!