rcwhalen's blog

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David Kotok: James A. Lebenthal (June 22, 1928-November 14, 2014)





Our industry has lost a legacy creator. May he Rest in Peace.

 
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KBRA: Q3 2014 Large Bank Earnings Preview: In Search of Normalcy





The best performer among the top-five US banks is U.S. Bancorp (NYSE:USB) and by a wide margin... 

 
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The Puerto Rico Electric Power Authority (PREPA) Bond: Nondisclosure Agreement Creates Two Classes of Bondholders





Suddenly, we now have a new class: those bondholders who are under the NDA versus those who are not.

 
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KBRA Q2 2014 Bank Earnings Preview & The “Bernanke Shokku"





FDIC: “the largest positive contribution to the year-over-year change in earnings came from reduced loan-loss provisions..."

 
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Roger Kubarych: Talking Points on Energy





Energy security is not synonymous with energy independence.

 
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In "Flash Boys," Michael Lewis Misses the Point -- Deliberately





“Flash Boys” is a book written for Hollywood instead of the history books or policy makers.  Stay tuned for the movie.  

 
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Detroit Bankruptcy: U Turn by Michael Comes





After tens of millions in legal fees, a river of negative press, and ripple effects to other local municipalities, we have U-turned and are back to where we started.

 
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Is the Citigroup Stress Test Rejection Really a Surprise? Really?





Why is Citigroup not like any of the top four banks, including JPM, WFC, USB or BAC?   

 
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Sol Sanders: The [Chinese] emperor has no clothes





Beijing leadership’s quandary is that the struggle to refashion the Chinese economy with further liberal economics comes up against the determined effort of the CCP to maintain its power monopoly

 
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GSE Reform Real and Imagined





Simply ending the corporate lives of Fannie Mae and Freddie Mac as the Johnson-Crapo proposal envisions is not sufficient

 
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