Reports that the housing sector is recovering has generated more than a little irrational exuberance among investors regarding financials.
The State of New York should be seeking the removal of Bank of New York (BK) as custodian with respect to all RMBS trusts operated pursuant to NY law and immediately file a claim on behalf of all investors against BK for negligence.
So, Jamie, you still think that Bear Stearns is not material to JPM investors?
The consensus view of China is that the country is imploding due to the collapse of the export sector. Such arguments make sense. But they may also be dead wrong.
Without justice for investors, pension funds and banks defrauded to the tune of hundreds of billions of dollars, there can be no investor confidence to support private finance.
The acquisition of CRBC by FMER provides a stark illustration of the fundamental conflict between the Fed’s “dual mandate” and its legal responsibility to supervise the nation’s banks.
Rolling up community banks with mid-single digit ROEs and flat to up small revenue growth does not strike this analyst as a very compelling opportunity
Mr. Jenkins’ error rests on incomplete accounting and incorrect attribution analysis. In Frederic Bastiat’s terms, we have a confusion of what is seen and what is not seen.
If the OCC treated JPM like it dealt with HCBK, Jamie Dimon would be out of a job and JPM would be auctioning off half a trillion in “noncore” assets to its competitors.
I am reminded that this is the 5-year anniversary of the emergency Fed Discount Rate cut in response to the collapse of Countrywide Financial (CFC) earlier that week.
The only alternative for people who will not live as slaves to the big banks may be to seek the peaceful overthrow of the government of the United States. Shall we start the revolution now?
The real question is whether the credit union industry can survive the continued operational chaos inside its supposed regulator.
Chautauqua Notes | Ethical Challenges of Finally Fixing the Financial Crisis: Fair Deals vs. New DealsSubmitted by rcwhalen on 08/09/2012 06:48 -0500
From the perspective of ethics, the fiscal profligacy of the US government and related behavior in the private sector is the cause of the financial crisis
If the political tsunami underway in Maine is any indicator, the November 2012 election will be fascinating and unpredictable
TAG ought to be allowed to expire at the end of 2012, but people like Barney Frank and Tim Johnson will be working to preserve this corporate subsidy for their clients among the large banks regardless of the deleterious effect on the US economy.