rcwhalen's blog

If the large TBTF banks are really being forced  out of the mortgage business, then just how will we achieve these revenue growth rates?  How indeed.

If you share our sense of outrage at the way wounded veterans are treated by Delta Airlines and other commercial carriers, then please get involved.  Merry Christmas

Investors in the TBTF banks need to understand that the business model for this industry has changed.  Thank Liz Warren

Why does the Big Media other than WSJ refuse to report on the TAG subsidy grab by the largest banks?  

When you hear Republican politicians pointing figures at Jon Corzine for his “alleged” acts of fraud in the MF Global collapse, ask them why they changed the bankruptcy code in 2005 to allow such acts of fraud to go unpunished.  

Will Congress go over the fiscal cliff?  Yes, we've been going for decades, really since the social unrest of the 1970s. 

The Fed has never met a large bank merger that it did not like and has never been willing to deny such an application by a bank holding company, especialy a BHC that houses a primary dealer. 

So now that Vikram Pandit has exited stage right from the CEO position at Citigroup, a number of people have asked me about the Zombie Dance Queen.  

Overall, the acquisition of ANNB by FNB looks like a transaction that will create value for the acquirer’s shareholders, but it comes at a full price.

Or to put in another way, by Christmas we may very well see Case-Shiller and other indicators of home prices headed back down, erasing the gains made in housing during 1H 2012.  

The departure of Vikram Pandit as CEO of Citigroup (C) should come as a relief to the markets, regulators and customers – indeed, just about everybody besides the volatility junkies who like to trade this very liquid, very unstable stock.

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.