rcwhalen's blog

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. 

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.  

As the flow of subsidies from Washington slowly ebbs, the TBTF banks will begin to feed upon one another...

Do the good citizens of the Wall Street establishment broadly defined understand the risks taken by the House of Morgan?

So when you see Citi’s Q2 2012 earnings, remember that about ¼ of the number will come from non-interest bearing deposits covered by FDIC's TAG program.

Fed Chairman Bernanke should be impeached if he does not restore Fed surveillance over primary dealers immediately.