Banking Links – February 18, 2010 Is Your Bank On The “Do Not Trust” List? – Yahoo Finance With Fiscal Policy Options Exhausted Japan Looks To Central Bank For Salvation – Bloomberg Banks Take Blame For Collapse of Greece – FT With Economy In “Recovery” Question Of How To Shrink Fed Balance Sheet Debated – […]
Indebted Governments See Central Banks As Final “Funding Option”
February 18, 2010 By Leave a Comment
US Treasury Needs New Buyers At Debt Auctions
February 17, 2010 By Leave a Comment
Banking Links – February 17, 2010 “Fool Me Once Shame On You” – US Asks Foreign Governments To Buy Mortgage Backed Securities – Again – WP China’s Threat To Diversify Away From US Debt Becomes Reality – Bloomberg Fed’s “Exit Strategy” A Mirage – Financial Sense Goldman Sachs Sandbags Bond Investors On Sale Of Invisible […]
Taxpayers – Last Option To Bail Out Governments
February 16, 2010 By Leave a Comment
Banking Links – February 16, 2010 Will US Housing Market Collapse As Government Winds Down Aid? – NYT Paulson Attacks Obama’s Financial Regulation Plans -Says Big Banks Essential To Financial Recovery -Times OnLine Europe At The Crossroads – Greece Rescue Would Open The Floodgates – FT Forgiving Mortgage Debt Makes Payments Easier But At Whose […]
Are Banks Piling Into The Next Asset Bubble?
February 13, 2010 By Leave a Comment
Are Rising Interest Rates The Next Black Hole For Banks? Banks seem to have perfected the technique of over investing into the wrong asset class at the wrong time. As banks dramatically reduce lending while trying to recover from bad investments in mortgages and commercial real estate, are they now repeating their history of poor […]
Will A New Flood Of Mortgage Bailouts And Defaults Crush Bank Earnings?
February 10, 2010 By Leave a Comment
Banking Links Expect Homeowner Mortgage Bailouts To Continue On Massive Scale – Mortgage Balances Exceed Home Values For 1 of 5 Homeowners – Bloomberg Looming Credit Downgrades For Citi and BofA – FT Easy Money Fuels Canada’s Housing Boom – WSJ What Caused the Housing Bubble – Lax Monetary Policy or Poor Regulation? – Credit […]
Banking Failure In Minnesota Brings 2010 Total Closings To 16
February 6, 2010 By Leave a Comment
One Tiny Bank Fails in Minnesota – Total Failures Reach 16 In 2010 Regulators closed one bank today in Minnesota. The failed bank had total assets of $18.2 million and total deposits of $16.3 million. The cost to the FDIC Deposit Insurance Fund for the closing of this tiny failed bank is estimated at […]
6 Banking Failures Highlight Horrendous Loan Portfolios
January 30, 2010 By Leave a Comment
Six More Banking Failures Bring Year’s Total To 15 Regulators closed six banks today in Florida, Minnesota, California, Washington and two in Georgia. The six failed banks had total assets of $5.5 billion and total deposits of $4.9 billion. The total cost to the FDIC Deposit Insurance Fund for the six failed banks is estimated […]
FDIC Bair Slaps Down Bernanke – Says Low Interest Rates Incited Financial Crisis
January 19, 2010 By Leave a Comment
Financial Meltdown Fueled By Misguided Fed Policies In an appearance before the Financial Crisis Inquiry Commission, FDIC Chairman Bair testified on behalf of the FDIC on the causes of the worst financial crisis since the Great Depression. Since the financial meltdown of 2008, many financial analysts and government officials have given eloquent after the fact […]