Housing Bubble and Crash Explained – The Common Sense Explanation Thousands of articles have been written explaining how the bubble in housing developed and why it subsequently came crashing down, causing the collapse of some of the biggest financial institutions in the United States. Perhaps most of us are simply worn down or confused by […]
FDIC Chairman’s Explanation For Housing Bubble And Bust Leaves Big Question Unanswered
June 21, 2010 By 1 Comment
Banking Regulators Say Banks Encouraged “Imprudent Risks” With Flawed Pay Incentives
June 21, 2010 By Leave a Comment
Regulators Tell Bankers That Pay Should Be “Risk Adjusted” June 21, 2010 – The nation’s top banking regulators today moved to curb flawed incentive compensation plans that encouraged banking employees to take imprudent risks. Citing pay practices that contributed to the recent financial crisis, regulators issued financial institutions final guidance to ensure that incentive compensation […]
FDIC Chairman Questions Government’s Obsession With Promoting Home Ownership
June 9, 2010 By 1 Comment
June 7, 2010 – In a speech given today, FDIC Chairman Sheila Bair questioned the wisdom of government policies that over-subsidize home ownership while devoting insufficient attention to the need for affordable rental housing. The Chairman noted that expansive public and private efforts to push homeownership to a record level of 69% ultimately proved to […]
Is The Banking Industry On The Road To Recovery Or Perdition?
March 13, 2010 By Leave a Comment
Banking Links No Catching Up – Staggering 10% Of All Mortgage Borrowers Are Delinquent 3 Payments – WP Many Mortgage Borrowers Beyond “Help” – MSN Will Dodd’s Financial “Reform” Program Really Solve Anything? – LAT How Lenders Are Hiding Defaulting Commercial Real Estate Loans – MM Another Bad Idea – Governments Seek To Solve Debt […]
Why The Bad News On Housing Is Good News
February 28, 2010 By Leave a Comment
Banking Links – March 1, 2010 Buffett On Housing – Why The Bad News Is Good News -Forbes Buffett – Failed Bankers Still Live In Grand Style – TOL The Abrupt Collapse of Empires – LAT Many Banks Still On The Critical List – NYT Bank of America’s $30 Million Dollar Man – Bloomberg Banks […]
No Easy Way Out As Bank Lending Stalls
February 25, 2010 By Leave a Comment
Banking Links – February 25, 2010 Banks, Like Everyone Else, Face Massive Tax Hikes – Bloomberg ‘Nascent’ Recovery Requires Low Rates – Bloomberg Banks Bet On Greece Default – NYT Credit Card Borrowing Becomes Road To Impoverishment – NYT Bernanke Seeks To Preserve Fed’s Powers – WP Citigroup To Sell Hedge Fund Business – WSJ […]
Will More Leverage Save The Economy?
February 23, 2010 By Leave a Comment
Banking Links – February 23, 2010 Excess Leverage Always Has A Bad Ending – Atlantic Japan, Like Greece, Is Beyond Redemption – Bloomberg Loan Mods Nothing More Than An Expensive Delay – Guess Who Pays? -Calculated Risk Why Every Welfare State Will Follow Greece Into The Abyss – WP US Banking Lending Drops At Fastest […]
Financial Regulatory Reform Remains Illusive
February 22, 2010 By Leave a Comment
Banking Links – February 22, 2010 Regulatory Financial Reform – All Talk, No Action – FS Without Borrowers Or Lenders, Deflation Is Inevitable – B Prechter Yield Starved Japanese Scoop Up US Treasury Debt – Bloomberg Fed Shows Its Hand With Discount Rate Hike – Econobrowser Low Borrowing Rates Meaningless Without Income – NYT Fundamental […]
FDIC Encourages New Lending As Loan Defaults Grow
February 21, 2010 By Leave a Comment
Regulators Tell Banks To Lend – “Prudent Lending Will Not Be Criticized” The FDIC is encouraging banks under its supervision to increase lending to small businesses. In a recent Financial Institution Letter, the FDIC highlights reasons for the decline in lending to small businesses as well as the rationale for banks to lend more aggressively. […]
Asset Wealth Illusions Fade As Debt Defaults Continue
February 21, 2010 By Leave a Comment
Banking Links – February 21, 2010 Plunging Commercial Real Estate Values Not Reflected On Banks Balance Sheets– WP Does Foreclosure Assistance For The Long Term Unemployed Make Sense? – Bloomberg Discount Rate Hike Meaningless To Savers As Rates Stay Low – Bloomberg Insurers Of Municipal Debt May Face Huge Claims – Bloomberg Pros Ponder Merit […]