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Julie Satow

Entries by Julie Satow

A Perfect Storm Could Shed Light On Secretive Energy Markets

(460) Comments | Posted June 23, 2009 | 12:26 PM

When Olav Refvik wanted to boost the price of heating oil to make a lucrative energy deal even more lucrative, the Morgan Stanley trader locked up several storage tanks the bank owned near New York Harbor to squeeze supply. Far from being illegal, the maneuver -- which earned him millions...

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Battle Brewing On Capitol Hill Over Obama's Proposed Consumer Protection Agency

(303) Comments | Posted June 17, 2009 | 7:31 PM

Consumer groups welcomed President Barack Obama's proposal to create a Consumer Financial Protection Agency as part of his sweeping overhaul of financial regulations on Wednesday. But they worried that the victory could be short lived as the powerful Wall Street lobbies prepare to go to battle to protect their...

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Why Is The FDIC Ignoring Problem Banks?

(27) Comments | Posted June 16, 2009 | 5:09 PM

USA Today had a story Tuesday that pointed out how regulators were regularly absent as the banks they were supposed to be overseeing failed under mounting debt.

Bert Ely, a longtime banking consultant, has identified a data point that highlights how far behind the regulators have actually fallen....

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The FDIC To Start Dumping Toxic Assets, Banks Could Feel The Pain

(94) Comments | Posted June 11, 2009 | 8:57 AM

Contrary to popular belief, the Public-Private Investment Program, a centerpiece of the government's strategy to rescue the nation's banks, is not dead.

The PPIP may be in critical condition, but the FDIC is planning what it hopes will be a miracle cure--a new pilot program it will launch in...

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Stress Tests: It Might Have Been Different If Fed Had Restricted Bank Dividends

(32) Comments | Posted May 7, 2009 | 8:24 AM

Citigroup needs another $5 billion in capital according to stress test results leaked this week. But it might not have needed that money if it hadn't shelled out $7 billion in dividends to its shareholders last year.

According to a new study, Bank Dividends In The Crisis: A...

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Economist: America Is Just Like An Emerging Market, Wall Street Oligarchs And All

(92) Comments | Posted April 23, 2009 | 3:03 PM

America may be more like an emerging market than we realize.

That is the analysis by an increasingly vocal and influential professor at MIT, Simon Johnson. In an interview with the Huffington Post, Simon Johnson, the former chief economist at the International Monetary Fund, said that just like the...

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Sean Hannity: Allen Stanford Fan, Recommends Companies On Radio Show (AUDIO)

(249) Comments | Posted February 18, 2009 | 3:14 PM


Mention 'Sean Hannity' to Stanford Coins & Bullion and get a free guidebook.

Yup, that's Stanford as in Stanford Financial Group, or Allen Stanford, the Texas billionaire who is apparently on the lam after being charged Tuesday in connection with a multi-billion-dollar fraud.

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