Banking

"Too Big To Fail": A Bailout Hoax

Ismael Hossein-zadeh | Posted 03.05.2009 | Politics


Ismael Hossein-zadeh

If "illiquidity is the core economic problem," as policy makers argue, why is then the government's injection of enormous amounts of liquidity failing to unfreeze the credit market?

Dialing for Derivatives

New York Times | Rick Moranis | Posted 03.04.2009 | Comedy


THANK you for calling BadBank, otherwise known as "Slumdog Billionaire." This call will not be monitored for quality control. One of our customer se...

Loosen Mortgage Lending Standards

Mike Garibaldi-Frick | Posted 03.03.2009 | Business


Mike Garibaldi-Frick

We can continue bailing out the banks and Wall Street or, we can take a more reasonable approach by helping out the middle class in a real tangible way.

Rush, Right Misguided on "Nationalization"

Andrew Belonsky | Posted 02.28.2009 | Politics


Andrew Belonsky

The right and Republicans have found an enemy far more terrifying than terrorism. It's insidious. It's dangerous. It's un-American. It's, it's nationalization! Oh, the horror!

Transform Banks into Credit Unions

Mike Garibaldi-Frick | Posted 02.27.2009 | Business


Mike Garibaldi-Frick

Banks have been ripping-off the middle class for years. In addition to user fees, the middle class pays banks large spreads on mortgages, credit cards and other types of debt.

Obama and Volcker: Economic Solutions, Good; Summers and Geithner: Financial Solutions, Not Good.

Saskia Sassen | Posted 02.27.2009 | Business


Saskia Sassen

The shadow banking system is not illegal or clandestine. It is in the open, but it has thrived on the opaqueness of the investment instruments, facilitated by their complexity.

From Big-name Fashion to Banking, A Green Headquarters is Now a Must

Mairi Beautyman | Posted 02.21.2009 | Green


Mairi Beautyman

Somewhere, there's a little black book that contains everything you need to know to create a successful business: In the 21st century, that book says green headquarters.

Obama Administration Begins WIth No Quick Fix For Banks

New York Times | EDMUND L. ANDREWS | Posted 02.21.2009 | Business


WASHINGTON --Even before they have settled into their new jobs, President Obama's economic team faces an acute crisis in the nation's banking system t...

Mortgage Mayhem Misses Main Street Lenders -- How Come?

Bill Donius | Posted 02.16.2009 | Business


Bill Donius

As a banker this news cycle has been depressing to witness. However, as depressing as it is for me, I can only wonder how dismaying it must be for the average, hard working taxpayer.

Bank Stocks Plunge: Bank Of America, Citi Take Dive

AP | STEVENSON JACOBS and DANIEL WAGNER | Posted 02.15.2009 | Business


NEW YORK — The banks may need a bigger bailout. The government is mulling another multibillion-dollar aid package for Bank of America Corp., ra...

The Last Story About a Failed Financial Institution You'll Ever Have to Read

Tom McNichol | Posted 02.12.2009 | Business


Tom McNichol

Why did federal regulators look the other way while The Firm made thousands of risky investments that eventually brought the company to its knees?

Madoff Just the Start of Post-Bubble Scandals

Diane Francis | Posted 02.09.2009 | Business


Diane Francis

The $50-billion fraud, allegedly perpetrated by New York's Bernie Madoff, is a predictable outcome following the collapse of a speculative bubble. Big bubbles attract bigger crooks.

Why Clunky is OK: The Building Blocks of Technological Adoption

Allison Mooney | Posted 01.17.2009 | World


Allison Mooney

We're so focused on "user experience" and design that perhaps we get ahead of ourselves and miss the fundamentals.

Bailing Out Dan Quayle

Paul Jenkins | Posted 01.14.2009 | Business


Paul Jenkins

The battle over the bailout of some segments of the US auto industry has become increasingly defined in terms of class, but this hides the fact that the same type of players will benefit from both bailouts.

Time for banking and auto workers to stage a sit-in

Eve Tahmincioglu | Posted 01.12.2009 | Business


Eve Tahmincioglu

Everyone thought that the 200 plus workers at a Chicago door and window factory were so quaint, staging an old-fashioned sit-in in today's all-about-m...

A Bailout Proposal: No More ATM Fees

Nicholas Brown | Posted 12.29.2008 | Business


Nicholas Brown

I think it's only fair that as a small gesture of good will that any bank that accepts federal bailout money should no longer be allowed to charge any fee for any ATM in its control.

FDIC Tries To Break Lending Logjam With $1.4 Trillion Guarantee

AP | MARCY GORDON | Posted 12.22.2008 | Business


WASHINGTON — The FDIC will guarantee up to $1.4 trillion in U.S. banks' debt for more than three years as part of the government's financial res...

A Bad Idea: Using a Financial Solution to the Financial Crisis

Saskia Sassen | Posted 12.21.2008 | Business


Saskia Sassen

It is almost irrational to give finance the instruments to do more of what has brought us to the brink. The prior bailouts each contributed one more element to the unsustainable leveraging we have now reached.

President-Elect Obama: A Lesson from Your Mother-Put Women in Charge of the Economy!

Vivian Norris de Montaigu | Posted 12.14.2008 | Style


Vivian Norris de Montaigu

Obama's mother knew a thing or two about how women, when in charge of the economy, be it of a household, a bank, or a country, can make a real difference.

My Conversation with Henry Paulson

Charlie Rose | Posted 11.22.2008 | Business


Charlie Rose

2008-10-22-rosepaulson.jpgI spoke with Paulson about whether the rescue plan was necessary to build confidence in the economic system.

Bankers Blink at Paulson's Unprecedented Power, Shock and Awe; So Should We!

Rob Kall | Posted 11.15.2008 | Business


Rob Kall

Come November 5th, when the election is over, Congress has an obligation to protect us from the final days of Bush and Cheney.

The Bailout: Don't Believe Everything You Hear

Neil Grossman | Posted 11.01.2008 | Business


Neil Grossman

Congress has asserted that they are most interested in protecting the interests of the American Taxpayer. I can only summarize my comments by saying "Don't Believe Everything You Hear."

Republican House Bailout Plan Is A Hidden Tax

Stephen Herrington | Posted 11.01.2008 | Home


Stephen Herrington

The Republican House plan would be a government bailout with the prospect that bank contributions would cover the costs over time. But those contributions will not come out of bank profits but will be passed on to consumers, further adding to the costs of credit.

You Really Believe We're the Priority?

Neil Grossman | Posted 10.29.2008 | Business


Neil Grossman

JPMorgan ends up with the good part of Wamu for a song -- the taxpayer ends up with "Toxic Waste." Seems to me like a great deal for the taxpayer.

Automated Data Feeds Make Smart Regulation Possible Now

W. David Stephenson | Posted 10.24.2008 | Business


W. David Stephenson

What we need isn't more regulation of banking and business in general, but "smart" regulation.