A Better Plan for the Banking System
Take the money earmarked to large, corrupt and failing banks that wretchedly brought us to the precipice, and have the FDIC offer matching capital to anyone setting up a new community bank.
Take the money earmarked to large, corrupt and failing banks that wretchedly brought us to the precipice, and have the FDIC offer matching capital to anyone setting up a new community bank.
Cenk Uygur | Posted 04.10.2009 | Media
CNBC never did any exposés about the enormous risks our financial companies took because they didn't see that as their job. Jim Cramer is the least of the network's problems.
Alan Schram | Posted 04.08.2009 | Business
There is plenty of uncertainty now, but much less risk, because high quality stocks are available at much lower prices, and logically an investment is more attractive and less risky if made at a lower price.
Richard Seireeni | Posted 04.03.2009 | Business
Out with the old. In with the new and the green. Damn the torpedoes. Full green ahead.
Jonathan A. Schein | Posted 04.03.2009 | Media
Only now that the members of the media have seen their own 401ks and home values decline like those of the rest of the citizens in the country, they are broadcasting loud outrage.
Alan Schram | Posted 04.02.2009 | Business
The new budget President Obama proposed last week is no less than another American revolution, an economic revolution that changes the very fundamenta...
Dan Dorfman | Posted 03.27.2009 | Business
Taking a longer term outlook, Leibovit thinks "we're in for five or six years of hell," with the Dow tumbling to about 2,000. So where should investors put their money? Consider cash and gold.
Anthony Tjan | Posted 03.26.2009 | Business
In this downturn, cash may have been promoted from king to God. If you have it, now is a time of opportunity.
Alan Schram | Posted 03.25.2009 | Business
Housing prices have to fall because they have been inflated for years, but they will ultimately reach an economic equilibrium. When that is accomplished, the financial system will recover.
Paul Brest | Posted 03.16.2009 | Business
The nonprofit marketplace doesn't exhibit the single most essential characteristic of a well-functioning market: open exchange of high-quality information that helps people make good decisions.
Jill Keto | Posted 03.15.2009 | Business
On TV, you have to boil down answers into the shortest, most concise sound bites. Right now, my favorite sound bite is "Invest in Yellow: Corn, Wheat and Gold."
James Warren | Posted 03.14.2009 | Politics
Rarely in the rich history of congressional stonings have the victims been so crisply-attired, so contrite, so deferential, and so tolerant of their grandstanding captors.
Posted 03.14.2009 | Politics
The eight chief executives from bailed out Wall Street banks are testifying today before Congress. The CEOS will be quizzed aggressively on how they ...
Alan Schram | Posted 03.12.2009 | Business
Instead of recapitalizing and subsidizing the foolish and irresponsible banks that got us into this mess, we should let home prices fall to their economic equilibrium.
Paul Brest | Posted 03.02.2009 | Business
Don't yawn and click on another link -- administrative costs and overhead sound really boring, but they're critically important for nonprofit organizations and also for donors.
Paul Brest | Posted 02.27.2009 | Business
Most real-world decisions involve tradeoffs, and much corporate philanthropy lies somewhere between pure philanthropy and marketing.
Gary S. Wolfe | Posted 02.27.2009 | Business
U.S. Prosecutors allege UBS deliberately abused the Qualified Intermediary Program ("QI Program"), selling offshore banking services to U.S. Taxpayers to evade taxes.
Alan Schram | Posted 02.27.2009 | Business
While lower oil prices are welcome news for the US consumer and for consumers in other economies that rely on importing oil, the situation is very different around the world.
Jill Keto | Posted 02.27.2009 | Business
Alan Schram | Posted 02.19.2009 | Business
Spending is the problem that caused this crisis in the first place. We cannot fix the problem using more of its root cause.
Jill Keto | Posted 02.18.2009 | Business
Jill Keto | Posted 02.12.2009 | Business
"Charticle" featuring highlights from this week in the Economy. . . hoarding gold, hot recession jobs, and the U.S. Treasuries bubble. ...
Ralph Gomory | Posted 02.12.2009 | Business
How well was I qualified to become Auto Czar? Well, that depends on how you look at it. Sometimes ignorance itself can be a qualification.
Alan Schram | Posted 02.11.2009 | Business
Bear markets are difficult experiences, but they provide unique prospects. I believe we will look at the present U.S. stock market valuations as perhaps the best investment opportunity of a generation.
Don McNay | Posted 02.11.2009 | Business
The Lexington scandal helped me understand why some in the big city media were going easy on the Wall Street mess, while people like me, living in the heartland, are going crazy about their excesses.
Alan Schram | Posted 04.15.2009 | Business