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Zombie Banks

Zombie Banks: A New York Story in Three Parts

Jim Luce | Posted 02.08.2012 | Business
Jim Luce

I spoke to Yalman Onaran about his insightful Zombie Banks. Everyone is afraid that the world economy is about to go into a second recession, I asked him. Why are we heading in that direction?

Could Bloomberg Lawsuit Mean Death to Zombie Banks?

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

On March 19, Bloomberg won its lawsuit against the Federal Reserve for information that could expose which "too big to fail" banks in the United States are walking zombies and which banks were merely rotting.

A Proposal on How to Clean Up the Banks

Jeffrey Sachs | Posted 05.25.2011 | Business
Jeffrey Sachs

The taxpayers should take over the bad assets in return for bank equity, but with a twist: the amount of equity transferred to the taxpayers would not be determined immediately.

401k Investing: 8 Zombie Stocks To Avoid

BloggingStocks | Michael Shulman | Posted 05.25.2011 | Business

Right now there are few things scarier than the post-market report on CNBC. It's almost like watching a horror movie. And I've got some zombie stoc...

Zombie Companies Haunt Stock Market Rally

Garrett Johnson | Posted 05.25.2011 | Business
Garrett Johnson

Insiders are selling and only speculators are buying. This doesn't sound like a market that the little guy should get involved with.

Zombie Banks Still Walk Among Us: CNN

CNN | David Ellis | Posted 05.25.2011 | Business

Small banks facing severe loan losses and in need of capital continue to operate, indicating a reluctance on behalf of regulators to shut them down....

Collateral Damage and Double Standards

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

The stress tests were not a set of rigorous examinations at all, but a modeling exercise using the banks' own valuations of their assets. Why is the Fed low-balling the problem? The hope is that by keeping the banks afloat for a few more months, and trying to entice private capital back to the table, the recovery in other parts of the economy will spill over onto the banks. But the greater likelihood is that weakened banks will continue dragging down the rest of the economy.

More Smoke and Mirrors for Zombie Banks and their Toxic Assets

Emma Coleman Jordan | Posted 05.25.2011 | Business
Emma Coleman Jordan

Who will benefit from this attack on transparent accounting and accountability? The taxpayers will certainly lose.

Sunday Roundup

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

Barack Obama's Special Olympics line on Leno got all the headlines, but the night's real money quote was his saying that his administration plans to "set up a securitized market for student loans and auto loans outside of the banking system" in order to "get credit flowing again." Excuse me, but isn't that what the $700 billion bank bailout was supposed to do? So what happened? Instead of lending the billions we gave them, Obama explained to Leno, the bailed out banks "are keeping it in the bank because their balance sheets had gotten so bad." Imagine that: zombie banks using taxpayer money to stay afloat. If the White House really didn't see that one coming, it's no wonder the ferocity of the public's reaction to the AIG bonuses caught them so off-guard.

Conservatives and Their Pity Parties

Thomas Frank | Posted 05.25.2011 | Home
Thomas Frank

The party out of power is also a party out of touch.

Geithner's Folly

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

All of Obama's good work will be for naught if his team doesn't get the banking system functioning again.

Trust: The Reason Bank Nationalization is Essential

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Without trust, without confidence that your counterparty financing institutions can deliver or be trusted to execute the obligations they undertake, commerce as we know it will come to a standstill.

Ryan Grim

HuffPost Contest: Name That Bank Seizure

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

Republican Sen. Lindsey Graham of South Carolina stunned political observers on Sunday when he said that "the idea of nationalizing banks" must be kep...

Congress and Administration Reach Deal on Economic Stimulus Plan

William Galston | Posted 05.25.2011 | Politics
William Galston

Sooner or later, the administration will have to level with the people, and then make the case for a financial rescue package the magnitude of which will make the stimulus package look like pocket change.

Why is Obama Reluctant to Kill the Zombie Banks Threatening Our Economy?

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

The plan laid out -- or, more accurately, sketched out -- by Tim Geithner makes it very clear that he is on the wrong side of the issue, more worried about the banking industry than the American people.

Can't Get There from Here

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

The Obama administration has made its first serious misstep. No, it wasn't the wooing of ingrate Republicans, or the dining with clueless reactionary pundits. It is much more significant.

Bipartisanship Fetishism vs. What's Best for America: Obama Needs to Choose

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

When Galileo became convinced of the truth about how the solar system works, he didn't decide to just split the difference with the Pope so he could get a few nice editorials about "common ground" and "working together." Obama needs to stop trying to appease the bipartisanship fetishists. READ MORE Why is Obama Reluctant to Kill the Zombie Banks Threatening Our Economy? The plan laid out -- or, more accurately, sketched out -- by Tim Geithner makes it very clear that he is on the wrong side of the issue, more worried about the banking industry than the American people. Like Hank Paulson before him, Geithner appears more concerned about saving particular banks than saving the banking system. READ MORE

Bank On It No More

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

What will the Obama administration do with the banks that are now on life support? The decision -- with new announcements rumored for next week -- is critical to any recovery plan.