The Radford Free Press – Page 492 – All life is problem solving.

Economics / banking, Citibank, TCE, Tier 1 Capital /

The Citibank Fudge

June 10, 2009

This is why you should not believe a word a banker tells you. Alternatively, bankers seem all to aspire to careers as illusionists. Today we are told that Citibank has reached an agreement with the government to convert most of the preferred stock the government acquired when it saved the bank fro collapse. The conversion […]

Economics / B. of A., bailouts, banking, Citibank, Federal Reserve Board, Goldman Sachs, JP Morgan Chase, loan losses, regulation, TARP, Wells Fargo /

Banks To Repay TARP Money

June 9, 2009

The Treasury Department has approved the plans of ten banks to repay the TARP money they received as part of last year’s bailout of the banking system. The total cash going back is $68 billion, which can either be lent out again if the need arises or simply be used to reduce the government’s need […]

Economics / bankruptcy, Chrysler, public policy, Supreme Court /

Chrysler Deal Hits a Bump

June 8, 2009

Lawyers. They get everywhere. I read recently that about 2% of our GDP is consumed by the legal system in one way or another. And now Chrysler’s survival has been thrown into doubt by the claims of a few Indiana based pension funds who are asking the bankruptcy court to void the government mediated sale […]