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TARP Repayments: Good or Bad?

Maybe I am the only one, and that wouldn’t be the first time, who thinks that the rush by some of our larger banks to repay the TARP money they received from the government is a bad thing. Rotten in fact. It seems fairly obvious to me: we pumped a ton of money into the […]

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More Pale Green Shoots

I love the stock market’s constant urge to exaggerate any good news. Lately that has led us to some odd analysis. Even supposedly sober folks like those at the Financial Times fall prey to what we should now call Bernanke’s ‘Green Shoots Syndrome’ or simply BGSS. Today’s example of this quickly spreading disease is the […]

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Financial [Re]Regulation

It is a sad commentary on the state of the economy that I return after a few days of idle bliss only to discover that the main topic of discussion is precisely the same as it was last week. And the week before that. And … well the banks need fixing. Not a lot of […]

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