The Radford Free Press – Page 498 – All life is problem solving.

Economics / bailouts, bankruptcy, TARP, TCE, Tier 1 Capital /

Doh! Another Stupid Bank Plan

April 20, 2009

No sooner do I put down my quill from opining about my fears of silly bank plans, but I read of yet another. This morning I learn from the New York Times that the administration is floating yet another absurd bank bailout plan. This time we are being asked to believe that the capital we […]

Economics / B. of A., bailouts, Citibank, credit market, Goldman Sachs, Ireland, lending, loan losses, nationalization, taxpayers, Wells Fargo /

The Banks and the Economy … What’s New? Nothing.

April 20, 2009

The spate of recent bank earnings releases continues unabated this morning with Bank of America telling us that its first quarter net income was $4.25 billion. Along with the results last week from Wells Fargo, Goldman Sachs, and Citibank this B. of A. performance paints a picture of recovering health in banking. Not so fast. […]

Economics / bonuses, Goldman Sachs, regulation, TARP /

Goldman Sachs: A Model Citizen? Not!

April 16, 2009

I reported earlier this week about the way in which Goldman Sachs manipulated its earnings release. It magically overlooked telling us anything about what happened in last December when, whoops, it lost a ton of money. What I didn’t report is the ongoing campaign the bank is waging to establish itself as a ‘model citizen’ […]