The Radford Free Press – Page 512 – All life is problem solving.

Economics / nationalization, stress tests /

There is ‘One More Thing’: Those Stress Tests

April 20, 2009

To cap off a day of banking fun: What about those stress tests? We are about to get the roll out of the results. So here’s what we are watching for: There are nineteen major banks being reported on. Obviously they run the gamut in terms of health. So the difficulty the administration now faces […]

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. […]