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Thoughts & Comments
The Bank Blitz Memo: Who Works for Whom?
There’s a difference between whom we “report to” and whom we “work for”....
By David Martin,Posted 02/03/2010
How To Reform The Financial System
Our ten-point proposal...
By Thomas Brown,Posted 02/02/2010
What's The Rush With Financial Regulatory Reform?
In haste, come bad ideas--like the CFPA and the "Responsibility Tax" on bank liabilities...
By Gary Townsend,Posted 02/01/2010
More articles below
The CRE Time Bomb--Not
Doomsayers believe the coming crackup in commercial real estate credit will be a replay of the residential mortgage mess...
By Thomas Brown,Posted 01/27/2010
Obama's Plan To Reform The Banking Business: Asinine
If the president thinks more taxes and higher capital requirements will get banks to lend more, he's kidding himself...
By Thomas Brown,Posted 01/25/2010
The Bank Blitz Memo: Are You Experienced?
Are your customers forced to go through new employees’ growing pains along with them?...
By David Martin,Posted 01/06/2010
What Caused The Panic Of 2008?
Hint: It had nothing to do with the repeal of Glass-Steagall. Here's our list of the culprits....
By Gary Townsend,Posted 01/04/2010
News Headlines
Charlotte Observer: Time for bonus round at banks It's not the good old days, and it won't be all cash. But millions in extra pay will be handed out. ...
Dallas Business Journal: Prosperity Bank to buy First Bank's Texas branches Prosperity Bank has sign a deal to acquire the Texas branches of First Bank for about $27.5 million. ...
Reuters: Fed's Dudley: Financial reform needs global scope A revamp of the financial system needs to be global in nature to prevent a repeat of the worst financial crisis in some 70 years, a top Federal ...
Washington Post: Credit unions seek larger share of business loans The names of small businesses seeking loans are scrawled across a whiteboard in the Bethesda offices of Mid-Atlantic Financial Partners: A Denny's franchisee with plans for a new restaurant, the ...
New York Times: S.E.C. Enforcers Focus on Avoiding Madoff Repeat  Bernard L. Madoff haunts these corridors like the He-Who-Must-Not-Be-Named of Wall Street. ...
Reuters: U.S. rule directs banks to share data abroad A U.S. financial crime agency has adopted a rule allowing local, state and foreign police agencies to seek information from American banks ...
N.Y. Post: Confident Chiesi breaks silence As one associate of accused insider trading mastermind Raj Rajaratnam pleaded guilty yesterday, a key figure in the alleged scheme was professing her innocence and lamenting her portrayal as a ...
L.A. Times: New SEC-Bank of America settlement proposal faulted Reporting from New York - A federal judge who rejected the government's first bid to settle civil charges against Bank of America Corp. showed ...
Boston Globe: He has state, US funds waiting As the top economic official in Massachusetts government, Gregory Bialecki is responsible for giving away hundreds of millions of dollars to revive the state’s troubled ...
Chicago Tribune: BofA deal date set The judge overseeing the Securities and Exchange Commission's lawsuit against Bank of America over its Merrill Lynch purchase ...
Chicago Tribune: Illinois AG files suits on reverse mortgages The state of Illinois filed lawsuits Monday against two firms that offer reverse mortgages to senior citizens, alleging that they used unfair and deceptive ...
Charlotte Business Journal: Wells Fargo to hire 1,400 brokers Wells Fargo & Co. plans to hire 1,400 brokers this year. The bank, which acquired Charlotte-based Wachovia Corp. in late 2008 ...
Reuters: Fed's Bullard: May see asset sales late 2010 The Federal Reserve could sell some assets later this year in an effort to whittle down its bloated balance sheet to avoid inflation, a senior ...
Boston Globe: Feeling the chill Skidding market may hurt Mass. companies hoping to go public ...
Bloomberg: ‘Genghis Khan,’ Barings CEO Seek Success Where Goodwin  Peter Norris and Vernon Hill, forced out of the banks they once ran amid scandals, are taking on the U.K.’s biggest lenders to ...
Wall Street Journal ($): Rakoff Has Questions on BofA-SEC Pact  The judge who threw out a settlement between Bank of America Corp. and the Securities and Exchange Commission raised questions Monday about their new deal to end two federal lawsuits alleging ...
Wall Street Journal ($): Mortgage Mess Breeds Unlikely Allies  Bruce Marks, a community activist from Boston, has long denounced investors in mortgage securities as "predators," accusing them of exploiting poor people lured into unaffordable home loans. Lately, ...
Wall Street Journal ($): No Exit in Sight for U.S. As Fannie, Freddie Flail  When Charles E. Haldeman Jr. became Freddie Mac's chief executive officer in August, the ailing housing-finance giant had already consumed $51 billion of government money to stay afloat. It's likely ...
Quick Takes (Bankstocks.com Daily Blog)
TWO GIANTS OF THE SENATE HAVE AN IDEA
Now Barbara Boxer and James Webb are taking their turn having a whack at the banks: Feb. 5 (Bloomberg) -- Senate Democrats Barbara Boxer and Jame...
Posted 02/05/2010 12:51 PM By Matt Stichnoth More>>
WHAT'S THE DEFINITION OF INSANITY, AGAIN?
I knew history sometimes repeats itself, but had no idea it can happen this fast: U.S. TO HELP BANKS IN DISTRESSED AREAS WASHINGTON — The Treas...
Posted 02/05/2010 9:46 AM By Matt Stichnoth More>>
NOW THAT WOULD BE A ONE-WAY MARKET
Bloomberg: "Taleb Says ‘Every Human’ Should Short U.S. Treasuries"
Posted 02/04/2010 3:04 PM By Matt Stichnoth More>>
NEW YORK TIMES WONDERS WHY UPSIDE-DOWN BORROWERS AREN'T DEFAULTING EN MASSE
The New York Times chronicles the rise in jingle mail, and seems to think there will be more of it: The difference between letting your house go...
Posted 02/03/2010 12:36 PM By Matt Stichnoth More>>
BORROWERS SUDDENLY PREFER THEIR CREDIT CARDS TO THEIR UNDERWATER HOUSES
Talk about being upside-down: As the economy climbs out of the worst recession in decades and unemployment remains high, financial strains have ...
Posted 02/03/2010 11:54 AM By Matt Stichnoth More>>
MORE OF ITS WORKFORCE IS IN NY AND ITS CEO LIVES IN BOSTON, SO OF COURSE THE COMPANY IS BASED IN NORTH CAROLINA
Charlotte won’t be Charlotte anymore if it ever stopped being paranoid about whether BofA might move its headquarters out of town. . . .
Posted 02/02/2010 4:37 PM By More>>
OH, THE JOY OF TRYING TO KEEP THE FEDERAL GOVERNMENT OFF YOUR BACK
What a bunch of weenies. . . .
Posted 02/02/2010 3:56 PM By Matt Stichnoth More>>
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