Category Archives: Banks

Bank Of America Enters The Bunker

After the Forbes Assange interview, Bank Of America set out to prepare for the damage. NYT: Since then, a team of 15 to 20 top Bank of America officials, led by the chief risk officer, Bruce R. Thompson, has been … Continue reading

Posted in Banks, financial meltdown, WikiLeaks | 1,070 Comments

Could Major Financial Reform Pass on a Voice Vote?

This got me thinking: Lobbyists and committee staffers expected that the amendment — which would mandate that banks essentially could not lend out or invest more than 12 dollars for every dollar they keep in reserve — would only get … Continue reading

Posted in Banks, credit crunch, Financial Reform, financial regulation, Gold Standard | Leave a comment

Dr. Suess: Good Bank, Bad bank

h/t The Big Picture: Good Bank, Bad Bank by Dr. Suess I’m joining the Krugman chorus. At this point, it’s time to nationalize the insolvent banks, sell off their assets, and let the market heal itself.

Posted in Banks, Dr. Suess, paul krugman | Leave a comment