Archive for January, 2010

A Most Surprising Week. More Are Coming.

I found myself occupied with other things this week which necessarily took me away from posting. Naturally, it turned out to be a hell of a week for news, so rather than allowing it all to pass without adding my two cents worth of opinion, I’ll take this opportunity to weigh in with my thoughts. [...]

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Friday Failures

Just for the record, the FDIC didn’t let up this week. Five more smallish banks were closed. Here’s the link to their website. I’ll write a bit more about this in a few minutes, but it’s worth noting that none of these banks nor the hundreds of others they’ve closed in the past few years [...]

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The Fruits Of Healthcare Reform

Joe Weisenthal makes an important point about the battle over healthcare with this statement: We’ll say this, in all sincerity: If Pelosi can get this done, she and Reid deserve MAJOR credit for what will be a triumph of party unity, to pass something this gigantic on 100% party-line votes, in the face of overwhelming [...]

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Some Real Facts On Bank Lending

The recurrent theme that the banks are hoarding money and refusing to lend to credit worthy borrowers won’t quit. It’s approaching urban legend status and therein lies the problem. All of the talk about a lack of credit to small and medium sized businesses retarding recovery has been largely based on opinion or at best [...]

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Bonus Fury: Why The Bankers Misread Things

I’ve intended to write something along the lines of ¬†why the banks were so tone deaf that they missed the furor over their bonus payment plans. It’s seemed as if they’ve been out to pick a fight, when all they probably needed to do was lay low this year and then get back to enriching [...]

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Housing: Recovery Is Hard To Spot In This Sector

As hard as they try, the banks and the Washington establishment seem unable to get a grip on a housing market that continues to spiral downwards. Delinquencies continue to increase while government programs intended to stem the tidal wave appear to be failing miserably. First, consider this from the WSJ. It talks of the dismal [...]

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Friday Failures

Late again. The FDIC lopped off the heads of three smallish banks on Friday. Here’s the link to their website so you can review the damage at your leisure. The agency seems to be getting up to speed pretty quickly. I wouldn’t be surprised to see a relatively large number of seizures in the early [...]

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