Related Blog Posts
Geithner Says Loan Crisis May Wreck Economy, But Has No Solution
8 hours ago ago from 24/7 Wall St.
Treasury Secretary Geithner, who many members of Congress would like to see out of his job, yesterday said that tight credit could derail the nascent economic recovery. “Right now, the real risk we face is that banks are not lending enough and not going to provide the capital that businesses need to grow for the economy to strengthen going forward,” he said in an interview on National Public Radio. Geithner's trouble is that no one in ...
Related contentThe reasons why fiscal stimulus may not work.
16 hours ago ago from InvestmentWatch
Credit financed the malinvestments and when you liquidate them in order to release capital banks must recognize their losses, which means they must take back from the economy the same amount of money they put into the economy with the original loan. If banks lack sufficient profits to extinguish loan losses then they start extinguishing their capital, which would lead to a collapse in bank share prices as investors run for the exits ...
Related contentCrony Capitalism
3 hours ago ago from John Stossel
University of Michigan business professors Ran Duchin and Denis Sosyura recently conducted a study of banks that received bailout money. Surprise, surprise – banks with the strongest political connections ended up getting the biggest bailouts: … [A] board seat at a Federal Reserve Bank was associated with a 31 percent increase in the likelihood of receiving CPP [Capital Purchase Program] funds, while a bank's connection to a House member ...
Related contentPRIMED FOR ANOTHER CRISIS ? / THE WALL STREET JOURNAL ( RECOMMENDED READING )
6 hours ago ago from Gonzalo Raffo InfoNews
HEARD ON THE STREET DECEMBER 23, 2009, 12:22 P.M. ET . Primed for Another Crisis? By PETER EAVIS Subprime securities whacked the banking sector . Could lenders now face a not-so-prime sovereign crisis ? As government , or sovereign , borrowers rack up large fiscal deficits , banks have been big buyers of their debt . One reason : In a shaky economy , banks are looking for safer alternatives to corporate and consumer loans . But ...
Related contentI am lost in a world of spread sheets and receipt
5 hours ago ago from A Running Commentary
I am lost in a world of spread sheets and receipts. The aftermath of one years worth of planning and a week in the woods with a bunch of teenagers is several intense hours of trying to reconcile actual money in the bank versus the theoretical amount of money that should be in the bank. This process involves collecting various receipts, checking notes, and a substantial amount of deductive reasoning. The whole ordeal would have been made a ...
Related contentRelated News
Nothing to see... move along.
