Category Archives: banks

Zombie Banks

Think that the worst is over and the “green shoots” are starting to appear everywhere? Think again. Advertisements

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Gaming the Government Bailout

This is a fascinating, must read article. Do you think the banks are going to do what is best for the country or what is best for themselves? Yeah, me too. This article discusses how they can do so.

Posted in bailout, banks, enron, tarp | 2 Comments

Must Read of the Month (and probably Year)

Take the time to read this article from the Atlantic Monthly. Very important! Here is the heading paragraph. The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist … Continue reading

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Latest Trillion Dollar Plan-of-the-Week

This would be hilarious if it weren’t sending us all down the road to serfdom.  The latest “bank bailout plan” is Monday’s “Trillion Dollar Plan of the Week to Save the Economy.”  No doubt sufficient bonuses are included so that … Continue reading

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Zombie Banks

Unsurprisingly, we are going down the same path that the Japanese did in the ’90’s, which is to say, not acknowledging the problems with our banks and killing off the unsolvent ones so that the healthy ones can prosper.

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About That Bank Bailout

You know that 350 billion…no 700 billion…no 2 trillion dollar bailout. The new Treasury secretary is going to supply money without end. Should keep the boys on Wall Street in bonuses for years to come. Hope someone wants to borrow … Continue reading

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Why the US Will Guarantee All Bank Deposits (Coming Soon)

If you are a large company and both Ireland and Germany are guaranteeing bank deposits, where are you going to put your money? (Hint: Not the U. S.). Since we are running a current account deficit that requires 2.5 billion … Continue reading

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