The herd gets on board EuroTARP
Based on comments this am from CNBC’s Joe “The Hair” Kernen, former U.S. Treasury Secretary Hank Paulson needs to get over to Europe and sheperd a new TARP program. Today’s lead editorial in The...
Tagged: u s treasury
Now about your test results, Mr. Lewis
I’m not sure what’s more odd: that U.S. regulators weren’t doing “stress tests” on their banks in 2007 and 2008, or that they now insist on putting the results out for all to see…before...
Is Goldman Sachs ignoring the lessons of history?
In October 1929, the Goldman Sachs Trading Corporation was on its last legs, having suffered from the investment trusts’ holdings in other similar NYSE trusts and from using whatever cash it had left to...
The Bull Market has returned
On a technical basis at least, the Dow Jones is back in Bull Market territory, rising 21% from the March 9th low. The recession might be still underway (see prior post “Bank lending drops...
The AIG / Citibank double standard
Imagine there’s a bomb ticking in the basement of your neighbour’s home. Who would you want to defuse it? The bomb squad from the local police force, or some guys and gals who answered...
Recent Comments