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Thoughts & Comments
The Bank Blitz Memo: Who Works for Whom?
There’s a difference between whom we “report to” and whom we “work for”....
By David Martin,Posted 02/03/2010
How To Reform The Financial System
Our ten-point proposal...
By Thomas Brown,Posted 02/02/2010
What's The Rush With Financial Regulatory Reform?
In haste, come bad ideas--like the CFPA and the "Responsibility Tax" on bank liabilities...
By Gary Townsend,Posted 02/01/2010
More articles below
The CRE Time Bomb--Not
Doomsayers believe the coming crackup in commercial real estate credit will be a replay of the residential mortgage mess...
By Thomas Brown,Posted 01/27/2010
Obama's Plan To Reform The Banking Business: Asinine
If the president thinks more taxes and higher capital requirements will get banks to lend more, he's kidding himself...
By Thomas Brown,Posted 01/25/2010
The Bank Blitz Memo: Are You Experienced?
Are your customers forced to go through new employees’ growing pains along with them?...
By David Martin,Posted 01/06/2010
What Caused The Panic Of 2008?
Hint: It had nothing to do with the repeal of Glass-Steagall. Here's our list of the culprits....
By Gary Townsend,Posted 01/04/2010
News Headlines
L.A. Times: 'Cash-in' refis growing in popularity Instead of tapping into equity, Americans are preferring to put in cash to cut debt. ...
Reuters: Citi in talks over $3 billion in car loans Citigroup Inc (C.N) has held talks with private equity groups and hedge funds over the sale of $3 billion in car loans in a move to clear troubled ...
Reuters: CIT, emerging from bankruptcy, hires Thain as CEO CIT Group Inc (CIT.N) has hired former Merrill Lynch CEO John Thain as its new chief executive, the commercial lender said late on Sunday ...
Bloomberg: Feinberg Says He Spoke With Blankfein About Goldman Pay Plans   Kenneth Feinberg, the U.S. special master on executive compensation, said Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein consulted ...
Crain's Chicago Business: Valley Community Bank bailout collapses as investors pull out A deal approved by regulators to save troubled Valley Community Bank in west suburban St. Charles has fallen ...
Cleveland Plain Dealer: KeyCorp vice chairman to join struggling AIG   The vice chairman for KeyCorp has left to take a job with struggling insurer American International Group, the company said today ...
Puget Sound Business Journal: JPMorgan plans major expansion in Washington state Taking advantage of the tumult among local banks, JPMorgan Chase & Co. is quickly building its new commercial banking ...
New York Times: European Central Bank in a Squeeze  Whether he likes it or not, Jean-Claude Trichet is not just the president of the European Central Bank. Mr. Trichet, 67, is also the de facto president ...
Bloomberg: Blackstone, Quattrone Return to IPO Market as Offerings Slump   Blackstone Group LP and Frank Quattrone are returning to the U.S. initial public offerings market after half of this year’s ...
Boston Globe: $525m Bain fund is its first since ’07 Bain Capital’s venture capital group raised a $525 million fund at the end of last year, the firm says, its first new fund since 2007. ...
Phoenix Business Journal: Local banks scurrying to find buyers for foreclosed homes Desert Hills Bank is using some nontraditional marketing methods to unload its heavy portfolio of foreclosed properties, ...
Reuters: Private equity firms brace for tax battle  Private equity firms are again being threatened with higher taxes, as a long-running debate over how to classify their profits again becomes ...
Charlotte Observer: Struggle with bank drags on past a year Desperation drives couple to foreclosure assistance firms that N.C. officials say charge illegal fees. ...
Wall Street Journal ($): Mortgage Bankers Sell Building at a Loss  Like millions of American households, the Mortgage Bankers Association found itself stuck with real estate whose market ...
Wall Street Journal ($): Geithner Defends U.S. Bond Rating  Treasury Secretary Timothy Geithner on Sunday said the U.S. wasn't in danger of losing its triple-A bond ...
Wall Street Journal ($): Merrill's Ex-Chief Is Back, Atop CIT  Former Merrill Lynch & Co. chief John Thain is joining embattled lender CIT Group Inc., bringing together two prominent ...
Quick Takes (Bankstocks.com Daily Blog)
TWO GIANTS OF THE SENATE HAVE AN IDEA
Now Barbara Boxer and James Webb are taking their turn having a whack at the banks: Feb. 5 (Bloomberg) -- Senate Democrats Barbara Boxer and Jame...
Posted 02/05/2010 12:51 PM By Matt Stichnoth More>>
WHAT'S THE DEFINITION OF INSANITY, AGAIN?
I knew history sometimes repeats itself, but had no idea it can happen this fast: U.S. TO HELP BANKS IN DISTRESSED AREAS WASHINGTON — The Treas...
Posted 02/05/2010 9:46 AM By Matt Stichnoth More>>
NOW THAT WOULD BE A ONE-WAY MARKET
Bloomberg: "Taleb Says ‘Every Human’ Should Short U.S. Treasuries"
Posted 02/04/2010 3:04 PM By Matt Stichnoth More>>
NEW YORK TIMES WONDERS WHY UPSIDE-DOWN BORROWERS AREN'T DEFAULTING EN MASSE
The New York Times chronicles the rise in jingle mail, and seems to think there will be more of it: The difference between letting your house go...
Posted 02/03/2010 12:36 PM By Matt Stichnoth More>>
BORROWERS SUDDENLY PREFER THEIR CREDIT CARDS TO THEIR UNDERWATER HOUSES
Talk about being upside-down: As the economy climbs out of the worst recession in decades and unemployment remains high, financial strains have ...
Posted 02/03/2010 11:54 AM By Matt Stichnoth More>>
MORE OF ITS WORKFORCE IS IN NY AND ITS CEO LIVES IN BOSTON, SO OF COURSE THE COMPANY IS BASED IN NORTH CAROLINA
Charlotte won’t be Charlotte anymore if it ever stopped being paranoid about whether BofA might move its headquarters out of town. . . .
Posted 02/02/2010 4:37 PM By More>>
OH, THE JOY OF TRYING TO KEEP THE FEDERAL GOVERNMENT OFF YOUR BACK
What a bunch of weenies. . . .
Posted 02/02/2010 3:56 PM By Matt Stichnoth More>>
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