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Bank Stocks Beware: Bernanke & Fed Support Increasing Capital Requirements
A 7% equity capital raise for most banks would be catastrophic and dilute equity by 50%+, but a 3% raise seems manageable in a functioning economy. The problem is that the U.S. economy is on life...
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Foreign policy shrapnel, when Europe blows – By Phil Levy | Shadow Government
1. Relations between European countries could dramatically worsen. The tensions that union was meant to bury are apparently not as deep as one might have thought. A year ago, when the first Greek...
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Market Craters: Dow Falls 512 Points « naked capitalism
Yves gives the hard truth: “What we are seeing today is not as bad as the worst days of the crisis, but it ins’t much consolation for investors who had gotten back in the pool on the belief that the...
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Another Round of Bailouts? – NYTimes.com
Simon Johnson: In the wake of recent equity market declines, the clamor for bailouts of various kinds grows ever louder around the world. Influential voices call for “leadership” from the United States...
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German Taxpayers Willingly Subsidise Bankers | Michael Hudson
A bailout, like any other government expenditure, is a tax. Someone must pay all this money. And it is unfair to tax the broad population to pay for a special interest. Instead of being a progressive...
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Bloomberg: Wall Street Bailout MUCH BIGGER Than What We Were Told: $1.2 T |...
Morgan Stanley, along with Citigroup Inc., and Bank of America Corp., were the biggest borrowers under seven Fed emergency-lending programs. The three banks’ combined $298.2 billion in hidden Fed loans...
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Economic Crisis and Market Upheavals
New fears also arose about confidence in the banking system, after a European agreement reached in July on a new round of bailouts failed to calm the markets. Italy and Spain suddenly found themselves...
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The Fed Bails Out Gaddafi’s Libyan Bank, Arab Banking Corp. of Bahrain, Banks...
Fox Business notes: The conflicts of interest and policy controversies in the Federal Reserve’s bailout of the financial system now include helping out millionaires, billionaires, foreign automakers,...
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