Follow WallStreetBlips on Twitter
|
jamesykwakClaimed Blog: The Baseline Scenario WallStreetBlips Member since Feb. 15, 2009 |
baselinescenario.com - 3 hours ago
—
baselinescenario.com —
Frontline has a program on tonight about the
credit card industry, which may be a useful accompaniment
to the regulatory reform debate. They include this juicy paragraph in their press release: “They’re lower-income people-bad credits, bankrupts, young credits, no credits,” ...
(more)
What’s on TV
Comments
vote down
jamesykwak
posted 3 hours agoposted this
jamesykwak
posted 3 hours agoposted this
baselinescenario.com - 10 hours ago
—
baselinescenario.com —
Just when momentum was starting to build for
increased capital requirements as the core element of an
approach that will reign in reckless risk-taking, Morgan Stanley effectively demolishes the idea. In “Banking – Large & Midcap Banks: Bid for Growth Caps Capital Ask,” ...
(more)
Morgan Stanley Speaks: Against Relying On Capital ...
baselinescenario.com - 29 hours ago
—
baselinescenario.com —
Last week I wrote a post about “
government debt hysteria ” that has gotten a lot
of attention because of a link from Paul Krugman . (As Felix Salmon , said, “blogging is a lottery on the individual-blog-entry level.”) The main point of last week’s post was not ...
(more)
Blaming It on Obama
baselinescenario.com - 4 days ago
—
baselinescenario.com —
I don’t spend a lot of time trying
to police the economic news media — Dean Baker
and Brad DeLong are much better on that — but I found myself reading a two-week-old Newsweek column by Robert Samuelson that enraged me enough to type this out. (I read it on old-fashioned ...
(more)
Government Debt Hysteria
baselinescenario.com - 4 days ago
—
baselinescenario.com —
As everyone knows by now, Neil Barofsky, special
inspector general for TARP, has a new report out
on the decision by the Federal Reserve Bank of New York last Fall to make various AIG counterparties (primarily some very big banks with names you know) whole on the the CDS protection they had ...
(more)
The AIG-Maiden Lane III Controversy
baselinescenario.com - 5 days ago
—
baselinescenario.com —
The Community Reinvestment Act is a law originally
passed in 1977 that directed federal regulatory agencies to
ensure that the banks they supervised were not discriminating against particular communities in making credit available.The onset of the subprime mortgage crisis triggered a flood of ...
(more)
CRA Bashing, Nth Generation
baselinescenario.com - 5 days ago
—
baselinescenario.com —
Testimony submitted to the Congressional Oversight Panel, hearing
on “The overall impact of the Troubled Asset Relief
Program (TARP) on the health of the financial system and the general U.S. economy,” Thursday, November 19, 2009. ( pdf version ) Submitted by Simon Johnson, Ronald Kurtz ...
(more)
Written Testimony Submitted To The Congressional ...
baselinescenario.com - 5 days ago
—
baselinescenario.com —
This guest post was contributed by Raj Date,
head of the Cambridge Winter Center for Financial Institutions
Policy and a former McKinsey consultant, bank senior executive, and Wall Street managing director. Over the past several months, Congress has debated ways to strengthen and ...
(more)
Auto Race to the Bottom
baselinescenario.com - 5 days ago
—
baselinescenario.com —
This morning, starting at 9:30am, the Congressional Oversight
Panel holds a hearing to assess the performance of
the Troubled Asset Relief Program (TARP). The hearing will be streamed live and also archived , featuring testimony from: Dean Baker (Center for Economic and Policy Research), ...
(more)
What Did TARP Do?
baselinescenario.com - 6 days ago
—
baselinescenario.com —
One of our readers pointed me to a
paper by Edward Kane with the unfortunately complicated title
“ Extracting Nontransparent Safety Net Subsidies by Strategically Expanding and Contracting a Financial Institution’s Accounting Balance Sheet .” The paper is an extended ...
(more)
Slow Cat, Fast Mouse
baselinescenario.com - 6 days ago
—
baselinescenario.com —
This guest post was submitted by Arvind Subramanian
, a senior fellow at the Peterson Institute for
International Economics. Arvind is a leading proponent of the view that we need to rethink capital controls - he sees them as central to meaningful macroprudential regulation going forward. ...
(more)
Time For Coordinated Capital Account Controls?
baselinescenario.com - 7 days ago
—
baselinescenario.com —
“ Banking on the State ” by Andrew
Haldane and Piergiorgio Alessandri is making waves in official
circles. Haldane , Executive Director for Financial Stability at the Bank of England, is widely regarded as both a technical expert and as someone who can communicate his points ...
(more)
Banking In A State
baselinescenario.com - 8 days ago
—
baselinescenario.com —
I would like to strongly recommend Steve Randy
Waldman’s recent post on “ Discretion and Financial Regulation
.” He begins like this: “An enduring truth about financial regulation is this: Given the discretion to do so, financial regulators will always do the wrong ...
(more)
Steve Randy Waldman on Financial Regulation
baselinescenario.com - 8 days ago
—
baselinescenario.com —
Gretchen Morgenson of The New York Times (hat
tip Calculated Risk ) reports that the recent Worker,
Homeownership and Business Assistance Act of 2009 (which included the expansion of the homebuyer tax credit) included a curious tax break for money-losing companies: “a tax break that ...
(more)
Economics Puzzler of the Day
baselinescenario.com - 8 days ago
—
baselinescenario.com —
A reader pointed out a quick analysis done
by Dean Baker and Travis McArthur of the Center
for Economic Policy and Research back in September. They estimate the value of being “too big to fail” by looking at the spread between the cost of funds for banks above $100 billion in ...
(more)
One Cost of Too Big to Fail
