baselinescenario.com - 27 days ago
—
The WSJ reports ( on-line ): “The U.K.’s top treasury official Sunday said the government is starting a process to rebuild the country’s banking system, likely pressing major divestments from institutions and trying to attract new retail banks to the market.” The ...
Break up the big banks
hf-implode.com 9/15/2009 — "President Barack Obama pledged on Monday “to put an end to the idea that some firms are ‘too big to fail.’” Though he outlined some worthy prescriptions, he failed to face up to the very size and power of the financial institutions that makes “too big to fail” possible."
King calls for break
ft.com 10/20/2009 — Mervyn King, governor of the Bank of England, called on Tuesday night for banks to be split into separate utility companies and risky ventures, saying it was “a delusion” to think tougher regulation would prevent future financial crises. Changing face ...
Regulation Didn’t Break Banks; Police Don’t Cause Crime
paul.kedrosky.com 10/28/2009 — Good comment from John Kay in the FT: Their activities underwritten by implicit and explicit government guarantee, it is increasingly business as usual for conglomerate banks. The politicians they lobby sound increasingly like their mouthpieces, ...
** TIME FOR A BREAK **
tuckerreport.com 5/20/2009 — I need a trading break for a couple of weeks. I will return to posting soon. I may not be able to answer emails promptly, but I will answer them. Trade carefully.
Big Banks Fail
baselinescenario.com 10/22/2009 — In the Wall Street Journal on Tuesday morning , Charles Calomiris , a leading banking expert, published an op ed entitled “In the World of Banks, Bigger can be Better.” It begins,
“Legitimate concern about the risks to taxpayers and the economy posed by banks that are ...
BOE More Likely to Expand Bond Purchases on GDP Slump (Update1)
bloomberg.com 10/23/2009 — Oct. 23 (Bloomberg) -- Britain’s failure to escape the worst recession since World War II may force the Bank of England to increase its bond-purchase plan next month, economists said. Seven months after Governor Mervyn King’s central bank started a ...