Tag Archives

Archive of posts published in the tag: banks

The Hombre Syndrome

from the Wall Street Journal Look Who’s Getting That Bank Settlement Cash –Tens of millions of dollars disguised as ‘consumer relief’ are going to liberal political groups.  by Andy Koenig The most recent came in April when the Justice Department announced a…

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Buffet’s Sweet Goldman Deal

While the players and regulators were struggling to get investors to commit capital to the major banks to avoid a meltdown, Warren Buffet was called upon several times.  He consistently turned them down because the assets were too complicated to…

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The Costs of Poor Customer Service

I have a Schwab account that was closed out years ago. Because of the imperfections of the process of closing accounts it has a balance of eighteen cents. If I call I will face 20 minutes of voice mail. I…

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Digging Fannie Mae a Much Deeper Hole

While banks are returning TARP money, some having taken it under duress, Fannie Mae continues to lose money and receive more bailout. In return for such dismal performance executives are getting pay raises and bonuses. It is a growing contention…

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The Seeds of our Next Crisis

One of the most intriguing concepts of economics is the concept of “moral hazard.”  It is a corollary to a more obvious principle that everything has a cost. An understanding of it is critical for those whose world view is…

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