zacks.com - 2/2/2009
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Posted Wed Jan 28, 11:32 am ET Posted By: Dirk van Dijk, CFA The country already has enough bad banks -- Bank of America ( BAC ) and Citigroup ( C ), for starters. OK, that's just snarky, but we do have an existing mechanism for a bad bank -- it is called the FDIC. If a bank makes too many bad ...
xnerg.blogspot.com - 1/31/2009
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xnerg.blogspot.com —
yes, once again it's time to celebrate b.a.d.,
or blogroll amnesty day , for short! this space,...
along w/our parters in this endeavor, jon swift and blue gal , are once again rejoicing in the plethora of the cornucopia of the excess of the diversity ...
(more)
b.a.d. days are here again!
nakedcapitalism.com - 2/4/2009
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nakedcapitalism.com —
Dear God, let's just kiss the US economy
goodbye. It may take a few years before the...
loyalists and permabulls throw in the towel, but the handwriting is on the wall. The Obama Administration, if the Washington Post's latest report is accurate, is ...
(more)
The Bad Bank Assets Proposal: Even Worse Than You Imagined
swampland.blogs.time.com - 2/6/2009
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swampland.blogs.time.com —
This bad, House Speaker Nancy Pelosi's office shows
us: If you are having trouble reading the fine...
print: The blue line shows job losses in the 1990 recession; the red line is 2001, and the green line is the path we are on now. ...
(more)
How Bad Is It?
Comments
Blog Reactions
Obama Financial Team to Taxpayers: You’ll Get Nothing, and Like It
Firedoglake —
... As a business person, Warren Buffet quite rightly wanted something for his money when he bought up failed banks that couldn't get help anywhere else. In fact, he wanted a lot. He expected to have the ability to make sure the same crooks executives weren't pulling down the same salaries for making the same mistakes, and that the business plan changed. It was pretty basic, a bedrock principle of capitalism, the ability to exercise control appropriate to one's share of ownership. ...
Jane Hamsher: Obama Financial Team to Taxpayers: You'll Get Nothing, and Like It
Politics on HuffingtonPost.com —
... As a business person, Warren Buffet quite rightly wanted something for his money when he bought up failed banks that couldn't get help anywhere else. In fact, he wanted a lot. He expected to have the ability to make sure the same crooks executives weren't pulling down the same salaries for making the same mistakes, and that the business plan changed. It was pretty basic, a bedrock principle of capitalism, the ability to exercise control and enjoy the profits appropriate to one's share of ownership. ...
Related Content
More on the bad bank
krugman.blogs.nytimes.com 1/18/2009 — OK, I've been doing more homework on the "bad" or "aggregator" bank idea that seems to be gaining ground. And here's what I think: it's mainly based on a false analogy.
What people are thinking about, it's pretty clear, is the Resolution Trust ...
Bad/bad
corner.nationalreview.com 3/7/2009 — With Clinton we got high taxes (bad) but balanced budgets imposed by the spending caps in Congress (good). With Bush we got tax cuts (good) but deficits (bad). With Obama we get tax hikes (bad) and astronomical deficits (bad).
Two notes: We are not ...
It's BAD All Over Again
oakcreekforum.blogspot.com 1/31/2009 — This last year went quickly in respect to this anniversary. Back then it was all new and what in the hell is this BAD all about as it seemed confusing. It was that day the real blogging started with me. There are two bloggers I will forever be ...
I Be B.A.D.
simplyleftbehind.blogspot.com 1/31/2009 — It's that time again! Blogroll Amnesty Day or B.A.D. The day when Blogtopia (and yes, Skippy coined that word!) recognizes those who need a leg up and some exposure. So I'm going to link to five smaller blogs than this insignificant shitty little ...
How Bad Can It Get for McCain?
observer.com 10/17/2008 — No one on John McCain’s team will ever admit this (before the election, at least), but his campaign is rapidly curling up into the political fetal position.
Two weeks ago, they stopped seriously contesting Michigan, once a promising and ...
It’s Not the Assets That Make The Bad Bank Bad
yglesias.thinkprogress.org 3/11/2009 —
The Wall Street Journal offers us the latest thinking on Citi:
Regulators say the planning should be seen as a normal function of government during a financial crisis. One possible future step could involve creating a “bad bank” to ...
Bad bank bafflement
krugman.blogs.nytimes.com 1/18/2009 — The idea of setting up a "bad bank" or "aggregator bank" to take over the financial system's troubled assets seems to be gaining steam. So let me go on record as saying that I don't understand the proposal.
It comes back to the original questions ...
Here's a Bad Idea...
reason.com 11/26/2008 — …electing public defenders. Imagine the perverse, overly law-and-order sentiment that pervades the elections of judges and prosecutors now applied to the selection of who will represent the indigent accused. Witness Matt Shirk , a ...
A Really Bad Bank: Welfare as We Know It Now
tpmcafe.talkingpointsmemo.com 1/28/2009 — According to press accounts the Obama administration has decided to create a "bad bank" which would buy up much of the bad debt held by the banks. This is almost certainly a really bad idea, unless of course you happen to run a major bank or own lots ...
The right way to create a good bank and a bad bank
woodwardhall.wordpress.com 2/23/2009 — Policymakers continue to struggle to figure out how to turn a troubled bank into a good bank and a bad bank. Under the good-bank/bad-bank policy, the good bank will operate free from concerns about troubled assets, because these assets will be held ...