blogs.ft.com - 2/22/2009
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My ‘Good Bank’ proposal (see (1), (2), (3), and (4), and related proposals by Joseph Stiglitz, George Soros and Paul Romer) appears to be getting some attention if not yet traction in a number of European capitals and in Washington. There are a couple of questions about the ...
bankofobama.org - 2/25/2009
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bankofobama.org —
Bail Out Your Friends Today! Bad mortgage, student
loan, credit card debt, Vegas trip...you know someone who...
needs a personal bailout for it. Bank of Obama believes everyone should get their share of the stimulus package. We provide a novel way to ...
(more)
Bank of Obama - Home
woodwardhall.wordpress.com - 2/23/2009
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woodwardhall.wordpress.com —
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 ...
(more)
The right way to create a good bank and a bad bank
fdic.gov - 2/21/2009
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fdic.gov —
On Friday, February 20, 2009, Silver Falls Bank,
Silverton, OR was closed by the the Oregon Department...
of Consumer and Business Services and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public ...
(more)
Failed Bank Information - Bank Closing Information for ...
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Start from scratch (almost)
Newshoggers.com —
... Commentary By Ron Beasley
Willem Buiter says rather than try to save the existing banks it would be cheaper just to start new ones from scratch.
Rather than wasting the $1.4 trillion of public funds it would take to restore (according to NYU economist Nouriel Roubini's estimate) the capitalization of the U.S. banking sector to its fall 2008 level, it would be better to use public money to capitalize new banks that don't suffer from an overhang of past bad investments and loans -- and to guarantee new ...
Morning Skim: Bailout Equality; Links for Econ Geeks; an Oscar Invite
Opinionator —
... its preferred shares in Citigroup to common stock as a way to boost the bank’s equity: This would be the third — third— government move to save Citigroup in the past six months. Once again, it seems a weak half-measure. The goverment needs to just step up and solve this problem once and for all: By seizing 100% control of Citi, writing down its assets, restructuring it, and selling it off. Bonus banking links, for econ geeks only : Two posts on how to set up a “good bank,” the first from Willem Buiter at the Financial Times, who’s been pushing the good bank ...
Related Content
Robert L. Borosage: Bank On It No More
huffingtonpost.com 2/4/2009 —
What will the Obama administration do with the banks that are now on life support?
Pump in more taxpayers' money to keep the zombies alive? Radical surgery? Pull the plug? The decision - with new announcements rumored for next week - is critical ...
Bank Failure #16 in 2009: Security Savings Bank, Henderson, Nevada
calculatedriskblog.com 2/28/2009 — From the FDIC: Bank of Nevada, Las Vegas, Nevada Assumes All of the Deposits of Security Savings Bank, Henderson, Nevada Security Savings Bank, Henderson, Nevada was closed today by the Nevada Financial Institutions Division, which appointed the Federal Deposit Insurance Corporation (FDIC) as ...
Report: RBS to Split into Good Bank / Bad Bank
calculatedriskblog.com 2/23/2009 — From The Times: Radical revamp splits RBS in two The Royal Bank of Scotland (RBS) is to be split into a “good bank” and “bad bank” in a dramatic rescue restructuring in which assets worth several hundred billion pounds will be put up for sale. ...
Bank Failure #9 in 2009: County Bank, Merced, California
calculatedriskblog.com 2/7/2009 — From the FDIC: Westamerica Bank, San Rafael, California, Acquires All the Deposits of County Bank, Merced, California County Bank, Merced, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as ...
Bank Failure #14 in 2009: Silver Falls Bank, Silverton, Oregon
calculatedriskblog.com 2/21/2009 — From the FDIC : Citizens Bank, Corvallis, Oregon, Assumes All of the Deposits of Silver Falls Bank, Silverton, Oregon Silver Falls Bank, Silverton, Oregon, was closed today by the Oregon Department of Consumer and Business Services, which appointed ...
Geithner Says Bank-Rescue Plans May Reach $2 Trillion (Update2)
bloomberg.com 2/10/2009 — Feb. 10 (Bloomberg) -- Treasury Secretary Timothy Geithner pledged government financing for as much as $2 trillion of efforts to spur new lending and address banks’ toxic assets, seeking to end the credit crunch hobbling the economy. “Instead of ...
Geithner Says Bank-Rescue Plans May Reach $2 Trillion (Update3)
bloomberg.com 2/11/2009 — Feb. 10 (Bloomberg) -- Treasury Secretary Timothy Geithner pledged government financing for as much as $2 trillion of efforts to spur new lending and address banks’ toxic assets, seeking to end the credit crunch hobbling the economy. “Instead of ...
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 ...
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