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calculatedriskblog.com - 2/23/2009
Report: RBS to Split into Good Bank / Bad Bank
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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. Stephen Hester, RBS chief executive, will outline ...
bankofobama.org - 2/25/2009
Bank of Obama - Home
— 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

Comments vote down Theo Spark found this 2/25/2009found this
The right way to create a good bank and a bad bank
woodwardhall.wordpress.com - 2/23/2009
The right way to create a good bank and a bad bank
— 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
Comments vote down J. Bradford DeLong's Grasping Reality with All Eight ... found this 2/23/2009found this
fdic.gov - 2/21/2009
Failed Bank Information - Bank Closing Information for Silver Falls Bank, Silverton, OR
— 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 ...
Comments vote down HorsesAss.Org found this 2/21/2009found this

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Firedoglake:  Haircuts, Handouts, and Hedged Bets: The Real Questions about the Banks

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Haircuts, Handouts, and Hedged Bets: The Real Questions about the Banks
Firedoglake — ... Thus, nationalization is no better, and no worse, that the people doing it. If the people who tried to subsidize first do it, you can bet that nationalization is merely a place holder to turn the banks back over to the same people who ran them. For example, the most likely option is to nationalize the losses. This is like the old story of the fox and the mole: they planted onions, the fox asked the mole "Do you want everything above the ground, or below it?" The mole chose above. The next time they planted lettuce, and the fox asked the same thing. The mole, not ...

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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 ...
How to set up a new ‘good bank’
blogs.ft.com 2/22/2009 — 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.  ...
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 ...
"Bad Bank"? A Bad Idea
zacks.com 2/2/2009 — 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 ...
Bank Bailout and Rescue: Bad Bank 2.0 Now in Treasury Plan - Financials * US * News * Story
cnbc.com 2/9/2009 — The Obama Administration's new bank bailout plan is expected to include a new form of "bad bank" that would essentially combine public and private resources to take bad assets from banks' books, sources told CNBC. In addition, funding for the ...
Dear Bank of America
culturekitchen.com 1/28/2009 — Dear Bank of America, I am a customer. That's right. I have a couple of Bank of America credit cards. My wife and I are also looking for a bank for some accounts. But you know, your ingratitude leads me to refuse to bank with you and to consider ...
Failed Bank Information - Bank Closing Information for Freedom Bank of Georgia, Commerce, GA
fdic.gov 3/6/2009 — On March 6, 2009, Freedom Bank of Georgia, Commerce, GA was closed by the Georgia Department of Banking and Finance and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial ...
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 ...
RBS record losses raise prospect of 95% state ownership
guardian.co.uk 2/26/2009 — • Bank makes loss of
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 ...
White House says supports private banking system — Reuters: Politics 2/20/2009
WASHINGTON (Reuters) - The White House said on Friday it strongly believed in a privately held bank system, after rumors that the U.S. government could nationalize banks saw shares in Bank of America and Citigroup plummet.
White House says supports private banking system — Reuters: Politics 2/21/2009
WASHINGTON (Reuters) - The White House said on Friday it strongly believed in a privately held bank system, after rumors that the U.S. government could nationalize banks caused shares in Bank of America and Citigroup plummet.
Swiss Bank Miss — WSJ.com: Politics And Policy 2/25/2009
Look who's bullying America's friends in Old Europe now.
Report: Investors gamble on clean tech (AP) — Yahoo! News: Politics News 2/25/2009
AP - Investors are gambling on green energy, pouring $4.1 billion into fledgling clean technology companies last year, an accounting firm concludes. But 2009 could produce a "crippling retrenchment" without government help.
Remaking America, several big dreams at a time (AP) — Yahoo! News: Politics News 2/25/2009
AP - When times get tough, big ideas happen. "In a crisis," John F. Kennedy said, "be aware of the danger — but recognize the opportunity."