bad bank

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Latest blogosphere posts tagged “bad bank”

  • APEC MEETING IN SINGAPORE: LIVE BLOG


    Global News BlogAuthority Authority: 472
    Leaders of the 21-member Asia Pacific Economic Cooperation forum gather in Singapore this weekend for their annual summit, which this year will focus on ways of sustaining a fragile economic recovery. Reuters correspondents will be blogging live from the event, and will post stories and comments from other sources as ...
    3 days ago
  • Enforce the Sherman Anti-trust Act and Regulate the Shadow Banks


    The ConfluenceAuthority Authority: 625
    I’ve said this before, but it bears repeating.  Monopoly power and rent-seeking behavior are anathema to market systems. Politics should stay out of economic decisions and government should provide the framework that makes the market honest, transparent, and open to all interests.  Republican and Democratic pols ...
    4 days ago
  • Uncle Sam Plays “Extend and Pretend”


    The Daily ReckoningAuthority Authority: 627
    “Extend and pretend” will go down as one of the famous financial phrases of 2009. It has permeated the commercial real estate business… instead of realizing the loss on a bad loan, bankers are “extending” the terms and “pretending” the borrower will be able to pay in another week, month or year. In more ...
    1 week ago
  • On the other hand … or is it Hoof?


    The ConfluenceAuthority Authority: 625
    In what is undoubtedly good news, the US Bureau of Economic Analysis (Dept. of Commerce) has announced that  REAL GDP grew by approximately 3.5% in the third quarter of 2009.  That is up from the second quarter growth of .7%.  It appears that the economy may be rebounding from the so-called “Great ...
    2 weeks ago
  • UK taxpayer will not recover Northern Rock investment for a decade


    Family: News and advice on family matters children and parentsAuthority Authority: 975
    Nationalised lenders chief executive Gary Hoffman admits £27bn taxpayer payback will be later rather than sooner.
    2 weeks ago
  • European Commission clears Northern Rock break up


    Family: News and advice on family matters children and parentsAuthority Authority: 975
    European Commission approves plan to split nationalised lender into a "good" and a "bad" bank opens way for taxpayers to recoup part of a £15bn loaned to bail out the bank.
    2 weeks ago
  • Banking is supposed to Boring


    The ConfluenceAuthority Authority: 625
    There really isn’t much to being a banker.  It’s boring and not too difficult.  Basically, you take in deposits and safekeep them for a saver.  You keep a portion to cover any possible withdrawals.  The rest you lend out to some one at a reasonable rate of interest.   That rate needs to cover the rate you pay ...
    3 weeks ago

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