Commentaries

from Rolfe Winkler:

Buffett: Shareholder activist

January 5, 2010

Shareholder activism is a tactic typical of Carl Icahn, not the Oracle of Omaha. Yet Warren Buffett has issued a press release asking other Kraft shareholders to reject Kraft's proposal to use up to 370 million shares of stock to buy Cadbury.

from Rolfe Winkler:

Afternoon Links 1-4

January 4, 2010

Living on nothing but food stamps (Deparle/Gebeloff, NYT) The safety net of last resort: 2% of U.S. households report zero income other than a food stamp card.

from Rolfe Winkler:

TARP deadbeats, update

January 4, 2010

Last month Treasury released the latest data on banks that missed their payment obligations under TARP. The number increased to 56 in November from 33 in August. Here's a chart summarizing the problem:

from Rolfe Winkler:

The Swiss banking whistleblower

January 4, 2010

This feels like a report that deserves a full hour. Who are some of the tax cheats that have been uncovered? Who are the UBS executives that knew about and condoned the illegal behavior? Interesting nonetheless.

from Rolfe Winkler:

BlogArt: Maxing out deposit insurance

January 2, 2010

Two weeks without any bank failures so I thought folks might be interested in some deposit insurance trivia.

from Rolfe Winkler:

Unemployed Japanese living in 30sqft “capsules”

January 2, 2010

Sad/fascinating piece from Hiroko Tabuchi in NYT: For some in Japan, Home is a tiny plastic bunk

from Rolfe Winkler:

Lunchtime Links 12-31

December 31, 2009

Bankers get $4 trillion gift from Barney Frank (Reilly, Bloomberg) David pours over HR 4173, all 1,279 pages of it. He finds some interesting nuggets. One of the bigger problems I see is the proposed insurance fund that would pay for resolving systemically dangerous banks. Talk about moral hazard!

from Rolfe Winkler:

2010: Walking away will gain cachet

December 31, 2009

Why bother? That’s the question more underwater Americans are asking themselves about their mortgage.

from Rolfe Winkler:

Move your money

December 30, 2009

Arianna Huffington and Rob Johnson are organizing a big bank boycott. They want depositors to take their money out of Too-Big-To-Fail banks and put them in smaller, high quality banks.

from Rolfe Winkler:

More ammo for the bazooka

December 30, 2009

Treasury has reloaded its bazooka and stands ready to shock and awe the housing market.