Commentaries

Cleaning up the mess that remains

September 14, 2009

At least the Obama administration isn’t saying “Mission Accomplished.”

Securitization survives the fall

September 11, 2009

A year after the government’s seizure of Fannie Mae, Freddie Mac and AIG , not to mention the bankruptcy of Lehman Brothers that sent the global financial system into a tailspin, very little has changed to prevent debt from being sliced and diced, again and again.

The capital games that banks play

September 3, 2009

Treasury Secretary Timothy Geithner’s call for the global banks to set aside bigger capital cushions to better absorb losses on souring securities and ailing loans is a good idea. But that alone won’t be enough to prevent another crisis.

Defoliating JC Flowers

September 2, 2009

William Cohan has a great takedown of J. Christopher Flowers and his struggling private equity firm in Fortune.

Time to get tough with AIG

August 28, 2009

It’s time for someone in the Obama administration to read the riot act to Robert Benmosche, American International Group’s new $7 million chief executive.

AIG lunacy

August 27, 2009

American International Group is a $50 stock. Yeah. Sure. But that’s what the market says it is today so it must be.

The big Fed news

August 25, 2009

A federal judge’s ruling that the mighty Federal Reserve must release information about some $2 trillion in “emergency” loans made during the financial crisis is a big blow to the central bank’s self-styled image as an impenetrable shrine.

Don’t be fooled by global stock stumble

August 17, 2009

Don’t blame global stock markets for being skittish. It is August, after all, a month that has spelled trouble in the past two years.

Go away Hank

August 6, 2009

The Securities and Exchange Commission’s settlement with Hank Greenberg over allegations that he permitted the use of accounting tricks to manipulate earnings at American International Group comes way too late.

Who pays on Goldman’s CIT hedges

July 14, 2009

Goldman Sachs keeps saying it has no exposure is CIT Group were to go bust, even though it has a $3 billion line of credit to the ailing mid-market lender.