Government weighed down by bad mortgages

November 12, 2009

The Federal Housing Administration – the U.S. agency that actually enjoys full faith and credit of the government – is in quite a pickle. Reuters reporting that its capital reserves stand at a scant 0.53 percent, below the 2 percent regulatory minimum and without spitting distance of the “help me” threshold.

AIG has debts that no honest man can pay

September 24, 2009

Here’s more evidence that it would be better for the federal government to order the break-up of AIG sooner rather than later.

Citi still loves Beantown

September 24, 2009

It appears Citi may not be pulling out of cities like Boston and Houston after all.

Profiting from the bailout

September 23, 2009

What is it with this belief that somehow the federal government’s role should be to profit from the bank bailout?

Time to junk AIG

September 22, 2009

The federal government’s $180 billion effort to prop up American International Group has worked, averting an even bigger financial catastrophe. Now it’s time for the Obama administration to oversee the dismantling of the failed insurance giant with all due speed.

What did rating agencies know about AIG?

September 21, 2009

It’s time to start asking the big credit rating agencies just when they realized that American International Group might pose a systemic risk to the global financial system.

A death panel for Citi

September 15, 2009

It’s way too soon for the federal government to contemplate reducing its considerable equity stake in Citigroup.

Obama’s AIG timidity

September 15, 2009

I’ve been pretty amazed at how silent the Obama administration has been about Robert Benmosche’s antics since becoming the well-compensated CEO of American International Group–the defacto government owned insurer.

Lehman tales

September 13, 2009

Over the past two days, we’ve been treated to two long stories in The New York Times and The Wall Street Journal focusing on employees of Lehman Brothers, one year after the firm’s chaotic bankruptcy filing. Yawn.

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.