Commentaries

from Rolfe Winkler:

Lunchtime Links 2-1

February 1, 2010

President's budget (gpoaccess.gov)

Barney Frank: The poor should rent, not own (Indiviglio, Atlantic)

Citigroup said to plan sale of private equity unit (Keoun/Keehner, Bloomberg) Citi cites raising cash to pay down debt as the reason to sell this unit. Of course this would also get Pandit some brownie points with Paul Volcker, who wants commercial banks out of private equity, hedge funds and proprietary trading...

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:

Frank changes mind, now favors pre-funding

October 30, 2009

From Alison Vekshin:

Barney Frank, chairman of the U.S. House Financial Services Committee, reversed course and will support requiring financial firms to prepay into a fund the government will use to unwind large firms after they fail.

Frank shines some light on G.E.

July 30, 2009

The price of reduced political risk? For General Electric, it’s worth some $6 billion of added market value this morning.