Commentaries

from Rolfe Winkler:

FDIC lowers capital rule, but there’s a twist

August 26, 2009

FDIC concluded its quarterly board meeting earlier this afternoon and the big news is it approved lower capital requirements for private equity shops looking to buy failed banks.*

from Rolfe Winkler:

Bank Failure Friday + DIF details

August 21, 2009

Another big one bites the dust.  Guaranty is the 81st failure of the year.  Plus two more in Georgia.

FDIC bank debt program to end with a whimper

August 20, 2009

The Federal Deposit Insurance Corp’s debt guarantee program in many ways saved the banking system from collapse during last year’s worst of times. Banks were effectively shut out of the credit markets after Lehman Brothers scared bond investors silly. More than $270 billion of guaranteed debt has been sold since the FDIC adopted the program in October.

from Rolfe Winkler:

Talking Colonial

August 14, 2009

from Rolfe Winkler:

Bank Failure Friday, Talking Colonial & DIF update

August 14, 2009

Five bank failures tonight, bringing the total for the year to 77.  See below for a video clip and for details about the Deposit Insurance Fund's resources.

from Rolfe Winkler:

Colonial, gone … Did FDIC tip its hand?

August 14, 2009

FDIC will seize Colonial and sell its assets to BB&T.  This is the largest bank failure since WaMu last fall.  Reuters:

Fun commercial real estate figures and charts

August 13, 2009

I just came across this research from the Cleveland Fed that has some scary numbers and charts on commercial real estate. They underscore why the Fed and the FDIC are so worried, particularly about construction and development loans, which are seeing the most stress.

Bair, a regulator for the people

August 13, 2009

 In Sheila we trust.

Maybe that should be the new mantra for U.S. taxpayers — especially ones who don’t feel the nation’s bankers have shown sufficient gratitude for being bailed out and saved from their own incompetence and greed.

from Rolfe Winkler:

Sheila Bair not cowed by Geithner tantrum, criticizes Obama

August 4, 2009

Last week Tim Geithner dropped multiple F-bombs in a meeting with regulators unenthusiastic about his plan to concentrate oversight of the financial system at the Fed.  Sheila Bair was one of his targets, but today she held her ground.  In testimony before the Senate Banking Committee this morning, she had this to say about concentrating regulatory power at the Fed:

Goldman needs to lose Gekko image

August 4, 2009

So, Goldman Sachs has a “Gordon Gekko feel to it” according to an executive at Brand Asset Consulting. In a survey of leading U.S. brands, the market research firm has reached the conclusion that the investment bank’s stature has been diminished in the eyes of the public by recent events.