Commentaries

No fix for the derivatives monster

June 17, 2009

It’s still not clear if the Obama administration has a plan for dealing with the derivatives monster, which is one of the biggest problems regulators must confront in dealing with the potential collpase of a “too big to fail” financial institution.

Kanas is the main man

June 10, 2009

It was never a secret that former North Fork CEO John Kanas was the prime mover behind a group of private equity firms that recently acquired the assets and banking operations of Florida-based BankUnited, a failed lender that the regulators had to takeover. But bid documents submitted by the investor group reveal just how central Kanas was to putting the team of private equity buyers together.

FDIC saves the media

June 8, 2009

This is a tough time to be in the news business. It’s certainly a lot tougher running a newspaper than a bank–at least the federal government is bailing out some of the really big ones.

Failing upwards at BofA

June 5, 2009

goldsteinThe ouster of Bank of America’s chief risk officer, Amy Woods Brinkley, should not cause anyone to shed any tears.