The Great Debate

from Rolfe Winkler:

Ending the off-balance sheet charade

September 17, 2009

Investors have more than one reason to celebrate two new accounting rules. Besides forcing banks to fess up to the risks they are carrying on their books, new standards for off-balance sheet assets will make it harder for companies to inflate earnings artificially.

from Rolfe Winkler:

Break up the big banks

September 15, 2009

President Barack Obama pledged on Monday "to put an end to the idea that some firms are 'too big to fail.'"  Though he outlined some worthy prescriptions, he failed to face up to the very size and power of the financial institutions that makes "too big to fail" possible.

from Commentaries:

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.

China’s banks, running hard to stand still

August 14, 2009

wei-gu.jpg— Wei Gu is a Reuters columnist. The opinions expressed are her own —

Chinese banks are like enthusiastic runners on an accelerating treadmill. The weakening economy means poor lending decisions are threatening to catch up with them, but the banks are sprinting ahead by expanding their loan books ever faster. They cannot keep this up for ever.

from Commentaries:

Geithner of Oz

August 13, 2009

Earlier today I wrote that Sheila Bair is one of the few financial regulators who gets it. And by getting it, I mean not sucking up to the banks and the big money interests on Wall Street. You know, the guys (and most of them are guys), who got us into this financial mess. Tim Geithner, on the other hand, is a regulator who just doesn't get it.

How the bailout feeds bloated banker pay

August 13, 2009

jamessaft1— James Saft is a Reuters columnist. The opinions expressed are his own —

Rising pay in the finance sector in the wake of the global financial crisis is no surprise and is driven partly by the government’s bailout itself and the underwriting of banks that are too big to fail.

from The Great Debate UK:

Banks get mixed reviews from institutional shareholders

July 14, 2009

Brendan Woods- Brendan Wood is Chairman of Brendan Wood International, a global intelligence advisory firm. Recently, BWI published the World’s TopGun CEOs as ranked by 2500 institutional investors, which provides insight into the executives in whom shareholders feel the greatest confidence. The opinions expressed are his own. -

from The Great Debate UK:

Germany’s bad bank fudge

April 23, 2009

REUTERSpaul-taylor-- Margaret Doyle and Paul Taylor are Reuters columnists. The opinions expressed are their own --

Goldman’s TARP out: give up ALL state aid

April 22, 2009

goldman-crop — Jonathan Ford is a Reuters columnist. The views expressed are his own —

Goldman Sachs wants to do its duty by the American people and give them their TARP money back. Some spoilsports have urged the government simply to say no because allowing the investment bank to repay the cash would make other banks look bad.

Geithner’s naked subsidy redefines toxic

By J Saft
March 25, 2009

jimsaftcolumn31— James Saft is a Reuters columnist. The opinions expressed are his own

Treasury Secretary Geithner is all but admitting that U.S. banks are suffering not from market failure but self-inflicted collateral damage.