3 posts tagged with Economics by SeizeTheDay.
Displaying 1 through 3 of 3.
House Financial Services Committee Chairman Barney Frank gave a bank, whose capital ratio equaled only 1.88% of assets at the bank, versus a desired level of about 6%, TARP money after heavy lobbying. Frank inserted into the bill a provision to give special consideration to banks that had less than $1 billion of assets, had been well-capitalized as of June 30, served low- and moderate-income areas, and had taken a capital hit in the federal seizure of Fannie Mae and Freddie Mac. (WSJ link) [more inside]
Why Wall Street Always Blows It, and why we're always to blame, as told by banished securities analyst Henry Blodget.
A blow-by-blow analysis of Wachovia's demise, as told by the bank's local paper, The Charlotte Observer.