Category Archives: Bank Reform

Bank Regulations – Why the Current Approach Will Fail

Introduction The 2008 banking collapse, leading to the most severe recession since 1929, prompted a wide-ranging set of efforts to insure it did not happen again. These actions have included requiring banks to hold larger cash balances and more precise … Continue reading

Posted in Bank Reform, Featured Articles, Global Economics | Comments Off on Bank Regulations – Why the Current Approach Will Fail

The Criminal Acts of Large Banks Are Substantial Fines/Penalties Enough?

Introduction In 1999, Sandy Weill, supported by a coterie of other bankers and lobbyists, got the US Congress to repeal Glass-Steagall. That Act had kept depository institutions safe since the ‘30s. With restrictions removed, US banks purchased packaged and traded … Continue reading

Posted in Bank Reform, Economics, Global Finance | Comments Off on The Criminal Acts of Large Banks Are Substantial Fines/Penalties Enough?

What Is the Most Dangerous Global Institution? And Banks to Avoid (Revisited)

Introduction In my last article, I argued that the Middle East, India, and the Eurozone were the most dangerous regions in the world. In this piece, I argue that the Bank for International Settlements is the most dangerous institution in … Continue reading

Posted in Bank Reform, Economics, Featured Articles | Comments Off on What Is the Most Dangerous Global Institution? And Banks to Avoid (Revisited)

Banks, Securitization & Incentives: Are We Protected From Another Collapse?

Introduction The bank crisis was serious – $52 trillion in capital losses leading to the largest global recession since 1929. We should work hard to insure it does not happen again. But there is a problem: there is little agreement … Continue reading

Posted in Bank Reform, Economics, Featured Articles | Comments Off on Banks, Securitization & Incentives: Are We Protected From Another Collapse?

TARP Revisited: Banks “Too Large to Fail”- A Red Herring

Introduction Remember the Troubled Asset Relief Program (TARP)? Initiated in 2008 to bail out the US financial system, it is still around. In this, my fifth review of the program, I note that most of the money lent out has … Continue reading

Posted in Bank Reform, Economics, Global Finance | Comments Off on TARP Revisited: Banks “Too Large to Fail”- A Red Herring

OUTRAGE

Every few months, I will devote a posting to items that outrage me. For this posting, I have four: the AIG-Goldman-Paulson connection, bank regulatory reform, TARP, and the Asness letter. AIG-Goldman-Paulson Since last September, the federal government has committed more … Continue reading

Posted in Bank Reform, Economics, Global Economics | Comments Off on OUTRAGE

Regulatory Reform of The Financial Industry – A Proposal

We are hearing reports that banks are making profits again: a couple of weeks ago, it was Citigroup, JP Morgan, and Wells Fargo, and this week it is Bank of America. What does it mean? Are these signs things are … Continue reading

Posted in Bank Reform, Economics, Global Economics | Comments Off on Regulatory Reform of The Financial Industry – A Proposal