By Larry Doyle on May 6, 2009 in Bailouts, Bank Stress Test, Economy, Sense on Cents (Larry Doyle blog) | 22 Comments
Equity markets have rallied back to unchanged on the year. Libor is back to 1%. Housing is showing signs of life. Other economic indicators are declining at a less rapid rate. Fed chair Bernanke provides a cautiously optimistic tone in his testimony today. So why am I as concerned as ever?
Perhaps I do not fully [...]
By Larry Doyle on Apr 21, 2009 in Bailouts, Bank Stress Test, Banking Institutions, Economy, TARP, Wall Street | 12 Comments
Last evening on NQR’s Sense on Cents with LD, I proposed that the Obama administration would not release individual results of the Bank Stress Tests. I further added that I thought the administration may encourage stronger banking institutions to channel funds to weaker institutions. In so doing, these stronger banks - such as JP Morgan [...]
By Larry Doyle on Apr 19, 2009 in Bank Stress Test, Economy | 16 Comments
For those involved in assessing the solvency of our domestic banking system, the prospects of releasing the results of the Bank Stress Tests are frightening. How do Secretary Geithner, Fed chair Bernanke, regulators, and President Obama himself maintain credibility with the markets while simultaneously growing confidence in the public?
As Bloomberg reports, Bank Regulators Clash [...]
By Larry Doyle on Apr 11, 2009 in Bank Stress Test, Banking Institutions, Current Affairs, Economy, Sense on Cents (Larry Doyle blog), U.S. Treasury | 15 Comments
The movie Goodfellas provides a wealth of material for comparative analysis of the markets. The “insider activity,” the “fooling around,” “the payoffs,” and “the gambling” all make for great drama on the screen. Truth be told, one does not have to look all that hard to find striking similarities to certain activities in the world [...]