More from Doug Terry:
It struck me this weekend that a new, under–the-surface debate may be brewing. I sense Wall Street, once the puppet-master of the government intervention to save the banking system may find itself with diminished influence.
Let’s go back 5 months: AIG, Fannie Mae and Freddie Mac were deemed “too big to fail.” We [...]
The Economist has an article which looks at the equity of the big US banks (again, HT to Doug Terry who is on a roll):
Judged by tier-one capital, a common measure of adequacy, America’s ten biggest banks by assets appear in reasonable shape. Typically, their ratios of tier-one capital to risk-weighted assets exceed 10% (see chart). [...]
Peter DeFazio (D-OR) has introduced a bill to tax securities transactions to pay for TARP (HT: Doug Terry):
Congress finds the following:
(1) The Bush Administration allocated the first $350 billion of TARP funds in a manner that has outraged the Nation by failing to provide the most basic oversight of the funds.
(2) Congress has declined to [...]
