banking crisis

Writing The New Book On Credit Channel Depression

By |2019-03-26T17:19:58-04:00March 26th, 2019|Markets|

On June 15, 2007, not even two months before worldwide panic would break out, Federal Reserve Chairman Ben Bernanke was in Atlanta, Georgia, speaking at a monetary policy conference. Sponsored by the Atlanta branch of his organization, as fate would have it Bernanke’s chosen topic was the credit channel for monetary policy. This is something [...]

Nothing New Here…Move Along

By |2009-02-23T11:26:04-05:00February 23rd, 2009|Markets|

The stock market is now back near its November lows and the pessimism is as thick as a copy of Keynes General Theory. The “stimulus” package has been deemed either insufficient or overkill depending on your political persuastion, but certainly not stimulating. The joy over the selection of Timothy Geithner as Treasury Secretary has faded [...]

Nothing New Here….Move Along

By |2009-02-23T02:15:53-05:00February 23rd, 2009|Economy|

The stock market is now back near its November lows and the pessimism is as thick as a copy of Keynes General Theory. The “stimulus” package has been deemed either insufficient or overkill depending on your political persuastion, but certainly not stimulating. The joy over the selection of Timothy Geithner as Treasury Secretary has faded [...]

Treasury May Take Stake in Banks

By |2008-10-09T03:50:52-04:00October 9th, 2008|Economy|

According to this NYT article, the Treasury is considering making capital investments in banks using the authority granted in the TARP: WASHINGTON — Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according [...]

Banks Need Capital

By |2008-09-23T18:59:23-04:00September 23rd, 2008|Economy|

Jeffrey Frankel (and many others) argues that the Paulson plan is not the right remedy. Rather than buy up bad loans, we should inject capital into the institutions that need it - and get equity for our trouble (via Vox): Examples are not tied to economists from a particular political viewpoint or party. He mentions [...]

Banking Crisis?

By |2008-09-12T18:05:29-04:00September 12th, 2008|Economy|

Also from Carpe Diem:  So far this year, 11 U.S. banks have failed (FDIC data here), out of 8,451 FDIC-insured banks, matching the 11 bank failures in 2002. The last time more than 11 banks failed was 1994, when 15 banks failed on the tail end of the S&L crisis (see chart above). In total, [...]

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