Pat C

The Lords of Finance: No Noblesse Oblige

I sincerely hope that the internet and thoughtful blogs and commentaries such as SA, Baseline Scenario and others will finally eliminate the elitist excesses of the past. I personally drive my Senators and Congressman crazy with emails and letters. If we have gained anything from this financial crises it should be that passive citizenry is a recipe for disaster. Democracy requires engagement by all.

Time for the U.S. Economy to Reindustrialize

Great article and comments. Please keep it up and spread the word.

A Sit Down with Treasury Officials (Part I)

Great job, keep it up. Mainstream media just doesn't get it or doesn't take the time to get it. The administration needs to hear it from informed bloggers. Looking forward to Part II.

Big Banks: The Consensus Is Cracking

I like Mr. Mervyn's statement that the too big to fails' need to "write their own will". This should be done quickly (actually it should have been done already) or we should do it for them.

Debunking the 'Too Big to Fail' Myth Once and for All

Great article, user comment "a single vast, voracious, malignant entity", I love it.

Why We Were Right Not To Nationalize the Banks

I still firmly believe that breaking-up the big banks and re-implementing Glass-Stegall is essential. I know that this is going to require them to do a realistic evaluation of their loan portfolio's and investments. This should be done immediately with a goal of maximizing shareholder and bondholder interests. The government may end up with a few of the smaller pieces but such is life.

Where Bank Regulation Is Headed

Too big to fail banks need to be split up and Glass-Stegall reestablished - period. We need to humbly accept that Americans before us did know what they were doing and all though the game is a bit quicker and sophisticated now, the basics are still the same.

U.S. Judiciary Emerging as Investors' New Best Friend

It's a downright shame that the judiciary is having to deal with what should have never been allowed to take place in the first place. I'm beginning to sound like a broken record, vote NO INCUMBENT for Congress if we want to fix this.

One Year Since the Banking System Collapsed. Has Anything Really Changed?

Couldn't agree more. If the whole thing doesn't blow up before next November we must not vote for ANY incumbent. It is the quickest way I can think of to get everyone's attention.

The New Bull Market Fallacy

I printed this and then read it completely (twice). I suggest other SA readers curious about High Frequency Trading do the same. Very well written (and very dangerous). Thanks

Fitch Report: Financial Companies Hold 99.7% of All Derivative Contracts

Angry Banker, come out of the closet let us know who you are.

Credit Markets Take a Beating

Isn't there additional bank disclosures now required by FASB for derivatives for 4th quarter and end of year?

Wall Street, R.I.P. Now What?

The American Taxpayers should not buying any responsibility for the "mortgage related" Credit Default Swaps or any other derivative that can be loosely called "mortgage related". I sure hope Congress is smart enough to limit the scary totally open ended "Plan" delivered by Paulson. If not, we are really in deep trouble.