Pat C

Why Reinstating Glass-Steagall Is a Fool's Errand

Very well written and good argument. Sorry, still disagree.

America Plays Shell Game with Bailout Money

OK Angry Banker & FreeMarket, your points are reasonable. However, CITI paying off TARP to allow for bonuses is completly UNREASONABLE. We should follow Europes lead and implement a 50% penalty tax for unreasonable banker bonuses. They are wards of the state completely dependent for their survival not hard working or productive innovators.

Citi's Expensive TARP Exit

It has become obvious that shareholders have very little say. Bank of America, Citi, et. al. have no business paying outsized bonuses. We should immediately follow UK & France's lead and initiate the 50% bonus tax. These banks should be strengthening their balance sheets not paying bonuses. If all banks stop paying the bonuses and we subject them to a penalty if they do, the argument of loosing good people is no longer relevant.

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.

America: A Bona Fide Plutonomy

Great article and commentary.

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.