Book Review: Unintended Consequences

Book Review: Unintended Consequences

By The Banker | Book Reviews

Would you like to understand where Mitt Romney’s economic ideas come from? As soon as Edward Conard hit the book-selling circuit with Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong, I started to get messages from my reliably liberal friends.  Conard made the cover of The New York Times Magazine, –

The Citigroup Bailout - SIGTARP Part III

The Citigroup Bailout – SIGTARP Part III

By The Banker | Blog Posts

We love to criticize the wastefulness of bureaucracy, the agency ass-covering, and the naiveté of government officials.  But it’s a surprising pleasure to read[1] The SIGTARP [2]  review of the government’s response to Citigroup’s near-death experience and its bailout in the Fall of 2008. Here we have a US Treasury position created for the purpose

In Praise of SIGTARP Part II – We blew it on the repayment of TARP funds by the largest financial institutions

In Praise of SIGTARP Part II – We blew it on the repayment of TARP funds by the largest financial institutions

By The Banker | Blog Posts

See related post In Praise of SIGTARP Part I here We are now at the four year mark on the deepest part of the Great Credit Crunch and Great Recession, so I’m moved to ask: When it comes to avoiding the next financial blowup and bailout we need to ask “Are our bank protections better

Guest Post: 9/11 Diary from the Banker's Wife

Guest Post: 9/11 Diary from the Banker’s Wife

By Banker's Wife | Blog Posts

This is a guest post written by Michael’s wife about her experience working as a doctor at Columbia Presbyterian Hospital on September 11, 2001.  They cleared the hospital and waited all day for injured victims to show up, but nobody did.  She wrote this about two weeks later. See Michael’s 9/11 diary here   At