Posts Tagged ‘TARP’

They're BAAAAACK: The CIT Takeover of OneWest Bank

They’re BAAAAACK: The CIT Takeover of OneWest Bank

By The Banker | Blog Posts, Wall Street

Wow. I mean. Just, wow. You gotta love these guys. Two phrases came to mind when I read the headline today about CIT Group taking over OneWest Bank. First: “History does not repeat itself, but it certainly does rhyme.” And Second: “Madness consists of doing the same thing over and over again and expecting a [&hellip

Book Review: Bailout; An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street

Book Review: Bailout; An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street

By The Banker | Book Reviews

If every novel or Hollywood movie starts with either the premise of “A Man Walks Into a Town” or “A Man Goes On a Journey,” Bailout by Neil Barofsky begins with the former.  Neil Barofsky plays the leading Jimmy Stewart hero role in this modern update to Mr. Smith Goes To Washington. In late 2008, [&hellip

SIGTARP, Part IV – What Small Banks Are Going Under Next?

SIGTARP, Part IV – What Small Banks Are Going Under Next?

By The Banker | Blog Posts

Ok, so it’s no secret I’m pretty sweet on SIGTARP, the Norse God of Financial Accountability. There’s the pleasure of calling a fellow US Treasury colleague a liar. There’s the feistiness of a government official pointing out that through our failure to rein in TBTF banks, we’ve laid the groundwork for the next crisis There’s [&hellip

In Praise of SIGTARP, Norse God of Financial Accountability

In Praise of SIGTARP, Norse God of Financial Accountability

By The Banker | Blog Posts

“…But in 2012, the people became restless.  They mistrusted the 1% who lived far away in beautiful, unattainable, icy Jotunheim. And the people quarreled amongst themselves.  They could not agree with one another or keep the peace.  The people were the 99%, and they divided into warring ideological camps, visiting bloody internecine raids upon the [&hellip