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 agreehttp://www.bankers-anonymous.com/wp-admin/admin.php?page=wpcf7 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