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TARP Warrant Sale Shows Banks May Reap ‘Ruthless Bargain’

Submitted by cahn on 22 May, 2009 - 11:35pm

http://www.bloomberg.com/apps/news?pid=20601109&sid=aOQPmbrh1ZrA&refer=home

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Buy American. I Am.

Submitted by cahn on 18 October, 2008 - 12:23am

THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.

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What did I say then?

Japan's top four banks decline government aid | SCMP

Submitted by cahn on 27 October, 2008 - 1:13pm

Officials from Japan's top four banks yesterday told parliament they did not need government help to restore their financial health but their words fell on deaf ears as nervous investors sold off selected bank shares.

The heads of the big banks lined up at a meeting of a parliamentary finance committee to explain the action they were taking to restore their balance sheets and defend their independence.

The president of the second-largest bank, Sumitomo Mitsui, Yoshifumi Nishikawa, said it should not be up to public agencies to determine which borrowers were viable or not, a role they could have under the reforms. more

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