Another massive crack in the city’s fiscal foundation has opened, and everyone is pretending not to notice. Bank of America is in trouble, big trouble — and Charlotte along with…
We’ve said for some time that Brian Moynihan is in a box. Revenue is tight, expenses still high — which is why BAC keeps shedding jobs — and the stock…
Chris Whalen is back asking impolite questions of the nation’s financial sector, particularly the notion that the Treasury Department is free to pump a hollowed out AIG to the public:…
On the occasion of an “investigation” into what federal banking regulators did to whom in the fall of 2008, let’s excise the notion that the meltdown was some sort of…
Fascinating story from Bloomberg on the bottom-line cost — and benefits — of being too-big-too-fail. Bank of America — along with Citigroup, JP Morgan, and Goldman Sachs — had exactly…
Pay close attention to the suit the SEC filed against Goldman Sachs. It will likely define what banks can and cannot do for years to come. If so, the litigation…
The financial sector is not a happy place, the TARP repayments just another form of propaganda.
Before Charlotte gets too far down the path of falling in love with GMAC — nevermind that our brilliant state and local “leaders” have already handed sacks of cash to…
Latest invaluable analysis and commentary from Chris Whalen and Institutional Risk Analytics, the outfit that has been spot-on during the financial meltdown and before. Whalen tries to explain how and…
Chris Whalen and his IRA interviews are absolutely riveting on the current crisis. The latest posits that: 1) There are no economies of scale in banking 2) Only local and…
Very interesting observations on the financial sector from Institutional Risk Analytics. Chris Whalen and IRA have consistently be ahead of the curve on where the credit markets are headed. Now…
Ahem. Don’t look know but it looks like the subprime infection is a little deeper at Wachovia and Bank of America than previously known. Still too early to panic, but…