bank failure

Now this is just disgusting

I've heard that there's been a similar fuss in the US about this sort of thing. Basically, banks that have failed or been supported by the UK government were still panning to pay bonuses to their...

Never Blame on Hyperoptimism what can be attributed to malfeisance

Dr. Black starts digging into the question why so many Georgia-based banks fail. The picture painted isn't pretty:The review also contains a photo of a planned 238 townhouse project that the bank...

Rumours of "Green Shoots" are Exaggerated: Illinois

After my previous posts on Georgia, it seems only fair to note the bank closings in Illinois today.There have been 13 bank closings posted (as of right now, about 6:50pm) in the state of Illinois...

Noted for the Record, Failed Bank edition

With today's (well, yesterday's) five closings, the total of failings of U.S. banks since March of last year to 69.Of those, slightly more than 20% (14) are from the state of Georgia. Excepting the...

"Banks Just Don’t Go Under"

Did target="_blank" href="http://www.ajc.com/business/content/business/stories/2009/05/17/georgia_banks_lawsuits.html"<no one in Georgia pay attention in the 1980s?It’s not just reputations that...

Someone whose list of Bad Banks Matches Mine--and Goes Further

Ken Houghton finds someone who is more pessimistic than I am.Via Bankimplode.com News, I see that Martin D. Weiss, Ph.D., has come up with a list of Large Banks Likely to Fail:Seven institutions —...

May Day MayDay

What do you mean "we're broke"?The first encouraging sign in a long time from the Fed and the Treasury is in the link above. After it became common knowledge that the "stress tests" were only going...

Georgia is #1; Citigroup is worse than bankrupt

A heartfelt congratulations to the United State of Georgia (from whose namesake "University of" I got my Finance MBA), which today passed California in the battle for Most Failed Banks (9 v 8) in the...

Interlude

What my brain wants to do:Bank capitalisation, stress testing, book value, and discussion of other data that clearly indicates the need for the nationalisation of several LARGE banks.What my brain is...

Before netting, before zero sum ownership society

Numbers work in Credit Crisis for Kindergartners. .AliceAssetsPhysical marbles: 4Marbles promised from Bob: 0Marbles promised from Sue: 2Total assets: 6LiabilitiesMarbles owed to Bob: 7Marbles owed...

Has it begun?

The NYT reports on the Fed, Bears Stearns valuation, and interventions.The Fed, working closely with bank regulators and the Treasury Department, raced to complete the deal Sunday night in order to...