zero hedge Tue 2010-01-19 12:18 EST

Guest Post: The Banker Bonus Diversion

I am so tired of the absolute nonsensical and foolish approach in regards to Banker Bonuses taken by both the Obama administration as well as the bankers themselves. Here's what is really going on and what should should be going on if we lived in a world that was dependent on telling the truth, prudent financial management, reduction of systemic risk, and if a cure to our banking system malady is genuinely being sought...This is a total and epic failure of the banking regulatory authorities in the U.S...The bankers should have taken every nickel of profit and allocated it to capital accounts to provision for loan losses: past, present, and future. The regulators should force every nickel on to the balance sheet irrespective of the menagerie of FASB FAS 157. The government should not be taking this needed capital from the banking system.

Banker Bonus Diversion; Guest Post; Zero Hedge.

Wed 2009-12-16 12:30 EST

James Grant Mourns the Loss of the Gold Standard - WSJ.com

...There's no business value in financial safety when the government bails out the unsafe. And by bailing out a scandalously large number of unsafe institutions, the government necessarily puts the dollar at risk...Collateralize the dollar--make it exchangeable into something of genuine value. Get the Fed out of the price-fixing business. Replace Ben Bernanke with a latter-day Thomson Hankey. Find--cultivate--battalions of latter-day Hellmans and set them to running free-market banks. There's one more thing: Return to the statute books Section 19 of the 1792 Coinage Act...

com; gold standard; James Grant mourns; losses; WSJ.

Jesse's Café Américain Thu 2009-08-20 16:46 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

Jesse

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:44 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

Jesse

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:42 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

Jesse

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:36 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

Jesse

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:35 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

Jesse

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:34 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

Jesse

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:29 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

Jesse

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:26 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

Jesse

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:25 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

Jesse

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.

Jesse's Café Américain Thu 2009-08-20 16:17 EDT

The Next Wave of the Financial Crisis Is Coming (And Why)

Jesse

These excerpts from the most recent TARP Congressional Oversight Panel Report make the risks in the US financial system abundantly clear.Do you think that the Congress has the will and the ability to act on their recommendation, with the men currently in positions of power on the key Committees? Do you believe that the Obama Administration is capable of reforming itself and effecting genuine

comes; Financial Crisis; Jesse's Café Américain; wave.