Wordpress - thefourteenthbanker.wordpress.com - The Fourteenth Banker Blog
General Information:
Latest News:
Two and Half Years 16 Jul 2013 | 08:09 am
It has been quite a while, hasn’t it? The hubbub has died down. The banks mostly survived. The government talked a lot and did a little. The lobbyists brought home a lot of loot. Not much has cha...
Transition 2 Feb 2011 | 12:39 pm
Today is February 1st and I am faced with a conundrum. It is time to transition to a new role. I started this blog last Spring when we were in the thick of debate on Financial Reform. I had two inten...
Institutional Deeds, Personal Choices 20 Jan 2011 | 05:25 am
H/T Credit Writedowns for this piece addressing causation of our economic malaise. The gist is that the problem is neither the business cycle nor structural imbalances. Quoting Harold Meyerson of the...
Ethanol 16 Jan 2011 | 10:50 am
Does humanity have the ability to be intentional in its evolution? Consider this. Forcing consumers to use domestically produced ethanol is one of the single biggest boondoggles ever committed by th...
Widgetized 11 Jan 2011 | 12:56 pm
I just want to share a simple concept that underscores the nature of mega-banking today. For years the banks have suffered from significant customer attrition, that is, customers that leave. Years ago...
Simon Johnson on Bill Daley Appointment 10 Jan 2011 | 06:25 am
Simon wrote a direct and balanced response to the appointment of Bill Daley. Here is the problem as he sees it, with a focus on systemic risk: Today’s most dangerous government sponsored enterprises ...
So Bill Daley, Who’s Your Daddy? 8 Jan 2011 | 12:56 am
Yesterday President Obama heralded his newly appointed Chief of Staff, to great fanfare from the Republicans, US Chamber of Commerce, Wall Street Journal and others. According to the Wall Street Journ...
Bank of America Settlement 5 Jan 2011 | 04:32 am
So what to make of the Bank of America settlement reported yesterday? At first blush, it appears to be another backdoor bailout of this TBTF bank. According to Barry Ritzholtz, the settlement amounts ...
On Corruption 28 Dec 2010 | 05:27 am
Perhaps it is time to explain the tone of my Holiday Greeting, in which I expressed optimism. Happy Holidays to all. It has been an eventful year. This is the season of hope and, despite all the matt...
Happy Holidays! 25 Dec 2010 | 02:21 pm
Happy Holiday’s to all. It has been an eventful year. This is the season of hope and, despite all the matters that we have criticized over this past year, I am full of hope. There are well-meaning peo...
