Stocks moved modestly higher Wednesday morning as traders weighed the odds Tuesday’s big rally was anything more than another “one-day wonder” amid an ongoing bear market.Financials were rallying again ahead of Thursday’s House hearing on mark-t
Daily Archives: March 12, 2009
Memo to Geithner: Stop Dithering and Get on with the Program
Everyone, it seems, has a problem with how Tim Geithner and Ben Bernanke are handling the banking crisis — or not handling it as the case might be.Robert Barbera, chief economist of Investment Technology Group and author of
Why the Pandit Memo Is Meaningless
From The Business Insider, March 11, 2009:It’s nice to get a rally for a change, and the idea that the words
“bank” and “profit” could be written in the same memo is astounding.
But the idea that the memo communicated anything meanin
Community Banks: A Financial Bright-Spot?
There are three kinds of banks out there right now. Here at TechTicker we spend a lot of time talking about the first category: Big banks getting big government bucks. We’ve also spent some time talking about the second category: Small regional bank
Bernanke’s Fix Missing Key Ingredient: Moderating Excesses and Asset Inflation
In an effort to clean up the current mess and, more importantly, reduce odds of future crises, Ben Bernanke on Tuesday laid out a new framework for regulating financial institutions. “We must have a strategy that regulates the financial system as a w