That is the current mantra for banks as it portends to their portfolio of commercial paper. The banks cannot afford to have the level of delinquencies on their commercial paper turn into a massive capital call and thus stay in the TARP money conundrum. In speaking with some very high level management at major banks [...]
Entries Tagged as 'Political'
Extend and Pretend
December 17th, 2009 · 1 Comment
Tags: Economy · General Market · Political
The California Economy - an interview with a wealth manager
August 27th, 2009 · 1 Comment
As a stalwart California coastal resident that has been through many of the boom and bust cycles over the last 30 years from the oil crisis in the mid seventies, the hyper inflation of the early eighties and the destruction of the military/aerospace industry at the tail end of the eighties and early nineties and [...]
Tags: Political
A Slippery Slope
May 15th, 2009 · 1 Comment
This post on the “When Giants Fall” website really crystallizes the administration’s agenda. One of the key foundations of our capital markets system is confidence, without confidence there would be mass panic and chaos. All of the US treasuries and debt issued by our government is backed by what? It is backed by the full faith [...]
Tags: Political