In yesterday’s New York Times,Joe Nocera writes that “what is killing the economy is lack of credit.”He backs up his argument by referencing a presentation done by Northern Trust economist Paul Kasriel that asserts the same belief. The article and the presentation are both interesting and worth checking out,but rather than refute [...]
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Bank of America can’t seem to get itself out of the news. In this morning’s Wall Street Journal,there’s a story that the Fed has asked BofA for contingency plans in case conditions continue to worsen. It’s an interesting article,but for me,BofA’s issues point to a larger,more interesting issue than whether or [...] Last week,the Federal Reserve,the FDIC,and the Office of the Comptroller of the Currency (OCC) released the interagency Shared National Credits (SNC) Review for 2011. Better known to bankers as the “snick”report,the review provides a high level overview of the credit quality of syndicated loans that are at least $20mm in [...] | |||||
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