EPJ's Bob English was on RT's Capital Account yesterday commenting on how JP Morgan could actually benefit from the London Whale debacle,through the long-term regulations that could result because of the debacle.
Bob also did a full segment on administration insiders, such as a former Comptroller of the Currency, who are picking off small community banks that have been caught in a death spiral from dividend payments on TARP funds that they have not been able to make as a result of Bernanke's obsession with near-ZIRP.
Note: English advises that he was put on to the trail of the community bank story, as a result of correspondence with EPJ reader, elliswyatt.
Robert - do you not see the similarity between what the big banks and regulators are doing to the banking industry and what public universities and regulators are doing to the education industry? The critiques of Larry Doyle and Mark Cuban of subsidized student loans could result in more regulation and/or less availability which will disproportionately hurt the for-profits. I'm not in favor of subsidized student loans, but eliminating this tax benefit could accelerate the consolidation in the education industry which will make the banking industry look positively fragmented by comparison. Unless all you want left in the education industry are public universities, non-profits and religious affiliated schools, you might want to broaden your critique of tax subsidies.
ReplyDeleteThat women is smoking hot. I watched the video 3 times and they might as well have been talking about Mickey Mouse
ReplyDeleteIt's amazing to see how fiat money can turn losers into winners.
ReplyDeleteThe system is so screwed.