Search

This present crisis has demonstrated that undertaking bailouts of troubled institutions, which involves structuring transactions that attempt to transform the institution into a viable one, while simultaneously projecting the reaction of investors and markets, is a process for which government is ill suited. These bailout powers should be revoked. Financial angst still hangs over the system as the underlying imbalances that led to the crisis have not been reconciled. The ultimate answer is to place troubled institutions into receivership or the relevant form of bankruptcy -- including many of the institutions that have already been bailed out.

Discusses the assets of Citibank, Chase, and Fleet (out-of-state banks that are not headquartered in Connecticut but have branches or do business here).

Discusses whether, when banks borrow money from Fannie Mae, they do so at a fixed or floating rate.

Discusses historical views and differences between the various kinds of banking institutions.