Month: February 2009

Below are all the posts archived for the month.

Securum – Bad Bank of Sweden
in Articles

Sweden had its own banking crisis in 1993 and at that time – Securum – was created. Securum was structured as an Asset Management Company, rather than a bank to give it more flexibility, but the press and media referred to it as a bank and in a lot of cases, as a “Bad Bank”.
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Take Your Pick
in Opinion

The Daily KOS lays out the four things that the government is trying to achieve to solve the banking crisis: a.) lifts Big Shitpile off the balance sheets of the banks, while at the same time leaving them b.) solvent and c.) in the hands of private investors, without d.) constituting a flat-out transfer of
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AIG Restructuring
in Opinion

I was happy to read this AIG Restructuring piece in the Financial Times. AIG is expected to report a loss of 60 billion dollars this Monday. If a company that has taken government aid twice in the last six months – reports the biggest loss that any company has ever reported – then it is
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Bank Nationalization
in Opinion

There is a lot of talk about Nationalizing the banking sector and in general there is a lot of resentment against it. To me, most of this is because of the connotation of the – N word, rather than the actions that are expected out of this process. What Would Nationalization Mean? There have been
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