A Happy Banking Tale, and Faint Praise We Can Live With

Interesting piece here by Washington Post columnist Steven Pearlstein about a relatively small North Carolina bank called Citizens South, which avoided bad loans, has remained profitable, and then applied for and won $20.5 million in TARP bailout funds. Writing on the eve of the testimony by eight gigantic bankers before the House Financial Services Committee, […]

Diamond, Kashyap, and Rajan on the Geithner Plan

University of Chicago Professors Douglas Diamond and Anil Kashyap, whose description of the causes of the financial crisis is the most widely circulated post ever to appear on this blog, are back to explain the Geithner Plan in simple-to-understand terms, along with what they do and don’t like about it. For this post, they’ve also […]

More Satisfying: Spending Money, or Donating It?

Would you rather donate $100 to a charity you believe in, or spend $50 in your favorite shop? That’s the crux of an offer SunTrust bank is making to people who open new checking accounts with the bank between now and the end of the year: receive a $50 gift card, or have SunTrust donate […]