George's Blog

Secretary Geithner’s plan for a public/private investment partnership to address the greatest economic challenge of our time, toxic assets (measured in the trillions of dollars), is like asking the fox to save the chickens. Geithner's public/private fund will invite hedge fund managers to leverag...

Investors, on the other hand do, stating that it gives them greater insight into the true present market value of a Banks' assets. Now top U.S. lawmakers acting on behalf of their constituents, the Banks, are threatening to take action themselves if the Financial Accounting Standards Board (FASB)...

Government actions to date have not and will not make the banks solvent, restore liquidity, or stabilize the economy. Government actions have not been bold enough or strategically effective and they have done nothing to restore the confidence of entrepreneurs, investors, and consumers. Secretary ...

Every winter these adorable critters come around scavaging for food in our neighborhood in the coastal forest. This photo was taken only moments after these two masked bandits made a raid on our cats' Whiskas bowl. I don't know who was more startled, these hungry adolescent critters or my wife wh...

I accept the fact that our government has to take bold action to stabilize the financial markets. However, my confidence in the government's actions is repeatedly shaken and continually eroded by the lack of a structured plan that produces predictable behavior and repeatable successful outcomes b...

TALF is a Federal Reserve credit facility that was created to assist credit markets meet the needs of consumers and small businesses by facilitating the issuance of asset-backed securities (ABS) and improving market conditions for ABS. TALF was rolled out by the U.S. Department of the Treasury an...

Consumer spending is responsible for 70% of US economic growth according to an article written by Hale "Bonddad" Stewart, a former Bond Broker, for the Huffington Post dated 26 Feb 2009. Hale also states that the outstanding Total Household Debt has increased from 47% of GDP in 1981 to 96% of GDP...

The assumptions for the baseline scenario and the adverse scenario used to develop the so-called ‘Stress Tests' are overly optimistic and fall far short of any 'worst case' scenario to the point that some may charge that they are more like a ‘Best Case' scenario and a ‘Mild Discomfort' scenario. ...

Investors, Government Regulators, and Banks are still struggling to determine if the Banks deemed "To Big to fail' have all the capital they need. In the current situation I submit that Investors are more conservative and the Banks are less conservative in their valuation of the Banks' tangible a...

According to Linda Tarr, when the rare opportunity to apply for a full-power FM radio construction permit from the Federal Communications Commission arose, North Curry Families' and Children's Center agreed to be the 501C3 organization to respond.  This was the beginning of North Curry Community ...