Apr 3, 2009 at 4:02 PMPhoto Slide Show: Obama Meets With Failed Bank CEOs
As readers know, Obama and Geithner love the failed bank CEOs. The executive pow-wow was held last Friday at the White House and we put together a picture gallery of the high school dance. Ken Lewis, Vikram Pandit, Jamie Dimon, Lloyd Blankfein and John Mack in all their failed glory.
We Now Have Slideshows: Bailout Cartoons & Photos
I'm starting to build the photo galleries and cartoon slideshows now available in the right column at the top. I have 1,000 images waiting to be manually loaded. I will try to add 50 or so new images per day until caught up. Below is what I've added so far.
financial, economic, recession, bailout
Bailout Hypocrisy Watch: David Shuster Examines Obama's Treatment Of Wall Street Vs. Detroit (MSNBC Video)
Bloomington, Indiana native David Shuster getting down at his wedding. Sorry, Shoe.
Bail Out Barney: Barney Frank On Mark To Market Accounting, The Financial Crisis And Market Regulation (CNBC Video March 31)
For today's show, producers assembled one of the better Squawk Box casts of 2009. Roubini, Taleb, Huffington and Barney Frank. In this 16-minute clip Frank discusses AIG, bonuses, financial regulation, executive compensation, TARP, bank bailouts, GM, the auto bailout, and mark-to-market accounting with Huffington and the regular Squawk crew.
For the record and as I've written about extensively, changing MTM accounting rules is a mistake. Granting some form of regulatory leniency on capital requirements is a smarter idea, but it likely has no chance against the stampede of ignorance in Congress.
Not only does Barney Frank support the removal of FASB 157, he is quoted in this Marketwatch article supporting retroactive mark-ups on certain assets. The FASB vote is Thursday.
