Category Archives: Main Page

Canadian government slams door on empty barn after it chased the horses out

Posted on June 21, 2012 by Danielle Park

In typical after-the fact-fashion the Canadian government today announced necessary but way late changes to the terms available on mortgages backstopped by Canadian tax payers via the Canada Mortgage and Housing Corp (CMHC). Buyers with less than 20% as a … Continue reading →

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Whitney on why banks must reinvent themselves

Posted on June 20, 2012 by Danielle Park

Meredith Whitney, founder and chief executive officer of Meredith Whitney Advisory Group, talks about the outlook for financials, the U.S. economy and JPMorgan Chase & Co.’s trading loss. She also explains why post-credit bust, the add-leverage-and-stir-to-look-genius model is no more … Continue reading →

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Levitt: “I regret my support in doing away with Glass-Steagall”

Posted on June 19, 2012 by Danielle Park

Arthur Levitt, former chairman of the U.S. Securities and Exchange Commission, talks about JP Morgan Chase & Co. Chief Executive Officer Jamie Dimon’s testimony before the Senate Banking Committee today. He is conflicted as he now serves as an advisor … Continue reading →

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