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The Consumerist (Free subscription) | 10/06/2008
Bloomberg is reporting that may . Neither bank would get assistance from the government and taxpayers under the deal being discussed now.``There is a point at which the FDIC will take Wachovia over if they are concerned about the stability of the bank,'' said Christopher Whalen, managing director of Institutional Risk Analytics, an independent research firm in Torrance, California. ``But...
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Chicago Tribune (Free subscription) | 10/02/2008
Now, the Senate version of the rescue bill approved Wednesday would augment the FDIC's role. It would more than double, to $250,000, the size of bank accounts the FDIC insures and would give it unlimited authority to borrow from the Treasury over the next year."You're going to see the FDIC become the most powerful non-defense agency in the U.S. government," said Christopher Whalen, managing...
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New York Newsday (Free subscription) | 10/02/2008
Now, the Senate version of the rescue bill approved Wednesday would augment the FDIC's role. It would more than double, to $250,000, the size of bank accounts the FDIC insures and would give it unlimited authority to borrow from the Treasury over the next year."You're going to see the FDIC become the most powerful non-defense agency in the U.S. government," said Christopher Whalen, managing...
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DealBook (Free subscription) | 09/29/2008
... reputation was suddenly at risk of becoming a devalued asset.“He should have known better,” said Christopher Whalen, managing director of Institutional Risk Analytics, a provider of ratings and analytic tools. “There is a certain bias people his age and stature have. He has hit home runs for years and he thought there would be a bounce.”Mr. Whalen said Mr. Bonderman and his...
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Seeking Alpha (Free subscription) | 09/28/2008
Christopher Whalen submits: During the presidential debates last Friday, Senator John McCain [R-AZ] said that we are "at the end of the beginning" of the economic recession that is affecting the US and the entire world. We completely agree. So let us try to describe in financial terms why we believe that the legislation currently being finalized in Washington will be ineffective in achieving...
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Seeking Alpha (Free subscription) | 09/28/2008
Christopher Whalen submits: During the presidential debates last Friday, Senator John McCain [R-AZ] said that we are "at the end of the beginning" of the economic recession that is affecting the US and the entire world. We completely agree. So let us try to describe in financial terms why we believe that the legislation currently being finalized in Washington will be ineffective in achieving...
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cryptogon.com (Free subscription) | 09/25/2008
Via: Bloomberg: By the end of 2009, about 100 U.S. banks with collective assets of more than $800 billion will fail, predicts Christopher Whalen, managing director of Institutional Risk Analytics, a Torrance, California-based firm that sells its analysis of FDIC data to investors. “It’s not going to be Armageddon,” says Mark Vaughan, an economist and assistant vice [...]
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Seeking Alpha (Free subscription) | 09/24/2008
Christopher Whalen submits: "The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which."-- George Orwell, Animal Farm Watching and listening to the Big Media comment Monday on the press release by the Fed's Board of Governors regarding Morgan Stanley (MS) and Goldman Sachs (GS) becoming bank holding...
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Seeking Alpha (Free subscription) | 09/19/2008
Christopher Whalen submits: Earlier this week, we sent out a note to our readers regarding the AP story published on Wednesday, September 17, 2008 entitled "Federal bank insurance fund dwindling." Reported by Marcy Gordon of AP's DC bureau, the story quotes IRA's Christopher Whalen on the mounting angst felt by Americans with respect to the safety and soundness of their...
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DealBook (Free subscription) | 09/24/2008
... equity firms and stronger banks that are shopping. They are all going to bid against each other,” Christopher Whalen, a managing partner at Institutional Risk Analytics, told The Times. “A lot of my clients see financials in 2009 and 2010 as being a huge home run,” he added.To be sure, it is still unclear how firms that buckled under the weight of toxic mortgage assets will be treated...
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Seattle Post-Intelligencer (Free subscription) | 09/24/2008
... firms and stronger banks that are shopping; they are all going to bid against each other," said Christopher Whalen, a managing partner at Institutional Risk Analytics. "A lot of my clients see financials in 2009 and 2010 as being a huge home run," he added.It is still unclear how firms that buckled under the weight of toxic mortgage assets will be treated under the plan of Treasury...
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Counterfire blogg (Free subscription) | 09/21/2008
... or savings and loans companies seem likely, and that could overwhelm the FDIC’s insurance fund.”Christopher Whalen, senior vice-president and managing director of Institutional Risk Analytics, said: “We’ve got a … retail bank run forming in this country.”On Monday, US Treasury Secretary Henry Paulson said the nation’s commercial banking system “is safe and sound”, and that “the American...
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Star Tribune (Free subscription) | 09/22/2008
Institutions abroad lobbied successfully to be included.
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Orlando Sentinel (Free subscription) | 09/21/2008
... which institutions are on its list, but on average, 13 percent of banks that make the list fail.Christopher Whalen, senior vice president and managing director of Institutional Risk Analytics, has predicted that 110 banks with assets worth $850 billion are in danger of failing by next summer. He said the Treasury Department's rescue plan hasn't given him reason to be more optimistic."If...
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Harper's Magazine (Free subscription) | 09/15/2008
“Both the Republicans and Democrats have given the financial services industry everything it wanted. The finance sector has endless amounts of money to influence politics and can outgun the bank regulators every time.” That was Richard Christopher Whalen, Managing Director of Institutional Risk Analytics, in an interview here last fall–which goes a long way towards explaining how we got...
