KANSAS CITY, MO — My participation at the inaugural Financial Policy Conference held at the Federal Reserve Bank of Kansas City Friday (June 19) came both as a speaker and an attendee. The fact that organizers wanted the covered bonds angle to be represented is another sign that the topic remains on the public [...]

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1.  TARP Oversight Panel Says Bank Stress Tests Should Be Repeated – By Robert Schmidt – Regulators should continue to conduct stress tests on banks as long as they keep large amounts of illiquid mortgage securities on their books, a group overseeing the U.S. financial bailout said. – Bloomberg
2.  Banks Fleeing TARP Face $5 [...]

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1.  Banks could lose $168 billion through PPIP – Jamie McGee and Margaret Chadbourn – If lenders sell their problem loans through the Public-Private Investment Program at market prices, they stand to lose $168 billion. The Federal Reserve told financial institutions to raise $75 billion, but that capital could be erased through their participation [...]

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Bank of America, Citigroup Insiders Reap Millions Buying Stock – By David Mildenberg -  Bank of America Corp. and Citigroup Inc. executives and directors have profits of more than $25 million after purchasing shares earlier this year amid speculation that the lenders would be nationalized.  Bank of America directors and managers including Chief Executive [...]

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