Category: Deposits

Mr. Punch and his regulatory slapstick: Part 3, No proprietary purpose

21 August, 2015 (10:00) | Banking, Cities, Community Reinvestment Act, de Blasio, Deposits, Federal supremacy, Housing, Lending, New York City, Pre-emption, Punch and Judy show, Regulation, US News | No comments

[Continued from yesterday’s Part 2 and the preceding Part 1.] By: David A. Smith As we saw yesterday, after then-mayor Bloomberg vetoed the Responsible Banking Act, the City Council overrode his veto by a huge margin (46 to 5), and when they did, the members, such as City Councilor Albert Vann, were understandably triumphant: “The […]

Mr. Punch and his regulatory slapstick: Part 2, An improper measure of oversight

20 August, 2015 (10:00) | Banking, Cities, Community Reinvestment Act, de Blasio, Deposits, Federal supremacy, Housing, Lending, New York City, Pre-emption, Punch and Judy show, Regulation, US News | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith A combative fellow is Mr. Punch, fearless in the making of political sausages: Sources used in this post Crain’s New York Business (5 August 2015: buff blue font) Crain’s New York Business (10 August 2015) New York Times (August 11, 2015; siena font) Wall Street Journal […]

Mr. Punch and his regulatory slapstick: Part 1, Void in its entirety

19 August, 2015 (10:00) | Banking, Cities, Community Reinvestment Act, de Blasio, Deposits, Federal supremacy, Housing, Lending, New York City, Pre-emption, Punch and Judy show, Regulation, US News | No comments

By: David A. Smith Wherein we begin the show with as much merriment as possible. That’s the Way to Do it!  For Mr. Punch, a slapstick is for smacking people, the more the merrier, so when Mr. Punch is mayor of all the New Yorkers, then he will use the slapstick whenever he can, even […]

The demise of deposit insurance: Part 4, “An odd definition of private property”

10 October, 2013 (09:00) | Banks, Cyprus, Deposit insurance, Deposits, Eurozone, Global news, Law, Markets, Recapitalization, Russia, Speculation | 1 comment

By:David A. Smith   [Continued from yesterday’s Part 3 and the preceding Part 1 and Part 2 .]   As shown in the previous posts, using as a starting point a recent New York Times (August 22, 2013) article on the bank recapitalization mess in Cyprus and how the result has delivered Cyprus’s largest bank into the hands […]

The demise of deposit insurance: Part 2, “Not in the cold war anymore”

8 October, 2013 (10:44) | Banks, Cyprus, Deposit insurance, Deposits, Eurozone, Global news, Law, Markets, Recapitalization, Russia, Speculation |

  By:David A. Smith   [Continued from yesterday’s Part 1.]   In yesterday’s post revisiting the Cyprus bank bail-in fiasco six  months after the fact, courtesy of a New York Times (August 22, 2013) story from a month ago, we discovered that the Eurozone’s financial and political leaders, determined to ‘punish’ Russian depositors for (in […]