Study Group: State and Local Tax Specialists(?)

As I  write this article the Senate has passed the $700bn bailout package. There is also general  unanimity to increase the limit upto which bank deposits are insured upto $250000. Yet all this only reflects the effect of  politics on the economy. There is also pressure to allow banks...

The  present  banking crisis provides an opportunity for  the  Bretton Woods twins and  especially  the  IMF  to  prove their relevance in the 21st century. The past few years had seen the eclipse of  these  two institutions with reduced relevance....

When the going gets tough deflect the blame. That's an age old tactic. The banks and the global financial system are in a mess. The mess has been created by "easy credit" and  now the bankers want to blame accounting rules and the concept of  fair value. This is like going back a 100 years...

As I  look at the troubles facing the financial world and global economy as a bystander and a involved person (as  a  finance professional) I actually see  a  certain amount of  humor in the entire situation. Monetary policy during  the  last  few  years...

The referred article is a great comparative  between the strategies followed by Merriyl and Lehman respectively. While Merriyl Lynch was constantly considering strategies to overcome the liquidity crisis, Lehman was basking in its past. Merriyl was considering the basic tenets of risk management,...