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The Future of Banks

Part of repairing the economy will involve strengthening banks, which are currently keeping billions in toxic assets on their books. As NBR's Stephanie Dhue reports, Treasury Secretary Geithner will consider a number of options in an effort to avoid nationalization.



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Related NBR Stories & Links

• 01-21-09: President Obama Goes to Work While Treasury Secretary Designate Geithner Takes the Hill
• 01-16-09: Citi Splits & Bank of America Gets a Bailout
• 12-30-08: Half of the TARP is Gone
• 11-12-08: Treasury Secretary Henry Paulson's New Plan for the Bailout

External Links/Articles*

• American Enterprise Institute (AIE)
  The AEI is . This links to a January 22, 2009 article published by AEI Visiting Scholar Charles Calomiris. The article is titled, "Helping Wall Street and Main Street." The article includes a look at the negatives of an "aggregator bad bank."
• Brookings
  Brookings is a nonprofit public policy research organization. Brookings Fellow Doug Elliott is interviewed in Stephanie Dhue's report. This links to a January 23, 2009 article authored by Elliott titled, "Measuring the Cost of the TARP."
• Federal Reserve
  The Federal Reserve is the central bank of the U.S. This links to testimony Fed Vice Chair Donald Kohn gave before the U.S. House Committee on Financial Services on January 13, 2009. In part of the testimony, Kohn discusses options for dealing with the "large quantity of troubled, hard-to-value assets" banks have.
• Financial Services Roundtable (PDF Document)
  The Financial Services Roundtable is . The organization's chief lobbyist, Scott Talbott, is interviewed in Stephanie Dhue's report. This links to a November 17, 2008 speech given by the president of the roundtable. The speech's main topic is effective regulation of financial markets.
• RGE Monitor
  RGE Monitor is an economic analysis firm headed by Nouriel Roubini, a professor of economics at NYU's Stern School of Business. This links to a blog entry on the RGE Monitor website titled, "Is Purchasing $700 billion of Toxic Assets the Best Way to Recapitalize the Financial System? No! It is Rather a Disgrace and Rip-Off Benefitting only the Shareholders and Unsecured Creditors of Banks."
• Robert Reich's Blog
  Robert Reich was U.S. Secretary of Labor under President Bill Clinton. He is also a professor at the Universeity of California at Berkeley. This links to his January 18, 2009 blog entry titled, "How the Ensure that an Aggregator (or Bad) Bank Isn't Another Taxpayer-Financed Boondoggle for the Banks That Got Us Into This Mess."

*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.