"The Fed not only wants to stimulate the economy but also to recapitalize the banks, and this is a stealth technique to do it," said Herbert M. Allison Jr., a former investment banker who has turned banking apostate in a new white paper called "The Megabanks Mess," published as a Kindle Single.
The event brought out attention-seekers - one man stationed himself outside Lehman's building with a red flag, shouting: "The capitalist order is in freefall collapse!" It was well known that Lehman, an Alabama cotton trader turned banking behemoth, was the biggest bankruptcy in US history.
This week's flotation of the Halifax, a building society turned bank, provided ample evidence of the new up-beat mood.
They describe two commissioners, Sir John, a noted economist, and Martin Taylor, a brainy former boss of Barclays turned bank critic, as being sharp but non-committal.
Backed by the opposition and the media, the unions have turned bank reform into a controversy ahead of local elections on December 3rd.
When Mr Menem forcibly turned bank deposits into bonds in 1990, many of the same judges sat on the Supreme Court, which approved the plan.
One hot day in June 1934, John Dillinger, an Indiana nobody turned bank robber, jail breaker, sex symbol and internationally celebrated fugitive from justice, was feeling bored.
The true story of a marathon runner turned bank robber becomes a cool, observational thriller that's short on explanations but big on athletic action.
Occupy Wall Street, which has pretty much turned "bank" into a four-letter word, has deposited nearly $500,000 into Amalgamated Bank, a big small bank in New York City owned by the labor union Unite Here.
The hedge funds, and the banks with whom they do business, have turned bank loans and claims trading into a more liquid, competitive and aggressive market.
Former investment banks turned bank holding companies Goldman Sachs and Morgan Stanley are well positioned to emerge from the existing turmoil because of their strong capital holdings and dexterous management.
