Good Banks, Bad Banks

31 Pages Posted: 29 Sep 2017

See all articles by Richard Christopher Whalen

Richard Christopher Whalen

Whalen Global Advisors LLC; Economic Advisory Committee of FINRA; Mortgage Bankers Association; National Mortgage News

Date Written: September 27, 2017

Abstract

This paper examines the factors which contribute to banks being perceived as being “good” or “bad” in terms of their impact on the political economy and society as a whole. We first review some of the historical antecedents for public approbation against banks, then consider how changes in ownership affect bank behavior, then examine the financial performance of different sized banks, and then finally discuss the particular examples of off-balance sheet transactions and incomplete sales as indicia of cheating by “bad banks.” We conclude with a discussion of financial conflicts as prohibited by the Volcker Rule and the larger question of corruption and crony capitalism between the largest banks, elected officials and their regulators.

Keywords: Banks, Federal Reserve, True Sale, Capital, Fraud, off-balance sheet, crony capitalism, regulation, Louis Brandeis, JP Morgan, Walker Todd

JEL Classification: G00, G18, G2, G21, G23, G38, G32, N00, N2

Suggested Citation

Whalen, Richard Christopher, Good Banks, Bad Banks (September 27, 2017). Available at SSRN: https://ssrn.com/abstract=3044006 or http://dx.doi.org/10.2139/ssrn.3044006

Richard Christopher Whalen (Contact Author)

Whalen Global Advisors LLC ( email )

P.O. BOX 8903
SCARBOROUGH STATION
BRIARCLIFF MANOR, NY New York 10510-8903
United States
914-645-5304 (Phone)

HOME PAGE: http://www.rcwhalen.com

Economic Advisory Committee of FINRA ( email )

1735 K Street NW
Washington, DC 20006
United States

HOME PAGE: http://tinyurl.com/2bne6p

Mortgage Bankers Association ( email )

1919 Pennsylvania Ave
NW Washington, DC 20006-3404
United States

National Mortgage News ( email )

One State Street Plaza, 27th Floor
New York, NY New York County 10004
United States

HOME PAGE: http://https://www.nationalmortgagenews.com/

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
332
Abstract Views
1,957
Rank
146,605
PlumX Metrics