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Liveblogging C-Span | Timothy Geithner, Secretary of the Treasury on bank bailout package 10th Feb

Colin Henderson

Two minutes to go – running a little late.  This set of announcements to talk about the plans for the remaining $250 Bn TARP money. Expect to see these dramatic developments. A public / private investment fund a new pre-requisite requirement for banks before receiving for government aid major expansion to consumer / business lending programme I will update this post every few minutes. Here we go.  Sen Chris Dodd, D Banking, Housing and Urban Affairs Committee Chairman  introduces Geithner. Treasury Department Financial Markets Assistance Plan. Notes listening to him: “Introduction has talked about unfreezing credit 5 times – interesting … Continue reading Liveblogging C-Span | Timothy Geithner, Secretary of the Treasury on bank bailout package 10th Feb

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The Social Media Myth | socialmediamyth.com

Colin Henderson

In one of the clearest pieces on social media, Michelle covers it well in this white paper entitled The Social Media Myth. My favourite quote, and an initial hint as to the content. Because people don’t go on social networking sites to hear your pitch – people go on social networking sites to talk to their friends! She answers the question on what is the one thing you need to know.  I won’t steal the reports thunder, so you can download and read for yourself, and I do recommend it to all banks.  As a hint, it differentiates beteen building … Continue reading The Social Media Myth | socialmediamyth.com

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World Economic Forum 2008 – long on rhetoric, short on options

Colin Henderson

The Forum is an intense 4 days, and this year probably more so than most – even folowing it by written word and video as I did was intense.  There were some clear themes, and some clear leadership from surprising sources.  The surprise was the Asian contingent and their discussion of global co-operation. Prime Minister Aso of Japan, Premier Wen of China, and Prime Minister Putin of Russia all summarised the crisis well, and spoke clearly about solutions comprising both domestic programs to boost GDP and consumption, and global co-operation to re-arrange global finance Tony Blair was another bright spot … Continue reading World Economic Forum 2008 – long on rhetoric, short on options

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Japan remains a key component our collective future success | #davos

Colin Henderson

The WEF is wrapping up and Taro Aso Prime Minister of Japan did the last big presentation on Saturday. It was timely and significant.  Japan had wrenching experience with a bubble economy in the late 80’s and that experience showed in the speech.  Japan Special Address by H.E. Mr. Taro Aso, Prime Minister of Japan On the Occasion of the Annual Meeting of the World Economic Forum The Summit on Financial Markets and the World Economy was held in Washington DC last November. Based on Japan’s experiences, I advocated the necessity of expeditious disposal of financial institutions’ non-performing loans and … Continue reading Japan remains a key component our collective future success | #davos

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Honesty and ethics of bankers – survey | time for introspection

Colin Henderson

Reflecting on the theme of bankers reputation “being shot” that is being picked up at Davos, Gallup have releases some data based on their Gallup/ USA Today poll that addresses the reputation of bankers.  Next time Citi decide to buy a jet they should take a look at this data first, and consider the moral and reputation implications.  Nothwithstanding this is a poll, the trend over time, and the trend in the last year is clear.  HT Douglas Berlon. The drop in 2008 is from 38 to 23 which represents the lowest in this dataset since 1977.  Of course there … Continue reading Honesty and ethics of bankers – survey | time for introspection

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The Values required for Capitalism | Enlightened self interest – Tony Blair

Colin Henderson

The Values Behind Market Capitalism Tony Blair, Stephen Green, Indra Nooyi, Shimon Peres, James J. Schiro, Jim Wallis with Maria Ramos Tony Blair – introductory remarks on the Values of Capitalism tendency to want to staate at this conference – “The End of Capitalism” it is normal and intelligent to reflect on the system New world, but we have been taught old lesson – that values matter we will build new regulation that will solve for the last crisis because that is what we do Old lesson was enlightened self interest, sense of long tgerm value, transparency – financial system … Continue reading The Values required for Capitalism | Enlightened self interest – Tony Blair

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World Economic Forum Davos | Summary day 1 themes

Colin Henderson

Themes I have picked up from the World Economic Forum on day one from blogs, speeches, and other comments.  Anyone attending in person and reading this, I would love to hear your observations and perspectives in the comments. government | the worlds orientation towards government economic support and regulation is at once welcomed and a concern.  A powerful sub concern is that of untended consequences – there is a general sense that the level of government support towards bailouts will create problems in the near future that we do not understand.  [my contribution – there will be rampant inflation during … Continue reading World Economic Forum Davos | Summary day 1 themes