Tag Archives: Campbell Harvey

Children in the Candy Store

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The bad news keeps piling in: $150 billion commitment to a non-bank, AIG GE Capital (which is not a bank) gets FDIC Insurance backup for $139 billion American Express and CIT Group are now banks – I guess everyone is … Continue reading


The Hurdles the New President Faces

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President-elect Obama wants to avoid the Herbert Hoover scenario. In this scenario, many economic initiatives are tried but fail to bring the U.S. out of recession. The high expectations are not met. The result: a single term. Of course, there … Continue reading


Who deserves to be bailed out?

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I appeared on Business News Network to discuss: the missteps in implementing TARP, who should be bailed out, alternative plans to regenerate credit and the implications for the real economy. View the clip here.


Bank Earnings Are Impossible to Interpret

It is earnings season and many banks will be reporting their earnings. What are we to make of these earnings? In usual circumstances, it is hard to decode earnings. Today, it is next to impossible. By the way, why did … Continue reading


The Fall of the House of TARP: Time for Plan B

I am not surprised that the Troubled Asset Relief Program (TARP) failed. The paper that I put out on Friday detailed the numerous problems with the TARP.  My paper argued that the TARP had at least three major flaws.


My Proposal to End the Credit Crisis and Minimize Damage to the Real Economy

We have been trying to put out one fire after another and it is time to get ahead of the problem.  One day it is money market funds, the next is Washington Mutual, and TARP over the weekend. We need … Continue reading


Contagious Systemic Risk: My Warning in 2005

Durham , NC — In late January 2005, Fuqua finance professor Cam Harvey traveled to Davos, Switzerland, for the world’s most important annual economic forum. From his panel discussion on corporate earnings to his encounters with senators and celebrities, Harvey … Continue reading