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The Economy Watch
 February 10, 2009           
 
Bannon & Co. monitors various media in efforts to best serve our clients.

It occurred to us that not everyone has the time to follow the tumultuous economic news as they would like.

These links to what strikes us as important and interesting perspectives about the economic situation and the legislation that is being addressed this week in Washington are offered for your consideration.   
 
 
Bill Bannon
 

Calls for Clarity in New Bailout for U.S. Banks
As the Obama administration prepares to lay out its plans on Tuesday for a revamped bank bailout, the initial instinct to shield banks from public scrutiny has created a new set of problems. Chief among them is restoring public trust in a much-maligned bailout so shrouded in complexity and inscrutability.

Banks to Get Stress Test Before Aid
As Part of Revamped Bailout, Cash Will Go to Those Deemed Healthy Enough to Lend - Wall Street Journal editorial.

Beyond Wall Street Bashing
The Obama administration will soon unveil its plan to bolster the nation's financial system. Given the widespread revulsion to financial "fat cats," the public reception may be underwhelming says Robert J Samuelson.

Geithner Said to Have Prevailed on the Bailout
Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions that were sought by presidential aides, in this New York Times article.

Showing Some Discipline
David Brooks says Geithner's plan is huge but also disciplined. It's designed by someone aware of government's limitations.

Again With the Depression? Great.
There is a danger that the constant alarms, intended to speed passage of Obama's stimulus plan, could also cause people to hide their money in their mattresses according to Dana Millbank.

Banks May Keep Skin in the Game
An emerging plan to ensure that banks sell high-quality securities underpinned by well-underwritten mortgages is being met with criticism by some regulators and industry experts is reported by the Wall Street Journal.

 
A Consumer Sentiment Study was conducted in November 2008, to see how the economy was effecting neighborhood areas served by several community financial institutions by Bannon & Co.  Another study is being planned soon after the Stimulus Program is passed by Congress and signed into law to see if consumers' opinions have changed.  
 
Click here for more information on how a Consumer Sentiment Study in neighborhoods served by your institution can provide key information to refine marketing strategies.
 
 
 
 
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