Blowing Bubbles

Could Dodd-Frank cause another financial disaster?

The past few years have seen the biggest social upheaval against the banking industry in this nation’s history, and Capitol Hill lawmakers responded with 848 pages of legislation that liberal critics deride as weak and many conservatives call a job killer.

Mar 31, 2012 Allen Young

Let’s Twist Again

Banks struggle with large debt and minimal borrowers

The Federal Reserve calls it Operation Twist, named after the 1961 Chubby Checker hit that sparked gyrating hips in dance halls across America. That was also the first year the Fed embarked on a mission to purchase long-term Treasury notes in an effort to drive down interest rates on long-term loans.

Feb 1, 2012 Allen Young

Past & Present Danger

A historied economist imparts warning

Peter Lindert is one of the preeminent voices in the “deep history” field of economics, which looks at the world economy over the scope of all human history. We recently talked with the UC Davis professor about the U.S. and global economies and the penchant for both to experience exhilarating highs and devastating lows.

Dec 1, 2011 Rich Ehisen

Hedge Hogs

Investors look to recoup losses from the Great Recession

Hedge funds are back. Worries about European debt crisis, war in the Middle East and the potential for rating agencies to downgrade America’s treasuries have rattled shareholders. But those fears haven’t held back investors from pouring record amounts of capital into the cowboy country of largely unregulated, nontransparent funds.

Jul 31, 2011 Joel Schectman

Trust Worthy?

Cognitive impairment claims challenge real estate plans

Lesli Pletcher’s parents were not extravagantly wealthy by any stretch of the imagination. However, true to form of a couple raised during the Great Depression, they were frugal and financially cautious so that, by the end of their lives, they had amassed a substantial estate capable of easily sustaining Pletcher’s father in his $9,000-a-month Alzheimer’s care facility.

Feb 1, 2011 Christine Calvin
Jim Leet, chairman McDonough Holland & Allen PC

Billable Solution

When attorneys and clients negotiate fees

Stop me if you’ve heard this one: A lawyer dies young and arrives at the Pearly Gates. 

“There must be some mistake!” he wails. “I’m only 31!”

St. Peter consults the records and disagrees. “Judging by the number of hours you’ve billed, you’re at least 73.”

Feb 2, 2010 Adam Weintraub
Cache Creek Casino Resort began as a bingo hall but has slowly added amenities, such as this year-old 18-hole championship golf course, in its push to become a destination resort.

Full House

Have casinos reached market saturation in the Capital Region?

Red Hawk Casino opened in December, just weeks after economic woes sent the stock market plunging. The launch of the new venue just off Highway 50 coincided with a sharp drop in gross gaming revenue at Nevada’s Lake Tahoe casinos, and California casinos also felt the sting as gamblers gave Red Hawk a try.

Oct 1, 2009 Adam Weintraub
Rich Brooks, a partner in Tatum LLC, works for a Tatum division called Kinetic Advisors LLC, a boutique firm for middle-market debtors in distress. Brooks often sits between the borrower and the bank to help the two sides work out a deal.

Rescue Me

Working out a deal when a banker calls

It’s the meeting no business owner wants, an adult equivalent to sitting in the principal’s office.

Only instead of a principal, the person calling you in is a banker. And instead of the dreaded “permanent record,” the folder on the desk is an agreement for a business loan, a line of credit, equipment financing or some other form of borrowed money that helps keep the company afloat.

Sep 1, 2009 Robert Celaschi