Word: berte
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...Federal Reserve says the stress tests were a one-time thing and it has no plans to do them again. One problem with regularly repeating the tests is that they are expensive and time-consuming. The current one took 150 bank examiners six weeks to complete. Bert Ely, a bank-industry consultant, says bank executives don't want the stress tests to return. While Ely says he does believe the stress tests have influenced how regulators will view banks in the future, he's not sure he sees the point in them. "This is the government trying to steer business...
...good humor, there's a serious point to such protests. "Anger is an emotion that spurs collective action," says Bert Klandermans, a professor of applied social psychology specializing in protest behavior at Amsterdam's Free University. It's "an emotion that results from feeling that somebody is responsible for something, and could have acted differently," he says. For many, "the bankers did it wrong, and they did it wrong because they were greedy. That's what makes people angry." Still, getting wound up doesn't necessarily mean changing the world. Being heard, Klandermans says, is often enough. "In any demonstration...
...IndyMac was a one-trick pony," says Bert Ely, a banking consultant. "Citigroup has a whole stable of horses you have to deal with." Nonetheless, IndyMac does provide an example in which nationalization worked, suggesting that at least some of the fears critics have of nationalization may be unfounded...
...It’s a sign of the economic crisis, and in this time jobs are lost and ideas are gone,” Levy said. The “Life is Good” brand, which is now worth nearly $120 million, took off after brothers Bert and John Jacobs began selling handmade t-shirts bearing the Jake logo at a Cambridge street fair in 1994. Everything’s Jake rents from Trinity Property, which also owns the rest of The Garage, the 50 Church St. building, the Harvard Square Parking Garage, and the Smith Place near Alewife...
...just the FDIC's fault," says Bert Ely, CEO of Ely & Co. "But it and other regulators are not moving fast enough to close problem banks and limit losses...