Conservative Economic Commentary | Topic: Bank Indonesia

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Subject: Bank Indonesia

Bank Indonesia is the central bank of Indonesia. Bank Indonesia is currently being governed on an interim basis by Darmin Nasution. The last governor, Boediono, resigned due to his vice presidential candidacy in the Indonesian presidential election and his replacement has yet to be nominated by President Susilo Bambang Yudhoyono.
Finance minister Sri Mulyani Indrawati was proposed as a candidate to take over the Bank Indonesia governorship earlier in 2009, however is now likely to remain in Yudhoyono’s new cabinet .(Wikipedia Jan 2010)

Good and bad banks

Bank stress tests: aftermath and consequences

By John Schroy, on May 8th, 2009 |

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In May 2009, the Obama administration divided some of America’s largest banks into ‘good banks’ and ‘bad banks’.

This broke a long-standing practice of protecting the reputation of the US banking system. The Obama government seized TARP funds as an instrument of political power.

Banks, large and small, are now eager to escape the trap of taking TARP funds, which will require them to raise $74.6 billion, either by selling equities on the market, or from profits.

More » Bank stress tests: aftermath and consequences