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News, Feature The Mad Quest of Mr. Wu

The Mad Quest of Mr. Wu

In April 2007, The Economist identified San Francisco high-society denizen Tommy Wu as a new type of business hero. The enterprising CEO of a scrappy Chinatown bank had just bested industry giants such as Citigroup to become the first…
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News, Matt Smith Advanta Corp.'s dubious investment offer in the <i>Chronicle</i>

Advanta Corp.'s dubious investment offer in the Chronicle

Readers skimming the business section of the San Francisco Chronicle on Sunday, July 12, might have been surprised to see an extraordinary investment opportunity in a quarter-page advertisement running a couple of columns below Scott Adams' Dilbert cartoon. "You can…
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News, Matt Smith Flubbers


There are plenty of bad guys in the current banking collapse, but I want to introduce you to some unsung villains: the executives running little-known, federally chartered bankers' cooperatives called Federal Home Loan Banks. The FHLBs — known to insiders…
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