Click on graphic for Full Image at Der SpiegelThis graphic is from Anne Seith at Der Spiegel: Moment of Truth for Europe's Common CurrencyGreece's financial difficulties have exposed numerous weaknesses which threaten Europe's common currency. Now, policy makers and economic experts are trying to find ways to stabilize the euro. SPIEGEL ONLINE […]
There have been 205 bank failures in this cycle (starting in 2007):FDIC Bank Failures by Year 200732008252009140201037Total205 Click on graph for larger image in new window.The first graph shows bank failures by week in 2008, 2009 and 2010.The FDIC started fast in 2010, but slowed down when the snow storm hit D.C. - now it looks like the pace is picking back […]
This is an unofficial list of Problem Banks compiled only from public sources. Changes and comments from surferdude808: Publication of actions issued by the OCC and OTS contributed to an increase in the number of institutions and aggregate assets on the Unofficial Problem Bank List this week. This week the list includes 653 institutions with assets of $332.0 […]
On Wednesday, I posted my disgust with the kindle fanboys trashing of Michael Lewis’ new book, The Big Short. I was surprised to hear from a number of literary agents who wrote to thank me for that. They have apparently been having all manner of issues with Amazon reviewers over the years, and the kindle kooks [...] […]
Dangerous Minds: It was the blog post heard ‘round the world. When Charles Johnson wrote Why I Parted Ways With The Right in the space of a few minutes and posted it on his popular Little Green Footballs blog, he had no idea the firestorm it would set off. Nasty denunciations, death threats and a New [...] […]
Mike Santoli asks an interesting question this morning in his Barron’s column. “The important question isn’t whether the market retrenches a bit, but whether that retrenchment would segue into a more definitive and momentous market top.” This is a worthwhile query for exploration. Mike calls a market pull back more likely than a top. […]
How about this for a new and ingenious real estate money machine? Every time a house sells during the next 99 years, 1 percent of the price goes back to the original developer or is shared among investor partners. Ka-ching! […]
Lowe’s Cos. Inc., which operates 20 home-improvement stores in the Raleigh-Durham area, plans to expand its operations in Canada by adding its first store in Saskatchewan early next year. (LOW) […]
Bernanke called for action on financial-services firms that are "too big to fail," describing the problem as "pernicious" and an "insidious" barrier to competition. […]